Amy L. Johnson - Sep 1, 2021 Form 3 Insider Report for RAYTHEON TECHNOLOGIES CORP (RTX)

Role
Corporate VP and Controller
Signature
/s/ Dana Ng as Attorney-In-Fact
Stock symbol
RTX
Transactions as of
Sep 1, 2021
Transactions value $
$0
Form type
3
Date filed
9/10/2021, 05:08 PM
Next filing
Feb 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RTX Common Stock 4.06K Sep 1, 2021 Direct
holding RTX Common Stock 2K Sep 1, 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
holding RTX Restricted Stock Units Sep 1, 2021 Common Stock 1.89K Direct F1
holding RTX Restricted Stock Units Sep 1, 2021 Common Stock 2.43K Direct F1
holding RTX Restricted Stock Units Sep 1, 2021 Common Stock 2.31K Direct F1
holding RTX SRP Stock Unit Sep 1, 2021 Common Stock 108 Direct F2
holding RTX Stock Appreciation Right Sep 1, 2021 Common Stock 5.73K $71.62 Direct F3
holding RTX Stock Appreciation Right Sep 1, 2021 Common Stock 4.2K $72.49 Direct F4
holding RTX Stock Appreciation Right Sep 1, 2021 Common Stock 8.77K $76.00 Direct
holding RTX Stock Appreciation Right Sep 1, 2021 Common Stock 3.15K $82.35 Direct
holding RTX Stock Appreciation Right Sep 1, 2021 Common Stock 10.1K $90.73 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU"), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of RTX Common Stock.
F2 Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of RTX common stock. The reported SRP stock units were acquired under legacy United Technologies Corporation's Savings Restoration Plan, an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service.
F3 In February 2019, in addition to the stock appreciation rights ("SARs") and not included in this number, the reporting person was also awarded performance share units ("PSUs") under the legacy United Technologies Corporation Long-Term Incentive Plan. Following 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), these PSUs were converted to RSUs and relate to 1,028 shares of RTX Common Stock. Each RSU represents the right to receive one share of RTX Common Stock.
F4 In February 2021, in addition to the SARs and not included in this number, the reporting person was also awarded 1,370 PSUs under the RTX Long-Term Incentive Plan. Each PSU has a value equal to one share of RTX Common Stock. These PSUs vest solely upon achievement of pre-established performance goals for RTX's return on invested capital ("ROIC"), earnings per share ("EPS") growth and total shareholder return ("TSR") relative to the S&P 500 and aerospace & defense peer companies. The performance period for EPS growth and ROIC is one-year, followed by a two-year holding period. Both TSR goals have a three-year performance period.

Remarks:

johnson-poa_09012021.txt