Kennedy Thomas A 4
4 · RAYTHEON TECHNOLOGIES CORP · Filed Feb 10, 2021
Insider Transaction Report
Form 4
Kennedy Thomas A
DirectorExecutive Chairman
Transactions
- Award
Stock Appreciation Right
2021-02-08$72.49/sh+131,700$9,546,933→ 131,700 totalExercise: $72.49From: 2024-02-08Exp: 2031-02-07→ Common Stock (131,700 underlying) - Award
Restricted Stock Units
2021-02-08+28,970→ 334,780 total→ Common Stock (28,970 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of RTX Common Stock. These RSUs vest on the third anniversary of the date of grant.
- [F2]In addition to the stock appreciation rights (SARs) and not included in this number, the reporting person was also awarded 86,910 performance share units (PSUs) under the RTX Long-Term Incentive Plan. Each PSU has a value equal to one share of RTX Common Stock. These PSUs vest solely upon achievement of pre-established performance goals for RTX's return on invested capital (ROIC), earnings per share (EPS) growth and total shareholder return (TSR) relative to the S&P 500 and aerospace & defense peer companies. The performance period for EPS growth and ROIC is one-year, followed by a two-year holding period. Both TSR goals have a three-year performance period.