Atherton Lisa M 4

What Happened

Lisa M. Atherton, President & CEO and a director of Textron (TXT), exercised 7,600 stock options on Feb 13, 2026 by paying $34.50 per share (cost $262,200) and immediately sold those 7,600 shares in the open market at $98.68 each (gross proceeds $749,968). The sale generated roughly $487,768 in gross proceeds above the exercise cost. On the same date she also made a gift of 2,532 Textron shares (no proceeds).

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (timely given the holiday-adjusted 2-business-day reporting window).
• Exercise: 7,600 shares at $34.50 each — total exercise cost $262,200.
• Sale: 7,600 shares at $98.68 each — total proceeds $749,968.
• Gift: 2,532 shares (no cash received).
• Derivative reporting: filing lists a related derivative conversion/disposition entry for the exercised options.
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: options vested in three equal annual installments beginning March 1, 2017; granted under the Textron Inc. 2015 Long-Term Incentive Plan.

Context

• This was effectively a same-day exercise and sale (cashless-style outcome): options were exercised and the resulting shares were sold the same day, so the insider did not retain those 7,600 shares.
• Gifts are personal transfers and generally do not signal a trading opinion about the stock.
• The options used were long-vested (vesting began in 2017) and were granted under Textron’s 2015 LTIP.