Shane G. Eddy - Feb 15, 2025 Form 4 Insider Report for RTX Corp (RTX)

Signature
/s/ Michelle G. Gewandter, as Attorney-In-Fact
Stock symbol
RTX
Transactions as of
Feb 15, 2025
Transactions value $
-$437,549
Form type
4
Date filed
2/19/2025, 05:28 PM
Previous filing
Feb 10, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RTX Common Stock Award $2.58M +21.1K $122.41 21.1K Feb 15, 2025 Direct F1
transaction RTX Common Stock Tax liability -$1.06M -8.67K -41.18% $122.41 12.4K Feb 15, 2025 Direct
transaction RTX Common Stock Options Exercise $639K +8.43K +68.03% $75.79 20.8K Feb 18, 2025 Direct F2
transaction RTX Common Stock Disposed to Issuer -$639K -5.11K -24.57% $124.87 15.7K Feb 18, 2025 Direct
transaction RTX Common Stock Sale -$1.95M -15.7K -100% $124.45 0 Feb 18, 2025 Direct F3
holding RTX Common Stock 126 Feb 15, 2025 By Savings Plan Trustee

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RTX Stock Appreciation Right Options Exercise $0 -8.43K -100% $0.00 0 Feb 18, 2025 Common Stock 8.43K $75.79 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of shares of RTX Common Stock represents the vesting of performance share units (PSUs) awarded to the reporting person on February 15, 2022, under the RTX Long-Term Incentive Plan. Each PSU has a value equal to one share of RTX Common Stock. These PSUs vested solely upon achievement of pre-established performance goals for RTX's return on invested capital, earnings per share growth, and total shareholder return relative to the S&P 500 and aerospace & defense peer companies over a three-year performance period, which ended on December 31, 2024. The performance criteria were satisfied at the 110% level.
F2 The Stock Appreciation Rights (SARs) were settled in shares in accordance with the terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.
F3 The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $124.12 to $124.97 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request.