Wood Michael J 4
4 · RAYTHEON CO/ · Filed Apr 8, 2020
Insider Transaction Report
Form 4
RAYTHEON CO/RTN
Wood Michael J
VP & Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2020-04-03−12,912→ 0 total - Disposition to Issuer
Performance Stock Units
2020-04-03−2,858→ 4,821 total→ Common Stock (2,858 underlying) - Disposition to Issuer
Performance Stock Units
2020-04-03−1,914→ 0 total→ Common Stock (1,914 underlying) - Disposition to Issuer
Performance Stock Units
2020-04-03−2,907→ 1,914 total→ Common Stock (2,907 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 7,437 restricted shares of Raytheon Common Stock that were converted into shares of UTC Common Stock and 5,475 restricted shares of Raytheon Common Stock that were converted into awards of restricted shares of UTC Common Stock, in each case pursuant to the terms of the Merger Agreement.
- [F3]Represents performance-based restricted stock units ("PSUs") earned at a specific level pursuant to the term of the Merger Agreement and which had not been previously reported. The PSUs were originally granted under the 2018-2020 Long-Term Performance Plan. The PSUs were converted into an award of time-vesting UTC RSUs pursuant to the terms of the Merger Agreement.
- [F4]Represents PSUs earned at a specific level pursuant to the term of the Merger Agreement and which had not been previously reported. The PSUs were originally granted under the 2019-2021 Long-Term Performance Plan. The PSUs were converted into an award of time-vesting UTC RSUs pursuant to the terms of the Merger Agreement.
- [F5]Represents PSUs earned at a specific level pursuant to the term of the Merger Agreement and which had not been previously reported. The PSUs were originally granted under the 2020-2022 Long-Term Performance Plan. The PSUs were converted into an award of time-vesting UTC RSUs pursuant to the terms of the Merger Agreement.