Lupone E Robert 4

What Happened

• Robert Lupone, EVP, General Counsel & Secretary of Textron Inc. (TXT), received equity awards on 2026-03-01 totaling 24,662 shares: a grant of 5,587 shares (issued shares) and a grant of 19,075 derivative awards (stock option/award) — both reported at $0.00 acquisition price. To satisfy tax withholding, 2,423 shares were surrendered/disposed at $98.65 each for proceeds of $239,029. These filings reflect awards issued under Textron’s 2024 Long-Term Incentive Plan and a routine tax-withholding disposition.

Key Details

• Transaction dates: March 1, 2026 (grants and withholding)
• Grant amounts: 5,587 shares (issued) + 19,075 derivative awards = 24,662 total shares awarded
• Withholding: 2,423 shares disposed at $98.65 each; total $239,029 withheld for taxes (transaction code F)
• Award plan: Issued pursuant to the Textron Inc. 2024 Long-Term Incentive Plan (footnote F2)
• Vesting note for derivative: the option/award vests in three equal annual installments beginning March 1, 2027 (footnote F1)
• Shares owned after the reported transactions: not specified in the excerpt of the filing
• Filing timeliness: Reported on Form 4 filed 2026-03-03 for transactions on 2026-03-01 (filed within the normal 2-business-day window)

Context

• The primary activity here is receipt of equity awards (code A) rather than an open-market purchase or sale. The 2,423-share disposition is a tax-withholding action (common when awards vest or are issued) and does not necessarily indicate a market sale. The 19,075-unit award is a derivative award that will vest over time (beginning March 1, 2027), so it is not immediately liquid.