Form 4: RTX Corp Director Denise L. Ramos Reports Acquisition of Phantom Stock Units

Director Denise L. Ramos reports acquisition of phantom stock units under the RTX Corporation Board of Directors Deferred Stock Unit Plan.

Summary

• On May 1, 2025, Denise L. Ramos, a director of RTX Corp, acquired 2,707.7937 phantom stock units under the RTX Corporation Board of Directors Deferred Stock Unit Plan.
• These units are connected to her annual compensation for service as a non-employee director.
• The price of the derivative security is $127.41.
• Following the transaction, Ramos directly owns 26,889.3943 derivative securities.
• Upon retirement or termination, these deferred stock units will be converted into an equal number of shares of common stock, distributed either in a lump-sum or in installments, based on the director's prior election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning interests with shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of RTX Corp.
• The Deferred Stock Unit Plan provides a structured approach to compensation and deferred equity ownership.

Future Outlook

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

Industry Context

Director compensation through stock and deferred stock units is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Companies like Lockheed Martin (LMT) and Boeing (BA) also utilize stock-based compensation for their directors.
• Deferred stock unit plans are a standard method to provide long-term incentives and align director compensation with shareholder value, similar to plans used by General Dynamics (GD) and Northrop Grumman (NOC).

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning director interests with company performance.

Key Dates

Keywords

RTX Corp, Denise L. Ramos, phantom stock units, director compensation, deferred stock unit plan, Form 4, insider transaction