Maharajh Ramsaran 4

What Happened
Maharajh Ramsaran, Executive Vice President and General Counsel of RTX Corp (RTX), was granted 25,400 stock appreciation rights (SARs) on 2026-02-11. The SARs are reported at $196.51 per share, with a total grant value of approximately $4,991,354. The filing also notes a separate award of 12,215 performance share units (PSUs) that are not included in the 25,400 SAR count.

Key Details

• Transaction type: Award/Grant of derivative securities (SARs).
• Date of transaction: 2026-02-11; Form 4 filed 2026-02-13 (appears timely — Form 4 is due within two business days).
• SARs granted: 25,400; reported price basis: $196.51; reported aggregate value: $4,991,354.
• Additional award: 12,215 PSUs (performance-based), not included in the SAR count.
• PSU vesting: contingent on pre-established performance goals for return on invested capital, EPS growth, and total shareholder return vs. the S&P 500 and aerospace & defense peers over a three-year performance period.
• Shares owned after transaction: Not specified in the provided filing.

Context
SARs are a form of long-term equity compensation that entitle the holder to the appreciation in the company’s stock price above a specified base amount; they are derivative awards and do not necessarily involve immediate transfer of common shares. PSUs are performance-conditioned awards that only convert to shares (or their cash equivalent) if specified multi-year targets are met. This filing documents an executive compensation grant rather than an open-market purchase or sale.