DaSilva Kevin G 4
Research Summary
AI-generated summary
RTX Senior VP Kevin DaSilva Receives Award, Vests PSUs
What Happened
- Kevin G. DaSilva, Senior Vice President and Treasurer of RTX (RTX), had long-term awards vest on Feb 8, 2026. The filing shows an award (A) of 3,366 shares valued at $198.66/share (total ≈ $668,690) related to performance share units (PSUs).
- The filing also records the conversion/exercise of derivative awards (M) and routine tax-withholding dispositions (F): 52.94 shares ($10,517), 955 shares ($189,720) and 1,065 shares ($211,573) were surrendered to cover tax liabilities (total withholding value ≈ $411,810). Some award units were deferred into deferred stock units rather than immediate delivery of all shares.
Key Details
- Transaction date: Feb 8, 2026; Form 4 filed Feb 10, 2026 (timely within the usual 2-business-day window).
- Award line: 3,366 shares @ $198.66 = $668,690 (PSU vesting).
- Withholding (tax) dispositions: 52.94 / 955 / 1,065 shares at $198.66 (total ≈ $411,810).
- Derivative entries (M): 3,941 shares shown as exercised/converted at $0 (reflecting settlement of derivative/award instruments).
- Deferred units: Includes 956.06 deferred stock units (net after withholding) that settle exclusively in shares and are treated as common stock equivalents.
- Shares owned after the transactions: not specified in the information provided.
- Filing not marked late.
Context
- The PSU vesting was performance-based: PSUs awarded Feb 8, 2023 vested based on three-year goals (ROIC, EPS growth, TSR) and were paid out at 146% of target for the 3-year performance period ending Dec 31, 2025 (per footnote).
- Tax-withholding disposals are routine (cashless-like withholding) and do not necessarily indicate a decision to sell for investment reasons; deferred stock units reflect an election to delay delivery of some shares.