Calio Christopher T. 4

What Happened

• Christopher T. Calio, Chairman, President & CEO and a Director of RTX Corp (RTX), was granted 133,200 stock appreciation rights (SARs) on 2026-02-11 at a grant price of $196.51 per share, a listed aggregate value of $26,175,132. The award is reported as a derivative grant (code A).
• In addition to the SARs, Calio was awarded 64,120 performance share units (PSUs) under RTX’s Long-Term Incentive Plan. Each PSU equals one share of RTX common stock but vests only if pre-established performance goals are met.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely filing).
• SARs: 133,200 units; grant price: $196.51; reported aggregate value: $26,175,132.
• Additional award: 64,120 PSUs (value = one share each if they vest).
• Nature of transaction: Award/grant of derivatives (SARs) and performance-based equity (PSUs).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The SAR count reflects only SARs with these grant terms and excludes other SARs the reporting person may hold. PSUs vest only upon achievement of specified ROIC, EPS growth and total shareholder return targets versus the S&P 500 and aerospace & defense peers over a three-year performance period.

Context

• SARs are derivative awards that pay the appreciation in stock price above the grant price (in cash or shares) and do not represent immediate share purchases. PSUs are performance-contingent shares that convert to stock only if performance goals are met.
• Executive equity grants are a common element of long-term compensation and aim to align management incentives with company performance; they are not the same as an insider buying or selling stock in the open market.