Gregory Hayes - Dec 2, 2022 Form 4 Insider Report for RAYTHEON TECHNOLOGIES CORP (RTX)

Role: Chairman and CEO, Director
Signature: /s/ Michelle G. Gewandter, as Attorney-In-Fact
Stock symbol: RTX
Transactions as of: Dec 2, 2022
Transactions value $: -$422,317
Form type: 4
Date filed: 12/6/2022, 04:05 PM
Previous filing: Dec 2, 2022
Next filing: Jan 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RTX	Common Stock	Options Exercise	$5.09M	+60.9K	+15.33%	$83.58	458K	Dec 2, 2022	Direct	F1
transaction	RTX	Common Stock	Sale	-$422K	-4.26K	-0.93%	$99.16	454K	Dec 2, 2022	Direct
transaction	RTX	Common Stock	Disposed to Issuer	-$5.09M	-51.3K	-11.3%	$99.22	402K	Dec 2, 2022	Direct
holding	RTX	Common Stock						1.1K	Dec 2, 2022	By Children's Trust Accounts
holding	RTX	Common Stock						12.3K	Dec 2, 2022	By Savings Plan Trustee
holding	RTX	Common Stock						874	Dec 2, 2022	By Spouse
holding	RTX	Common Stock						2.76K	Dec 2, 2022	By Spouse's Savings Plan Account

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	-60.9K	-100%	$0.00^*	0	Dec 2, 2022	Common Stock	60.9K	$83.58	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.

Content

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.