Lupone E Robert 4

What Happened

• E. Robert Lupone, Executive Vice President, General Counsel & Secretary of Textron Inc., exercised stock options to acquire 28,056 shares on 2026-02-17 at an exercise price of $49.58 per share (total cost $1,391,016) and then sold all 28,056 shares in open-market transactions the same day for a weighted average price of $98.84 per share (total proceeds $2,773,156). Net proceeds before fees and taxes were about $1.38M.

Key Details

• Transaction date: 2026-02-17 (reported on Form 4 filed 2026-02-18).
• Exercise (code M): 28,056 shares at $49.58 — $1,391,016 total.
• Sale (code S): 28,056 shares at weighted average $98.84 — $2,773,156 total. Reported sale prices ranged $98.555–$98.960 (footnote F1).
• Footnotes: F1 = weighted average sale price and range; F2 = options vested in three equal annual installments beginning March 1, 2018; F3 = issued under Textron Inc. 2015 Long-Term Incentive Plan.
• Shares owned after the transactions: not specified in the information provided in this summary — see the full Form 4 for post-transaction ownership.
• Timeliness: filing indicates a late report (L); the Form 4 was filed the day after the transactions.

Context

• This is an option exercise with an immediate open-market sale (a cashless or sell-upon-exercise pattern): the insider realized the spread between the $49.58 exercise price and the ~$98.84 sale price.
• Sales by executives are often routine (e.g., to cover exercise costs, taxes, or for diversification); this report shows realized proceeds but does not, by itself, indicate company outlook.
• For full detail (exact post-transaction holdings, number of trades at each price, and any company disclosures), consult the complete Form 4 filing.