Michael R. Dumais - May 20, 2021 Form 4 Insider Report for RAYTHEON TECHNOLOGIES CORP (RTX)

Signature
/s/ Dana Ng as Attorney-In-Fact
Stock symbol
RTX
Transactions as of
May 20, 2021
Transactions value $
-$792,236
Form type
4
Date filed
5/24/2021, 05:04 PM
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RTX Common Stock Options Exercise $1.12M +18K +31.93% $62.41 74.4K May 20, 2021 Direct F1
transaction RTX Common Stock Sale -$400K -4.72K -6.35% $84.64 69.7K May 20, 2021 Direct F2
transaction RTX Common Stock Disposed to Issuer -$1.12M -13.3K -19.06% $84.60 56.4K May 20, 2021 Direct
transaction RTX Common Stock Options Exercise $1.03M +16.5K +29.23% $62.41 72.9K May 24, 2021 Direct F1
transaction RTX Common Stock Sale -$393K -4.55K -6.25% $86.27 68.3K May 24, 2021 Direct F3
transaction RTX Common Stock Disposed to Issuer -$1.03M -11.9K -17.46% $86.23 56.4K May 24, 2021 Direct
holding RTX Common Stock 1.85K May 20, 2021 By Savings Plan Trustee

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 RTX Stock Appreciation Right Options Exercise $0 -18K -52.21% $0.00 16.5K May 20, 2021 Common Stock 18K $62.41 Direct
transaction RTX Stock Appreciation Right Options Exercise $0 -16.5K -100% $0.00* 0 May 24, 2021 Common Stock 16.5K $62.41 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Stock Appreciation Rights (SARs) were settled in shares in accordance with the terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share. This Form 4 reflects the number of RTX shares underlying, and the applicable exercise price, of this SARs award after giving effect to the separation of Otis Worldwide Corporation and Carrier Global Corporation from United Technologies Corporation (UTC) on April 3, 2020 (after which UTC completed its merger of equals with Raytheon Company to form RTX).
F2 The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $84.635 to $84.637 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request.
F3 The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $86.2701 to $86.2800 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request.