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RTX Corp — Director's Dealing 2020
Jun 15, 2020
29781_dirs_2020-06-15_2ae76221-4af5-4a2d-913f-6e7ef48e27ee.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: RAYTHEON TECHNOLOGIES CORP (RTX)
CIK: 0000101829
Period of Report: 2020-06-10
Reporting Person: Williams Dantaya M (Chief Human Resources Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3685.6870 | Direct |
| Common Stock | 2778.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units RSU | $ | Common Stock (1232.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (1086.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (802.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (539.0000) | Direct | ||
| SRP Stock Unit | $ | Common Stock (363.7450) | Direct | ||
| Stock Appreciation Right | $84.0000 | 2023-01-01 | Common Stock (4400.0000) | Direct | |
| Stock Appreciation Right | $95.5700 | 2026-01-03 | Common Stock (3000.0000) | Direct | |
| Stock Appreciation Right | $110.8300 | 2027-01-02 | Common Stock (5500.0000) | Direct | |
| Stock Appreciation Right | $112.4900 | 2024-01-01 | Common Stock (3300.0000) | Direct | |
| Stock Appreciation Right | $115.0400 | 2025-01-01 | Common Stock (2200.0000) | Direct | |
| Stock Appreciation Right | $120.7700 | 2029-02-04 | Common Stock (7200.0000) | Direct | |
| Stock Appreciation Right | $128.1600 | 2028-01-01 | Common Stock (2950.0000) | Direct | |
| Stock Appreciation Right | $153.0000 | 2030-02-03 | Common Stock (6000.0000) | Direct |
Footnotes
F1: Includes 1,960.687 deferred Performance Share Units ("PSUs"). 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.
F2: 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.
F3: On April 3, 2020, United Technologies Corporation completed its separation into three independent, publicly-traded companies (the Separation) United Technologies Corporation, Carrier Global Corporation, and Otis Worldwide Corporation and, immediately following the Separation, United Technologies Corporation completed its merger of equals with Raytheon Company. In connection with the Separation, all equity awards held by the reporting person with respect to United Technologies Corporation common stock as of the Separation are being equitably adjusted. The amount of securities, and the applicable exercise price (if any), reported on this Form 3 do not reflect such adjustment and this Form 3 will be amended in a subsequent filing to reflect such adjustment.
F4: Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of RTX common stock. The reported SRP stock units were acquired under legacy United Technologies Corporation's Savings Restoration Plan, an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service.
F5: In February 2019, the reporting person was also awarded 520 performance share units ("PSUs") under the legacy United Technologies Corporation 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 targets for RTX'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. The amount of securities reported on this Form 3 do not reflect the Separation-related equitable adjustment to equity awards held by the reporting person and this Form 3 will be amended in a subsequent filing to reflect such adjustment.
F6: In January 2018, the reporting person was also awarded 440 PSUs under the legacy United Technologies Corporation 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 targets for RTX'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. The amount of securities reported on this Form 3 do not reflect the Separation-related equitable adjustment to equity awards held by the reporting person and this Form 3 will be amended in a subsequent filing to reflect such adjustment.