RTX (RTX) Senior VP Amy Johnson Exercises Awards and Sells Shares

What Happened
Amy L. Johnson, Senior Vice President and Controller of RTX, reported a mix of awards vesting, derivative exercises and share disposals on Feb 8–10, 2026. Key reported items:

• Vesting of performance share units (PSUs): 3,366 shares were delivered at $198.66 each (value reported $668,690). Footnote confirms PSUs awarded 2/8/2023 vested at 146% of target based on multi‑year performance.
• Exercises / conversions: multiple derivative exercises/settlements totaling 18,253 underlying shares (3,935; 10,118; 4,200), with reported dollar values for some exercises (10,118 @ $90.73 = $918,006; 4,200 @ $72.49 = $304,458). Some SAR/derivative activity is reported with $0 acquisition value per filing mechanics (see footnote F3).
• Share disposals: shares were surrendered/used to cover tax liabilities (1,141 and 1,469 shares at $198.66) and shares were sold — 6,230 shares disposed to the issuer ($1,222,264) and 8,088 shares sold in the open market for $195.03 each (~$1,577,403). Overall, roughly 21.6K shares were acquired (awards + conversions) and ~16.9K shares were disposed in connection with withholding, issuer settlement, and open‑market sale.

Key Details

• Transaction dates: primarily Feb 8, 2026 (vesting/tax withholding) and Feb 10, 2026 (exercises and sales). Form filed Feb 10, 2026 (appears timely).
• Material prices and values reported: PSU delivery @ $198.66 (3,366 shares = $668,690); exercise entries reported $90.73 (10,118 shares = $918,006) and $72.49 (4,200 shares = $304,458); open‑market sale 8,088 shares @ $195.03 (~$1,577,403).
• Shares owned after the reported transactions: not specified in the provided summary (see full Form 4 for post‑transaction holdings).
• Notable footnotes:
  • F2: PSUs awarded 2/8/2023 vested based on performance; payout at 146% of target.
  • F1/F4: Time‑based RSUs vested and delivered (RSU mechanics).
  • F3: SARs were settled in shares and, for reporting, the SAR exercise is treated as an acquisition with a simultaneous sale back to the issuer (cashless‑style settlement).
  • F transactions labeled “F” denote shares surrendered to cover tax liability.
• Filing timeliness: Form 4 filed on Feb 10 for transactions dated Feb 8–10; this appears to meet the normal two‑business‑day reporting requirement.

Context

• This is a mixed activity filing: the insider received vested awards (acquisitions) and exercised/converted derivatives, then surrendered shares for taxes and sold shares (including an open‑market sale). Derivative settlements and simultaneous share transfers to the issuer (per F3) are routine mechanics of SAR/option settlements and tax withholding — they do not by themselves indicate a change in insider confidence.
• For retail investors: award vesting (PSUs/RSUs) is usually compensation realization; purchases would be stronger bullish signals than routine vesting+withholding+sales. All amounts and mechanics above are as reported on the Form 4; see the filing for complete share‑count and holding details.