Scott C. Donnelly - Feb 21, 2023 Form 4 Insider Report for TEXTRON INC (TXT)

Role
Chairman, President & CEO, Director
Signature
/s/ Emiko Sutton, Attorney-in-Fact
Stock symbol
TXT
Transactions as of
Feb 21, 2023
Transactions value $
-$7,481,115
Form type
4
Date filed
2/23/2023, 04:36 PM
Previous filing
Mar 24, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXT Common Stock Options Exercise $8.83M +222K +32.54% $39.70 905K Feb 21, 2023 Direct
transaction TXT Common Stock Sale -$14.6M -199K -21.96% $73.26 707K Feb 21, 2023 Direct F1, F2
transaction TXT Common Stock Sale -$1.74M -23.4K -3.32% $74.08 683K Feb 21, 2023 Direct F1, F3
holding TXT Common Stock 6.85K Feb 21, 2023 Held on behalf of the Reporting Person by the Textron Savings Plan (as of 2/21/2023).

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 -222K -100% $0.00* 0 Feb 21, 2023 Common Stock 222K $39.70 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.87 to $73.82, 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.87 to $74.49, 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.
F4 The option vested in three (3) equal annual installments, beginning on March 1, 2014.
F5 Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.