Johnson Amy L 4

What Happened

• Amy L. Johnson, Senior Vice President and Controller of RTX Corp (RTX), received equity awards on Feb 11, 2026. The filing reports two derivative grants: 1,375 Restricted Stock Units (RSUs) granted with no cash paid at grant, and 8,600 Stock Appreciation Rights (SARs) with a grant/reference price of $196.51 (aggregate grant value reported as $1,689,986). These are awards, not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13.
• Awards reported:
  • 1,375 RSUs @ $0.00 (no cash paid at grant). Per filing footnote, each RSU (including dividend equivalents) converts to one share and vests on the third anniversary of the grant.
  • 8,600 SARs with a $196.51 reference price; aggregate grant value shown as $1,689,986. These SARs are derivative awards that pay the appreciation in RTX stock price if/when vested and exercised.
• Shares owned after the transaction: not specified in the filing.
• Additional awards (mentioned in footnote): the reporting person was also awarded 2,750 Performance Share Units (PSUs) that are separate from the SARs; PSUs vest only upon meeting multi-year performance goals (ROIC, EPS growth and relative TSR over a three-year performance period).

Context

• RSUs and PSUs are time- or performance-based awards that convert to shares only if vesting conditions are met; they do not represent immediate common-stock ownership or open-market purchases.
• SARs are derivative awards tied to stock appreciation; payout depends on future stock performance and vesting rules (vesting schedule for these SARs was not specified in the filing).
• These entries are awards (code "A" on the Form 4) and are routine executive compensation disclosures rather than purchases or sales indicating a current market sentiment.