4//SEC Filing
Wood Michael J 4
Accession 0000947871-20-000334
CIK 0000101829other
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 12:30 PM ET
Size
15.1 KB
Accession
0000947871-20-000334
Insider Transaction Report
Form 4
Wood Michael J
Corporate VP and Controller
Transactions
- Award
Common Stock
2020-04-03+30,146→ 30,146 total - Award
Restricted Stock Units
2020-04-03+6,787→ 13,460 total→ Common Stock (6,787 underlying) - Award
Restricted Stock Units
2020-04-03+6,673→ 6,673 total→ Common Stock (6,673 underlying) - Tax Payment
Common Stock
2020-04-03$49.93/sh−796$39,744→ 29,350 total - Award
Restricted Stock Units
2020-04-03+4,469→ 17,929 total→ Common Stock (4,469 underlying)
Footnotes (5)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of June 9, 2019, as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated as of March 9, 2020, by and between United Technologies Corporation ("UTC") and Raytheon Company ("Raytheon") (the "Merger Agreement"), on April 3, 2020 (the "Closing Date"), Raytheon became a wholly owned subsidiary of UTC, with UTC becoming Raytheon Technologies Corporation. Pursuant to the Merger Agreement, on the Closing Date, each share of Raytheon Common Stock held by the reporting person was converted automatically into 2.3348 shares of UTC Common Stock.
- [F2]Includes (1) 2,552 restricted shares of RTX Common Stock that were converted from restricted shares of Raytheon Common Stock granted on March 21, 2018, (2) 3,761 restricted shares of RTX Common Stock that were converted from restricted shares of Raytheon Common Stock granted on March 20, 2019, and (3) 4,677 restricted shares of RTX Common Stock that were converted from restricted shares of Raytheon Common Stock granted on March 25, 2020, pursuant to the terms of the Merger Agreement. All such shares continue to vest in one-third increments on each of the second, third and fourth anniversaries of their original date of grant, as applicable.
- [F3]Represents RTX restricted stock units ("RSUs") that, pursuant to the terms of the Merger Agreement, were converted from Raytheon performance-based vesting restricted stock units granted on January 24, 2018 under the 2018-2020 Long-Term Performance Plan. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.
- [F4]Represents RTX RSUs that, pursuant to the terms of the Merger Agreement, were converted from Raytheon performance-based vesting restricted stock units granted on January 30, 2019 under the 2019-2021 Long-Term Performance Plan. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.
- [F5]Represents RTX RSUs that, pursuant to the terms of the Merger Agreement, were converted from Raytheon performance-based vesting restricted stock units granted on January 29, 2020 under the 2020-2022 Long-Term Performance Plan. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.
Documents
Issuer
RAYTHEON TECHNOLOGIES CORP
CIK 0000101829
Entity typeother
Related Parties
1- filerCIK 0001377272
Filing Metadata
- Form type
- 4
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 12:30 PM ET
- Size
- 15.1 KB