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RTX Corp — Director's Dealing 2020
Apr 13, 2020
29781_dirs_2020-04-13_49c92046-6711-402a-8ead-bc8c3307143b.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: 2020-04-03
Reporting Person: Balsbough Douglas (EVP & Chief HR Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5577.0000 | Direct |
| Common Stock | 10253.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (6570.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (1098.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (4125.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (1285.0000) | Direct | ||
| Restricted Stock Units RSU | $ | Common Stock (6595.0000) | Direct | ||
| SRP Stock Unit | $ | Common Stock (711.3420) | Direct | ||
| Stock Appreciation Right | $84.0000 | 2023-01-01 | Common Stock (9800.0000) | Direct | |
| Stock Appreciation Right | $95.5700 | 2026-01-03 | Common Stock (10600.0000) | Direct | |
| Stock Appreciation Right | $110.8300 | 2027-01-02 | Common Stock (12600.0000) | Direct | |
| Stock Appreciation Right | $112.4900 | 2024-01-01 | Common Stock (7000.0000) | Direct | |
| Stock Appreciation Right | $115.0400 | 2025-01-01 | Common Stock (7500.0000) | Direct | |
| Stock Appreciation Right | $120.7700 | 2029-02-04 | Common Stock (17300.0000) | Direct | |
| Stock Appreciation Right | $128.1600 | 2028-01-01 | Common Stock (14500.0000) | Direct | |
| Stock Appreciation Right | $153.0000 | 2030-02-03 | Common Stock (23000.0000) | Direct |
Footnotes
F1: These Restricted Stock Units (RSU) were awarded in connection with the reporting person's membership in legacy United Technologies Corporation's (UTC) Executive Leadership Group (ELG). Following three years of ELG service, each RSU, including accumulated dividend equivalents, represents a right to receive one share of Raytheon Technologies Corporation (RTC) Common Stock upon a Qualifying Separation from RTC (as defined in Exhibit 10.6 of UTC's 2019 Form 10-K).
F2: 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.
F3: Each RSU, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of RTC Common Stock.
F4: Each Savings Restoration Plan (SRP) stock unit is the economic equivalent of one share of RTC common stock. The reported SRP stock units were acquired under legacy 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.
F5: In February 2019, the reporting person was also awarded 1,880 performance share units (PSUs) under the legacy UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of RTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for RTC'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 1,580 performance share units (PSUs) under the legacy UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of RTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for RTC'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.