Kevin G. DaSilva - Feb 8, 2023 Form 4 Insider Report for RAYTHEON TECHNOLOGIES CORP (RTX)

Role: Corporate VP and Treasurer
Signature: /s/ Michelle G. Gewandter, as Attorney-In-Fact
Stock symbol: RTX
Transactions as of: Feb 8, 2023
Transactions value $: $595,665
Form type: 4
Date filed: 2/10/2023, 04:06 PM
Previous filing: Jan 31, 2023
Next filing: Mar 22, 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	RTX	Restricted Stock Units	Award	$0	+3.85K	+42.46%	$0.00	12.9K	Feb 8, 2023	Common Stock	3.85K		Direct	F1
transaction	RTX	Stock Appreciation Right	Award	$596K	+6.1K		$97.65	6.1K	Feb 8, 2023	Common Stock	6.1K	$97.65	Direct	F2

* 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. These RSUs vest on the third anniversary of the date of grant.
F2	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 2,305 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

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. These RSUs vest on the third anniversary of the date of grant.

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 2,305 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.