RTX Corp·4

Feb 10, 5:19 PM ET

Mitchill Neil G. JR 4

Research Summary

AI-generated summary

Updated

RTX CFO Neil G. Mitchill Jr. Receives Award; Sells for Taxes

What Happened
Neil G. Mitchill Jr., CFO of RTX Corp (RTX), had 42,618 shares issued to him on Feb 8, 2026 as the vesting of performance share units (PSUs), valued at $198.66/share (total $8,466,492). On the same date, 19,087 shares were surrendered/sold at $198.66/share to satisfy tax withholding obligations (total $3,791,823). The net result was an acquisition of shares via an award with a routine tax-related disposition.

Key Details

  • Transaction date: 2026-02-08; Form filed: 2026-02-10 (timely filing within standard Form 4 window).
  • Awarded/Acquired: 42,618 shares @ $198.66 = $8,466,492 (Transaction code A).
  • Disposed/Withheld for taxes: 19,087 shares @ $198.66 = $3,791,823 (Transaction code F).
  • Shares owned after transaction: not specified in the filing.
  • Footnote: These shares came from PSUs granted Feb 8, 2023 that vested based on multi-year performance metrics; the performance payout was 146% of target (see footnote F1).
  • No indication of a 10b5-1 plan or other pre-arranged trading plan in the filing.

Context

  • This was not an open-market purchase or a discretionary sell; the acquisition reflects PSU vesting tied to performance goals. The sale of 19,087 shares was a tax-withholding/disposition to satisfy tax liabilities (routine practice when equity awards vest).
  • PSUs vest based on company performance (ROIC, EPS growth, and TSR vs peers); here they vested above target (146%), increasing the award amount.