Form 4: RTX Corp Director Calio Exercises Stock Appreciation Rights and Sells Shares
SEC Form 4 Filing
Christopher T. Calio, a director and President/CEO of RTX Corp, exercised stock appreciation rights and sold shares on July 29, 2024.
Summary
- On July 29, 2024, Christopher T. Calio, a Director and the President and CEO of RTX Corp, executed transactions involving RTX Corp common stock.
- Calio exercised stock appreciation rights (SARs) which were settled in shares, resulting in the acquisition of 11,236 shares at a price of $71.01.
- Simultaneously, Calio sold 4,235 shares at $114 and 7,001 shares at $113.95.
- Following these transactions, Calio directly owns 81,508 shares of RTX Corp common stock and indirectly owns 4,127 shares through a savings plan trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership changes.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal given the size of the transactions relative to the company's market capitalization.
Key Dates
| Date | Description |
|---|---|
| 01/04/2019 | Date the Stock Appreciation Right became exercisable |
| 01/03/2026 | Expiration date of the Stock Appreciation Right |
| 07/29/2024 | Date of the stock transactions (exercise of SARs and sale of shares) |
| 07/31/2024 | Date of the signature on the Form 4 filing |
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