Christopher T. Calio - Feb 8, 2024 Form 4 Insider Report for RTX Corp (RTX)

Role
President and COO, Director
Signature
/s/ Michelle G. Gewandter, as Attorney-In-Fact
Stock symbol
RTX
Transactions as of
Feb 8, 2024
Transactions value $
$24,257,153
Form type
4
Date filed
2/12/2024, 05:56 PM
Previous filing
Feb 8, 2024
Next filing
Jul 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RTX Common Stock Award $3.77M +41.4K +79.2% $91.04 93.7K Feb 8, 2024 Direct F1
transaction RTX Common Stock Options Exercise $0 +9.96K +10.62% $0.00 104K Feb 8, 2024 Direct F2
transaction RTX Common Stock Tax liability -$272K -2.99K -2.88% $91.04 101K Feb 8, 2024 Direct
transaction RTX Common Stock Tax liability -$1.75M -19.2K -19.06% $91.04 81.5K Feb 8, 2024 Direct
holding RTX Common Stock 4.04K Feb 8, 2024 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 Restricted Stock Units Options Exercise $0 -9.96K -35.59% $0.00 18K Feb 8, 2024 Common Stock 9.96K Direct F2, F3
transaction RTX Stock Appreciation Right Award $22.5M +247K $91.04 247K Feb 8, 2024 Common Stock 247K $91.04 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of shares of RTX Common Stock represents the vesting of performance share units (PSUs) awarded to the reporting person on February 8, 2021, under the RTX Long-Term Incentive Plan. Each PSU has a value equal to one share of RTX Common Stock. These PSUs vested solely upon achievement of pre-established performance goals for RTX's return on invested capital and earnings per share growth over a one-year performance period, which ended on December 31, 2021 (followed by a two-year holding period), and total shareholder return relative to the S&P 500 and aerospace & defense peer companies over a three-year performance period, which ended on December 31, 2023. The performance criteria were satisfied at the 143% level.
F2 Time-based restricted stock units (RSUs) that represent the right to receive one share of the Issuer's Common Stock per unit.
F3 Vesting of RSUs and delivery of shares with respect to the RSUs originally awarded on February 8, 2021.
F4 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 88,975 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.