RTX Corp — Director's Dealing 2020

Apr 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYTHEON TECHNOLOGIES CORP (RTX)
CIK: 0000101829
Period of Report: 2020-04-03

Reporting Person: Kennedy Thomas A (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-03	Common Stock	A	351742	—	Acquired	351742	Direct
2020-04-03	Common Stock	F	8260	$49.93	Disposed	343482	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-03	Restricted Stock Units	$	A	32183	Acquired		Common Stock (32183)	Direct
2020-04-03	Restricted Stock Units	$	A	52262	Acquired		Common Stock (52262)	Direct
2020-04-03	Restricted Stock Units	$	A	67733	Acquired		Common Stock (67733)	Direct
2020-04-03	Restricted Stock Units	$	A	103182	Acquired		Common Stock (103182)	Direct
2020-04-03	Restricted Stock Units	$	A	98274	Acquired		Common Stock (98274)	Direct
2020-04-03	Restricted Stock Units	$	A	64707	Acquired		Common Stock (64707)	Direct

Footnotes

F1: Pursuant to the terms of the Agreement and Plan of Merger, dated as of June 9, 2019, as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated as of March 9, 2020, by and between United Technologies Corporation ("UTC") and Raytheon Company ("Raytheon") (the "Merger Agreement"), on April 3, 2020 (the "Closing Date"), Raytheon became a wholly owned subsidiary of UTC, with UTC becoming Raytheon Technologies Corporation. Pursuant to the Merger Agreement, on the Closing Date, each share of Raytheon Common Stock held by the reporting person was converted automatically into 2.3348 shares of UTC Common Stock.

F2: Time-based RTX restricted stock units ("RSUs") that represent the right to receive one share of RTX Common Stock per unit and were converted from Raytheon RSUs, originally granted on March 21, 2018, pursuant to the terms of the Merger Agreement. These RSUs vest in one-third increments on each of the second, third and fourth anniversaries of the original date of grant, as applicable, and continue to vest (but do not accelerate) on the scheduled vesting dates into retirement, subject to the employee's compliance with certain post-employment covenants.

F3: Time-based RTX RSUs that represent the right to receive one share of RTX Common Stock per unit and were converted from Raytheon RSUs, originally granted on March 21, 2019, pursuant to the terms of the Merger Agreement. These RSUs vest in one-third increments on each of the second, third and fourth anniversaries of the original date of grant, as applicable, and continue to vest (but do not accelerate) on the scheduled vesting dates into retirement, subject to the employee's compliance with certain post-employment covenants.

F4: Time-based RTX RSUs that represent the right to receive one share of RTX Common Stock per unit and were converted from Raytheon RSUs, originally granted on March 25, 2020, pursuant to the terms of the Merger Agreement. These RSUs vest in one-third increments on each of the second, third and fourth anniversaries of the original date of grant, as applicable, and continue to vest (but do not accelerate) on the scheduled vesting dates into retirement, subject to the employee's compliance with certain post-employment covenants.

F5: Represents RTX RSUs that were converted from Raytheon performance-based vesting restricted stock units granted on January 24, 2018 under the 2018-2020 Long-Term Performance Plan ("LTPP"). These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.

F6: Represents RTX RSUs that were converted from Raytheon performance-based vesting restricted stock units granted on January 30, 2019 under the 2019-2021 LTPP. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.

F7: Represents RTX RSUs that were converted from Raytheon performance-based vesting restricted stock units granted on January 29, 2020 under the 2020-2022 LTPP. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.