Duffy Julie G 4

What Happened
Julie G. Duffy, EVP and Chief Human Resources Officer of Textron Inc., exercised options to acquire 19,857 shares at $51.56 per share (total cost $1,023,827) and then sold those 19,857 shares in the open market on Feb 13, 2026 for a weighted average price of $98.70 per share (total proceeds ~$1,959,842). The filing shows an additional derivative conversion/disposition entry for the same 19,857 shares (price N/A), reflecting the option-to-share conversion.

Key Details

• Transaction date: February 13, 2026
• Option exercise (code M): 19,857 shares @ $51.56 = $1,023,827
• Open-market sale (code S): 19,857 shares @ weighted avg $98.70 (range $98.670–$98.805) = $1,959,842 (see footnote F1 for price breakdown)
• Derivative conversion line (code M, price N/A) corresponds to conversion of options to shares
• Footnotes: F1 = weighted avg sale price and price range; F2 = options vested in three equal annual installments beginning March 1, 2022; F3 = issued under the Textron Inc. 2015 Long-Term Incentive Plan
• Shares owned after transaction: not specified in the provided summary (check the full Form 4 for post-transaction holdings)
• Filing timing: Report filed Feb 18, 2026 (five days after the trade date), which appears late vs. the usual Form 4 deadline (within 2 business days)

Context
This was effectively a cashless exercise: options were exercised and the resulting shares were sold the same day. Such transactions are commonly used to cover exercise costs and tax obligations and are routine for executives; they are sales rather than purchases and do not, by themselves, signal a change in insider sentiment. The options exercised were part of a prior LTIP grant that vested over time per the filing.