Eddy Shane G 4

What Happened

• Eddy Shane G, President of Pratt & Whitney (a business of RTX Corp), reported two transactions: a grant of stock appreciation rights (SARs) and an open-market sale of common shares. On 2026-02-11 he was awarded 28,600 SARs priced at $196.51 each (derivative award, total reported value $5,620,186). On 2026-02-12 he disposed of 17,527 RTX shares at a weighted-average price of $199.16 per share (total proceeds ~$3,490,746).

Key Details

• Transaction types: A = Award/Grant (28,600 SARs); S = Sale (17,527 shares).
• Grant date / report date: SARs granted 2026-02-11 (reported 2026-02-13).
• Sale date: 2026-02-12; reported weighted-average sale price $199.16 (range $199.1624–$199.28 per F1).
• Amounts and values: 28,600 SARs @ $196.51 = $5,620,186 (derivative); 17,527 shares sold @ $199.16 ≈ $3,490,746.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 notes the sale price is a weighted average across multiple same-day trades; full per-trade details are available from the SEC/issuer on request. F2 clarifies the 28,600 number covers only SARs with these grant terms and excludes an additional award of 13,740 performance share units (PSUs) that vest only upon meeting multi-year performance targets (ROIC, EPS growth, and relative TSR).
• Filing timeliness: Report filed 2026-02-13 for transactions on 2026-02-11 and 02-12 — within the typical 2-business-day Form 4 window (not reported as late).

Context

• SARs are derivative awards that pay the holder the amount of any appreciation in the stock price (cash or stock) and do not immediately equal common shares; the SAR grant is an award, not an open-market purchase. The sale appears to be an open-market disposal (weighted-average pricing across multiple trades). As always, sales can be routine (tax planning or diversification) and grants are compensation — the filing is factual and does not indicate the insider’s motivation.