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RTX Corp — Director's Dealing 2024
Jul 26, 2024
29781_dirs_2024-07-26_48d2c44f-e5b1-4660-a115-c6c06a88a0a2.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: RTX Corp (RTX)
CIK: 0000101829
Period of Report: 2024-07-17
Reporting Person: Brunk Troy D (President, Collins Aerospace)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2874.5928 | Direct |
| Common Stock | 2292.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (11206.0000) | Direct | ||
| Restricted Stock Units | $ | Common Stock (2477.0000) | Direct | ||
| Restricted Stock Units | $ | Common Stock (2226.0000) | Direct | ||
| Restricted Stock Units | $ | Common Stock (3830.0000) | Direct | ||
| Rockwell NQSP | $ | Common Stock (145.6211) | Direct | ||
| SRP Stock Unit | $ | Common Stock (474.9125) | Direct | ||
| Stock Appreciation Right | $90.7300 | 2030-02-03 | Common Stock (11973.0000) | Direct | |
| Stock Appreciation Right | $91.0400 | 2034-02-07 | Common Stock (18400.0000) | Direct | |
| Stock Appreciation Right | $94.0400 | 2032-02-14 | Common Stock (6800.0000) | Direct | |
| Stock Appreciation Right | $97.6500 | 2033-02-07 | Common Stock (12600.0000) | Direct |
Footnotes
F1: These are 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: These Restricted Stock Units ("RSUs") were awarded on March 1, 2024 in connection with the reporting person's membership in the RTX Corporation ("RTX") Executive Leadership Group ("ELG"). Following three years of ELG service, each RSU, including accumulated dividend equivalents, represents a right to receive one share of RTX Common Stock upon a Qualifying Separation from RTX (as defined in Exhibit 10.6 of RTX's Form 10-Q for the period ended March 31, 2024).
F3: Each RSU, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of RTX Common Stock.
F4: Each Rockwell Non-Qualified Savings Plan ("NQSP") stock unit is the economic equivalent of one share of RTX Common Stock. The reported NQSP stock units were acquired under legacy Rockwell Collins' NQSP,an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service.
F5: 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.
F6: In February 2024, in addition to the SARs and not included in this number, the reporting person was also awarded 4,395 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 over a three-year performance period.
F7: In February 2022, in addition to the SARs and not included in this number, the reporting person was also awarded 2,235 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 ROIC, EPS growth and TSR relative to the S&P 500 and aerospace & defense peer companies over a three-year performance period.
F8: In February 2023, in addition to the SARs and not included in this number, the reporting person was also awarded 2,385 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 ROIC, EPS growth and TSR relative to the S&P 500 and aerospace & defense peer companies over a three-year performance period.