Garrett Michael X 4

What Happened

• Michael X. Garrett, a director of Textron Inc. (TXT), received an award/grant of 2,061 shares on April 29, 2026. The Form 4 reports an acquisition price of $0.00 for these shares (transaction code A), so this was an equity award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-29; Form 4 filed: 2026-05-01 (filed within the typical 2-business-day reporting window).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 2,061; reported price per share: $0.00; reported cash value: $0 on the Form 4 excerpt.
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Footnotes/plan details: None shown in the excerpt (no 10b5-1 plan, tax-withholding sale, or immediate sale noted).
• Filing timeliness: Timely (no late filing flag in the provided data).

Context

• Award grants to directors are commonly part of compensation (e.g., restricted stock or RSUs) and are different from open-market purchases or sales; a $0 reported acquisition price typically reflects a grant rather than a cash purchase. This type of transaction is informational about compensation, not a direct bullish or bearish market signal. For full details (vesting, restrictions, or plan rules), review the complete Form 4 and the company’s proxy/compensation disclosures.