RTX Corp·4

Feb 10, 5:18 PM ET

Brunk Troy D 4

4 · RTX Corp · Filed Feb 10, 2026

Research Summary

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RTX President Troy Brunk Receives 3,483-Share PSU Award

What Happened

  • Troy D. Brunk, President of Collins Aerospace (RTX), had 3,483 performance share units (PSUs) vest on Feb 8, 2026, reported on Form 4 filed Feb 10, 2026. The award is reported at $198.66 per share for a total value of $691,933. The PSUs vested at 146% of target based on a three‑year performance period ending Dec 31, 2025.
  • The filing also shows conversion/exercise entries for 2,442 derivative units recorded at $0 (reported as both acquired and disposed), indicating a non‑cash conversion/settlement of derivative awards. Tax withholding reduced the delivered shares: 104.26 shares (value $20,712) were withheld in connection with the PSU vesting, and 631 shares (value $125,354) were withheld in connection with vested RSUs.

Key Details

  • Transaction date: 2026-02-08; Form 4 filed: 2026-02-10.
  • Primary award: 3,483 PSUs vested at $198.66/share = $691,933; payout was 146% of target (performance period 2/8/2023–12/31/2025).
  • Deferred shares: reporting person elected to defer receipt of most vested PSUs into 3,378.74 deferred stock units (DSUs) that settle in shares (net after tax withholding).
  • Tax withholding: 104.26 shares withheld for PSU taxes ($20,712) and 631 shares withheld for RSU taxes ($125,354); total tax withholding shown = ~$146,066.
  • Derivative activity: 2,442 derivative units reported as exercised/converted at $0 and also disposed as derivatives — indicates non‑cash settlement/conversion (no cash paid or received).
  • Shares owned after transaction: Not specified in the information provided on the filing.
  • Filing timing: Reported two days after the transaction date; filing does not indicate untimely or late status.

Context

  • These transactions are vestings and conversions of compensation awards (PSUs/RSUs/deferred units), not open‑market purchases or sales for investment. Tax withholding and elections to defer receipt into DSUs are routine for executive compensation and do not by themselves indicate buying or selling intent.
  • The PSU payout at 146% reflects that RTX met the specified multi‑year performance goals (ROIC, EPS growth, and TSR vs peers).

Insider Transaction Report

Form 4
Period: 2026-02-08
Brunk Troy D
President, Collins Aerospace
Transactions
  • Award

    Common Stock

    [F1]
    2026-02-08$198.66/sh+3,483$691,9338,848.976 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-02-08+2,44211,290.976 total
  • Tax Payment

    Common Stock

    [F3]
    2026-02-08$198.66/sh104.26$20,71211,186.716 total
  • Tax Payment

    Common Stock

    2026-02-08$198.66/sh631$125,35410,555.716 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F4]
    2026-02-082,44231,516 total
    Common Stock (2,442 underlying)
Holdings
  • Common Stock

    (indirect: By Trust)
    2,594
Footnotes (4)
  • [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, 2023, 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, 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, which ended on December 31, 2025. The performance criteria were satisfied at the 146% 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 3,378.74 deferred stock units (the net amount following tax withholding from the 3,483 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, 2023.
Signature
/s/ Jennifer Yahl, as Attorney-in-fact|2026-02-10

Documents

1 file
  • 4
    doc4.xmlPrimary