Austin Lloyd J. III 4
4 · UNITED TECHNOLOGIES CORP /DE/ · Filed May 1, 2019
Insider Transaction Report
Form 4
Austin Lloyd J. III
Director
Transactions
- Award
Phantom Stock Unit
2019-04-29$142.12/sh+1,435.407$204,000→ 6,569.411 total→ Common Stock (1,435.407 underlying)
Footnotes (1)
- [F1]The reporting person acquired these stock units under the United Technologies Corporation Board of Directors Deferred Stock Unit Plan (the Plan) in connection with the reporting person's annual compensation for service as a non-employee director. The Plan provides for payment of a portion or all of the annual compensation in deferred stock units. Upon retirement or termination, the deferred stock units in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.