Calio Christopher T. 4

What Happened
Christopher T. Calio, Chairman, President and CEO of RTX Corp, exercised Stock Appreciation Rights (SARs) for 31,199 shares on Feb 19, 2026 (exercise price reported as $76.00 per share, aggregate $2,371,124) and executed multiple share dispositions the same day. He sold a total of 75,172 shares in several transactions (open-market and a disposition to the issuer) generating approximately $15,326,227 in gross proceeds. One portion of the SAR settlement was treated as a simultaneous sale back to the issuer.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (filed within the SEC’s two-business-day window).
• Acquired (via SAR exercise): 31,199 shares at $76.00 — $2,371,124 total.
• Dispositions same day (total sold = 75,172 shares; total proceeds ≈ $15,326,227):
  • 1,041 shares @ $205.25 = $213,670 (open market) — weighted prices ranged $204.11–$205.09 for some lots.
  • 11,420 shares @ $204.70 = $2,337,716 (open market).
  • 11,604 shares @ $204.33 = $2,371,045 (disposition to the issuer).
  • 51,107 shares @ $203.57 = $10,403,796 (open market) — weighted prices ranged $203.09–$204.08 for some lots.
• Footnote summary: SARs were settled in shares and, for Section 16 reporting, treated as an acquisition at the SAR exercise price with a simultaneous sale back to the issuer of shares having a value equal to SARs × exercise price (see F1). Reported sale prices are weighted averages across multiple same‑day trades (F2, F3).
• Shares owned after transaction: not specified in the filing.

Context

• This was an exercise of SARs followed by immediate sales (a form of cashless/settlement transaction): the filing treats the SAR exercise as an acquisition and the corresponding share transfers/sales separately.
• Sales by executives are common for liquidity, tax or compensation-settlement reasons; the filing is factual and does not indicate motive.