Duffy Julie G 4

What Happened Julie G. Duffy, Executive Vice President and Chief Human Resources Officer of Textron Inc. (TXT), received equity awards on March 1, 2026 and had 1,864 shares withheld to satisfy an exercise price or tax liability. The filing shows an issuance/acquisition of 3,916 shares at $0.00 and a derivative award for 13,369 shares at $0.00; separately, 1,864 shares were disposed (withheld) at $98.65 per share for $183,884.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
• Reported items:
  • Award/acquisition: 3,916 shares @ $0.00 (code A).
  • Derivative grant: 13,369 shares @ $0.00 (code A, derivative).
  • Tax/exercise payment: 1,864 shares disposed @ $98.65 = $183,884 (code F).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Footnotes:
  • F1: The option vests in three equal annual installments beginning March 1, 2027.
  • F2: Issued pursuant to the Textron Inc. 2024 Long-Term Incentive Plan.
• No open-market sale reported — the 1,864-share disposition appears to be company withholding to satisfy tax or exercise obligations, not a public sale.

Context This filing primarily documents routine equity compensation activity (award grants and share withholding to cover taxes/exercise costs). The derivative award includes a vesting schedule (starts March 1, 2027, over three years), indicating future vesting conditions rather than immediately marketable shares. Such withholdings are common and typically reflect tax/payment mechanics rather than a decision to liquidate shares on the market.