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RTX Corp — Director's Dealing 2019
Jul 3, 2019
29781_dirs_2019-07-03_d79cda44-3030-432f-8cde-8c0581b47771.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: UNITED TECHNOLOGIES CORP /DE/ (UTX)
CIK: 0000101829
Period of Report: 2019-06-25
Reporting Person: Calio Christopher T. (Pres, Comm Engines, P&W)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3401.0000 | Direct |
| Common Stock | 1712.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (9559.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (2275.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (1482.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (16757.0000) | Direct | ||
| SRP Stock Unit | $ | Common Stock (296.0384) | Direct | ||
| Stock Appreciation Right | $74.6600 | 2022-01-02 | Common Stock (5800.0000) | Direct | |
| Stock Appreciation Right | $84.0000 | 2023-01-01 | Common Stock (5900.0000) | Direct | |
| Stock Appreciation Right | $95.5700 | 2026-01-03 | Common Stock (13200.0000) | Direct | |
| Stock Appreciation Right | $110.8300 | 2027-01-02 | Common Stock (10500.0000) | Direct | |
| Stock Appreciation Right | $112.4900 | 2024-01-01 | Common Stock (4700.0000) | Direct | |
| Stock Appreciation Right | $115.0400 | 2025-01-01 | Common Stock (5600.0000) | Direct | |
| Stock Appreciation Right | $120.7700 | 2029-02-04 | Common Stock (32500.0000) | Direct | |
| Stock Appreciation Right | $128.1600 | 2028-01-01 | Common Stock (18500.0000) | Direct |
Footnotes
F1: These Restricted Stock Units (RSU) were awarded in connection with the reporting person's membership in UTC's Executive Leadership Group (ELG). Following three years of ELG service, each RSU, including accumulated dividend equivalents, represents a right to receive one share of UTC Common Stock upon a Qualifying Separation from UTC (as defined in Exhibit 10.6 of UTC's 2018 Form 10-K).
F2: Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of UTC Common Stock.
F3: Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of UTC common stock. The reported SRP stock units were acquired under UTC's Savings Restoration Plan, an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service.
F4: In January 2017, the reporting person was also awarded 3,500 performance share units (PSUs) under the UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period.
F5: In February 2019, the reporting person was also awarded 5,800 performance share units (PSUs) under the UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period.
F6: In January 2018, the reporting person was also awarded 5,500 performance share units (PSUs) under the UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period.