Brunk Troy D 4

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).