4//SEC Filing
Timm Stephen J. 4
Accession 0001225208-24-001882
CIK 0000101829other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 5:56 PM ET
Size
19.4 KB
Accession
0001225208-24-001882
Insider Transaction Report
Form 4
RTX CorpRTX
Timm Stephen J.
President, Collins Aerospace
Transactions
- Award
Common Stock
2024-02-08$91.04/sh+41,428$3,771,605→ 58,496 total - Exercise/Conversion
Common Stock
2024-02-08+9,963→ 68,459 total - Tax Payment
Common Stock
2024-02-08$91.04/sh−518.31$47,187→ 67,940.69 total - Tax Payment
Common Stock
2024-02-08$91.04/sh−2,760$251,270→ 65,180.69 total - Tax Payment
Common Stock
2024-02-08$91.04/sh−9,369$852,954→ 55,811.69 total - Exercise/Conversion
Restricted Stock Units
2024-02-08−9,963→ 12,106 total→ Common Stock (9,963 underlying) - Award
Stock Appreciation Right
2024-02-08$91.04/sh+82,400$7,501,696→ 82,400 totalExercise: $91.04From: 2027-02-08Exp: 2034-02-07→ Common Stock (82,400 underlying)
Holdings
- 338(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]The acquisition of shares of RTX Common Stock represents the vesting of performance share units (PSUs) awarded to the reporting person on February 8, 2021, under the RTX Long-Term Incentive Plan. Each PSU has a value equal to one share of RTX Common Stock. These PSUs vested solely upon achievement of pre-established performance goals for RTX's return on invested capital and earnings per share growth over a one-year performance period, which ended on December 31, 2021 (followed by a two-year holding period), and total shareholder return relative to the S&P 500 and aerospace & defense peer companies over a three-year performance period, which ended on December 31, 2023. The performance criteria were satisfied at the 143% level.
- [F2]Time-based restricted stock units (RSUs) that represent the right to receive one share of the Issuer's Common Stock per unit.
- [F3]Includes 20,195.69 deferred stock units (the net amount following tax withholding from 20,714 deferred PSUs included in the acquisition reported in the footnote above). The reporting person previously elected to defer receipt of actual shares of common stock that otherwise would be received upon the vesting of these PSUs and instead acquired deferred stock units that settle exclusively in shares and are included in Table I as common stock equivalents. Each deferred stock unit has a value equal to one share of RTX Common Stock.
- [F4]Vesting of RSUs and delivery of shares with respect to the RSUs originally awarded on February 8, 2021.
- [F5]This number reflects only stock appreciation rights (SARs) with these specific grant details and does not include other SARs. In addition to the SARs and not included in this number, the reporting person was also awarded 29,660 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, earnings per share growth and total shareholder return relative to the S&P 500 and aerospace & defense peer companies over a three-year performance period.
Documents
Issuer
RTX Corp
CIK 0000101829
Entity typeother
Related Parties
1- filerCIK 0001803488
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 5:56 PM ET
- Size
- 19.4 KB