Frank T. Connor - Feb 21, 2023 Form 4 Insider Report for TEXTRON INC (TXT)

Role
Executive Vice President & CFO
Signature
/s/ Emiko Sutton, Attorney-in-Fact
Stock symbol
TXT
Transactions as of
Feb 21, 2023
Transactions value $
-$2,132,303
Form type
4
Date filed
2/23/2023, 04:36 PM
Previous filing
Jan 5, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXT Common Stock Options Exercise $2.52M +63.4K +41.83% $39.70 215K Feb 21, 2023 Direct
transaction TXT Common Stock Sale -$4.15M -56.7K -26.4% $73.27 158K Feb 21, 2023 Direct F1, F2
transaction TXT Common Stock Sale -$493K -6.65K -4.21% $74.08 151K Feb 21, 2023 Direct F1, F3
holding TXT Common Stock 26.4K Feb 21, 2023 By trust
holding TXT Common Stock 5.47K Feb 21, 2023 Held on behalf of the Reporting Person by the Textron Savings Plan (as of 02/21/2023.

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 -63.4K -100% $0.00* 0 Feb 21, 2023 Common Stock 63.4K $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 on 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 $73.84, 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, with full information regarding the number of shares sold at each separate price within the range set forth above.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.915 to $74.51, 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, with full information regarding the number of shares sold at each separate price within the range set forth 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.