Form 4: RTX Corp Director Brian C Rogers Reports Acquisition of Phantom Stock Units

Director Brian C Rogers reports acquisition of 2,904.0107 phantom stock units in RTX Corp under the Board of Directors Deferred Stock Unit Plan.

Summary

• Brian C Rogers, a director of RTX Corp, reported acquiring 2,904.0107 phantom stock units on May 1, 2025.
• The acquisition was made under the RTX Corporation Board of Directors Deferred Stock Unit Plan as part of annual compensation for service as a non-employee director.
• The price of the underlying common stock was $127.41.
• Following the transaction, Rogers directly owns 35,733.083 derivative securities.
• These deferred stock units will be converted into an equal number of shares of common stock upon retirement or termination, distributed either in a lump-sum or in installments based on the director's election.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The Deferred Stock Unit Plan provides a mechanism for deferred compensation, potentially offering tax advantages.

Future Outlook

Upon retirement or termination, the deferred stock units will be converted into common stock and distributed either in a lump-sum or in installments, based on the director's election.

Industry Context

Director compensation through stock and stock units is a common practice in publicly traded companies to align management's interests with shareholders.

Comparison to Industry Standards

• Deferred stock unit plans are a fairly standard form of compensation for non-employee directors at large publicly traded companies like RTX Corp.
• Companies such as Lockheed Martin (LMT) and Boeing (BA) also utilize similar deferred compensation plans for their board members.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates

Keywords

RTX Corp, Brian C Rogers, phantom stock units, director compensation, Form 4, deferred stock unit plan, derivative securities