Mitchill Neil G. JR 4

What Happened

• Neil G. Mitchill Jr., Chief Financial Officer of RTX Corp (RTX), was granted 47,600 stock appreciation rights (SARs) on 2026-02-11. The SARs are reported at a grant price of $196.51 per share, with a reported grant value of $9,353,876. This transaction is an award (not an open-market purchase or sale) of a derivative award that yields value if RTX’s stock rises above the grant price.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely within the 2-business-day reporting window).
• Award: 47,600 SARs at $196.51 (aggregate reported value $9,353,876).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The filing notes an additional award of 22,900 performance share units (PSUs) not included in the SAR count. PSUs vest only if pre-established performance goals for return on invested capital, EPS growth, and total shareholder return vs. the S&P 500 and aerospace & defense peers are met over a three‑year period.
• Transaction type code on Form 4: A = Award/Grant (derivative).

Context

• SARs are derivative awards that give the holder the right to receive the appreciation in stock value (often settled in stock or cash) if the share price exceeds the grant price at vesting/exercise; they do not represent current share ownership until settled. PSUs are performance‑based and only convert to shares (or equivalent value) if performance targets are met over the specified period. This filing documents compensation awards rather than an insider buying or selling shares.