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RTX Corp — Director's Dealing 2021
Sep 10, 2021
29781_dirs_2021-09-10_a018d401-54fe-4e9e-8e7d-7c78a3ff3b7f.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: 2021-09-01
Reporting Person: Johnson Amy L (Corporate VP and Controller)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4061.0000 | Direct |
| Common Stock | 2003.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (1893.0000) | Direct | ||
| Restricted Stock Units | $ | Common Stock (2430.0000) | Direct | ||
| Restricted Stock Units | $ | Common Stock (2307.0000) | Direct | ||
| SRP Stock Unit | $ | Common Stock (107.9320) | Direct | ||
| Stock Appreciation Right | $71.6200 | 2029-02-04 | Common Stock (5734.0000) | Direct | |
| Stock Appreciation Right | $72.4900 | 2031-02-07 | Common Stock (4200.0000) | Direct | |
| Stock Appreciation Right | $76.0000 | 2028-01-01 | Common Stock (8769.0000) | Direct | |
| Stock Appreciation Right | $82.3500 | 2027-01-02 | Common Stock (3149.0000) | Direct | |
| Stock Appreciation Right | $90.7300 | 2030-02-03 | Common Stock (10118.0000) | Direct |
Footnotes
F1: 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.
F2: 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.
F3: In February 2019, in addition to the stock appreciation rights ("SARs") and not included in this number, the reporting person was also awarded performance share units ("PSUs") under the legacy United Technologies Corporation Long-Term Incentive Plan. Following the separation of Otis Worldwide Corporation and Carrier Global Corporation from United Technologies Corporation ("UTC") on April 3, 2020 (after which UTC completed its merger of equals with Raytheon Company to form RTX), these PSUs were converted to RSUs and relate to 1,028 shares of RTX Common Stock. Each RSU represents the right to receive one share of RTX Common Stock.
F4: In February 2021, in addition to the SARs and not included in this number, the reporting person was also awarded 1,370 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 ("ROIC"), earnings per share ("EPS") growth and total shareholder return ("TSR") relative to the S&P 500 and aerospace & defense peer companies. The performance period for EPS growth and ROIC is one-year, followed by a two-year holding period. Both TSR goals have a three-year performance period.