Form 4 for RTX RTX Corporation
Accepted 2024-02-12 00:00:00 ET · period of report 2024-02-08 · accession 0001225208-24-001877 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-02-12 | 2024-02-08 | RTX | HAYES GREGORY | COB, CEO, Dir | F - Tax | $91.04 | -96.5K | 646.3K | -13% | -$8.78M |
| D | 2024-02-12 | 2024-02-08 | RTX | HAYES GREGORY | COB, CEO, Dir | A - Grant | $91.04 | +171.6K | 621.9K | +38% | +$15.63M |
| D | 2024-02-12 | 2024-02-08 | RTX | HAYES GREGORY | COB, CEO, Dir | M - OptEx | $0.00 | +41.3K | 663.2K | +7% | $0 |
| D | 2024-02-12 | 2024-02-08 | RTX | HAYES GREGORY | COB, CEO, Dir | A - Grant | $91.04 | +183.1K | 183.1K | New | +$16.67M |
| D | 2024-02-12 | 2024-02-08 | RTX | HAYES GREGORY | COB, CEO, Dir | M - OptEx | $0.00 | -41.3K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-08 | F | D | 79,533 | $91.04 | 566,723 | D | — | — | |
| 2 | Common | Common Stock | 2024-02-08 | F | D | 16,936 | $91.04 | 646,256 | D | — | — | |
| 3 | Common | Common Stock | 2024-02-08 | A | A | 171,629 | $91.04 | 621,894 | D | — | — | (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. |
| 4 | Common | Common Stock | 2024-02-08 | M | A | 41,298 | $0.00 | 663,192 | D | — | — | (F2) Time-based restricted stock units (RSUs) that represent the right to receive one share of the Issuer's Common Stock per unit. |
| 5 | Derivative | Stock Appreciation Right | 2024-02-08 | A | A | 183,100 | $91.04 | 183,100 | D | $91.04 · 2027-02-08 to 2034-02-07 | 183,100 Common Stock | (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 65,910 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. |
| 6 | Derivative | Restricted Stock Units | 2024-02-08 | M | D | 41,298 | $0.00 | 0 | D | — · — to — | 41,298 Common Stock | (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. |