Bamford Mark S 4

What Happened

• Mark S. Bamford, Vice President & Corporate Controller of Textron Inc. (TXT), exercised stock options covering 17,809 shares (multiple exercises on Feb 13 & Feb 17, 2026) at strike prices $54.43, $51.56 and $40.60 (total exercise cost reported ≈ $854,440). He then sold shares in open-market transactions: 9,533 shares on Feb 13 for a weighted avg price $98.68 (≈ $940,726) and 19,808 shares on Feb 17 for a weighted avg price $97.96 (≈ $1,940,378). Total open-market proceeds were roughly $2.88 million. The filing also shows corresponding derivative disposals (reported at N/A), consistent with shares surrendered/withheld in connection with the exercises.

Key Details

• Transaction dates and prices:
  • Options exercised: Feb 13 & Feb 17, 2026 — strikes $54.43, $51.56, $40.60; reported exercise cost ≈ $854,440 for 17,809 shares.
  • Open-market sales: Feb 13, 2026 — 9,533 sh at weighted avg $98.68 (sale prices ranged $98.50–$99.18; F1) ≈ $940,726.
  • Open-market sales: Feb 17, 2026 — 19,808 sh at weighted avg $97.96 (sale prices ranged $97.73–$98.30; F2) ≈ $1,940,378.
  • Additional derivative disposals for the exercised lots are reported at N/A (typical for shares surrendered/withheld in connection with option exercises).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: options were issued under the Textron Inc. 2015 Long‑Term Incentive Plan (F4) with various vesting schedules noted (F3–F6). Weighted-average sale prices and price ranges are disclosed in F1 and F2.
• Filing timeliness: Form 4 filed on Feb 18, 2026 covering transactions through Feb 17, 2026 — within the usual reporting window.

Context

• This filing shows option exercises followed by open-market sales. When executives exercise options and then sell shares, it can reflect routine option-exercise/cashing procedures (including tax withholding or sale-to-cover). The filing is factual disclosure of the transactions; it does not provide explanations of the insider’s motivations.