E. Robert Lupone - Mar 1, 2022 Form 4 Insider Report for TEXTRON INC (TXT)

Role
EVP, General Counsel and Secy
Signature
/s/ Emiko Sutton, Attorney-in-Fact
Stock symbol
TXT
Transactions as of
Mar 1, 2022
Transactions value $
-$1,149,105
Form type
4
Date filed
3/3/2022, 06:15 PM
Previous filing
Jan 5, 2022
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXT Common Stock Award $0 +4.95K +5.3% $0.00 98.4K Mar 1, 2022 Direct
transaction TXT Common Stock Tax liability -$169K -2.38K -2.42% $71.07 96K Mar 1, 2022 Direct
transaction TXT Common Stock Options Exercise $1.18M +29.8K +30.99% $39.70 126K Mar 2, 2022 Direct
transaction TXT Common Stock Sale -$2.16M -29.8K -23.66% $72.63 96K Mar 2, 2022 Direct F1, F2
holding TXT Common Stock 5.01K Mar 1, 2022 Shares held on behalf of the Reporting Person by the Textron Savings Plan (as of 03/01/2022).

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) Award $0 +18.5K $0.00 18.5K Mar 1, 2022 Common Stock 18.5K $71.07 Direct F3, F4
transaction TXT Employee Stock Option (Right to Buy) Options Exercise $0 -29.8K -100% $0.00* 0 Mar 2, 2022 Common Stock 29.8K $39.70 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 $72.58 to $72.84, 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 Total includes shares acquired in dividend reinvestment transactions not required to be reported.
F3 The option vests in three (3) equal annual installments, beginning on 03/01/2023.
F4 Issued pursuant to the Textron Inc. 2015 Long-Term Incentive Plan.
F5 The option vested in three (3) equal annual installments, beginning on 03/01/2015.
F6 Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.