Form 4: RTX Corp Corporate VP and Controller, Amy L. Johnson, Reports Acquisition of Restricted Stock Units and Stock Appreciation Rights

Amy L. Johnson, Corporate VP and Controller of RTX Corp, reports the acquisition of restricted stock units and stock appreciation rights.

Summary

• On February 6, 2025, Amy L. Johnson, Corporate VP and Controller of RTX Corp, reported the acquisition of 1,945 Restricted Stock Units (RSUs) and 13,600 Stock Appreciation Rights (SARs).
• The RSUs vest on the third anniversary of the grant date and represent a contingent right to receive one share of RTX Common Stock each.
• The SARs were granted with an exercise price of $128.78 and expire on February 5, 2035.
• Johnson also holds 3,885 Performance Share Units (PSUs) that vest based on RTX's performance against pre-established goals.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The acquisition of RSUs and SARs aligns the executive's interests with those of the shareholders.
• The vesting of PSUs is tied to the achievement of performance goals, incentivizing strong company performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of RSUs and PSUs is tied to future performance and continued employment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies to align management's interests with shareholders'.

Comparison to Industry Standards

• Stock options, SARs, and RSUs are common forms of executive compensation in the aerospace and defense industry.
• Companies like Lockheed Martin (LMT) and Boeing (BA) also utilize similar equity-based compensation plans to incentivize their executives.
• The specific terms of these grants (vesting schedules, performance metrics) are tailored to each company's specific goals and circumstances.

Stakeholder Impact

• The transactions reported in this filing have a minimal direct impact on stakeholders.
• They primarily reflect changes in the executive's ownership stake in the company.

Key Dates