Form 4 for RTX RTX Corporation
Accepted 2024-02-12 00:00:00 ET · period of report 2024-02-08 · accession 0001225208-24-001882 · 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 | Timm Stephen J. | Pres, Collins Aerospace | F - Tax | $91.04 | -12.6K | 67.9K | -16% | -$1.15M |
| D | 2024-02-12 | 2024-02-08 | RTX | Timm Stephen J. | Pres, Collins Aerospace | M - OptEx | $0.00 | +9,963 | 68.5K | +17% | $0 |
| D | 2024-02-12 | 2024-02-08 | RTX | Timm Stephen J. | Pres, Collins Aerospace | A - Grant | $91.04 | +41.4K | 58.5K | +243% | +$3.77M |
| D | 2024-02-12 | 2024-02-08 | RTX | Timm Stephen J. | Pres, Collins Aerospace | M - OptEx | $0.00 | -9,963 | 12.1K | -45% | $0 |
| D | 2024-02-12 | 2024-02-08 | RTX | Timm Stephen J. | Pres, Collins Aerospace | A - Grant | $91.04 | +82.4K | 82.4K | New | +$7.50M |
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 | 2,760 | $91.04 | 65,180.69 | D | — | — | |
| 2 | Common | Common Stock | 2024-02-08 | M | A | 9,963 | $0.00 | 68,459 | D | — | — | (F2) Time-based restricted stock units (RSUs) that represent the right to receive one share of the Issuer's Common Stock per unit. |
| 3 | Common | Common Stock | 2024-02-08 | F | D | 9,369 | $91.04 | 55,811.69 | D | — | — | |
| 4 | Common | Common Stock | 2024-02-08 | F | D | 518.31 | $91.04 | 67,940.69 | D | — | — | (F3) Includes 20,195.69 deferred stock units (the net amount following tax withholding from 20,714 deferred PSUs included in the acquisition reported in the footnote above). The reporting person previously elected to defer receipt of actual shares of common stock that otherwise would be received upon the vesting of these PSUs and instead acquired deferred stock units that settle exclusively in shares and are included in Table I as common stock equivalents. Each deferred stock unit has a value equal to one share of RTX Common Stock. |
| 5 | Common | Common Stock | 2024-02-08 | A | A | 41,428 | $91.04 | 58,496 | 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. |
| 6 | Derivative | Restricted Stock Units | 2024-02-08 | M | D | 9,963 | $0.00 | 12,106 | D | — · — to — | 9,963 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. (F4) Vesting of RSUs and delivery of shares with respect to the RSUs originally awarded on February 8, 2021. |
| 7 | Derivative | Stock Appreciation Right | 2024-02-08 | A | A | 82,400 | $91.04 | 82,400 | D | $91.04 · 2027-02-08 to 2034-02-07 | 82,400 Common Stock | (F5) 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 29,660 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. |