Roy Azevedo - Feb 15, 2022 Form 4 Insider Report for RAYTHEON TECHNOLOGIES CORP (RTX)

Role: President, RIS
Signature: /s/ Dana Ng as Attorney-In-Fact
Stock symbol: RTX
Transactions as of: Feb 15, 2022
Transactions value $: $9,093,668
Form type: 4
Date filed: 2/17/2022, 04:15 PM
Previous filing: Feb 1, 2022
Next filing: Mar 23, 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	RTX	Stock Appreciation Right	Award	$9.09 M	+96.7 K		$94.04	96.7 K	Feb 15, 2022	Common Stock	96.7 K	$94.04	Direct	F1

Explanation of Responses:

Id	Content
F1	This number reflects only stock appreciation rights (SARs) with these specific grant details and does not include other SARs. In addition to the SARs and not included in this number, the reporting person was also awarded 31,905 performance share units (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, earnings per share growth and total shareholder return relative to the S&P 500 and aerospace & defense peer companies over a three year performance period.

Content

This number reflects only stock appreciation rights (SARs) with these specific grant details and does not include other SARs. In addition to the SARs and not included in this number, the reporting person was also awarded 31,905 performance share units (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, earnings per share growth and total shareholder return relative to the S&P 500 and aerospace & defense peer companies over a three year performance period.