Scott C. Donnelly - Feb 14, 2024 Form 4 Insider Report for TEXTRON INC (TXT)

Role
Chairman, President & CEO, Director
Signature
/s/ Jayne M. Donegan, Attorney-in-Fact
Stock symbol
TXT
Transactions as of
Feb 14, 2024
Transactions value $
-$20,570,955
Form type
4
Date filed
2/16/2024, 04:31 PM
Previous filing
Jan 4, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXT Common Stock Options Exercise $8.62M +195K +28.39% $44.31 880K Feb 14, 2024 Direct
transaction TXT Common Stock Sale -$16.8M -195K -22.12% $86.38 685K Feb 14, 2024 Direct F1
transaction TXT Common Stock Options Exercise $8.23M +239K +34.82% $34.50 924K Feb 15, 2024 Direct
transaction TXT Common Stock Sale -$20.6M -239K -25.83% $86.41 685K Feb 15, 2024 Direct F2
holding TXT Common Stock 7.08K Feb 14, 2024 Held on behalf of Reporting Person by the Textron Savings Plan (as of 02/14/2024)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TXT Employee Stock Option (Right to Buy) Options Exercise $0 -195K -100% $0.00* 0 Feb 14, 2024 Common Stock 195K $44.31 Direct F3, F4
transaction TXT Employee Stock Option (Right to Buy) Options Exercise $0 -239K -100% $0.00* 0 Feb 15, 2024 Common Stock 239K $34.50 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.02 to $86.94, inclusive. The Reporting Person undertakes to provide to Textron Inc., any security holder of Textron Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated above.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.17 to $87.00, inclusive. The Reporting Person undertakes to provide to Textron Inc., any security holder of Textron Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated above.
F3 The option vested in three (3) equal annual installments beginning on March 1, 2016.
F4 Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.
F5 The option vested in three (3) equal annual installments beginning on March 1, 2017.
F6 Issued pursuant to the Textron Inc. 2015 Long-Term Incentive Plan.