Form 4: RTX Corp Director Ellen M Pawlikowski Reports Acquisition of Phantom Stock Units

Director Ellen M Pawlikowski reports acquisition of phantom stock units under RTX Corporation's Board of Directors Deferred Stock Unit Plan.

Summary

• Ellen M Pawlikowski, a director of RTX Corp, reported the acquisition of 1,624.6762 phantom stock units on May 1, 2025.
• These units were acquired under the RTX Corporation Board of Directors Deferred Stock Unit Plan as part of her annual compensation for service as a non-employee director.
• The price of the phantom stock units was $127.41.
• Following the transaction, Pawlikowski directly owns 15,280.1066 derivative securities.
• The 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, which is generally viewed neutrally. The acquisition of stock units is a positive sign of alignment with shareholder interests.

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

Upon retirement or termination, the deferred stock units in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.

Industry Context

Director compensation in the form of stock and 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.
• The specific terms of deferred stock unit plans can vary, but the general principle of aligning director compensation with shareholder value is widespread.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by demonstrating alignment of interests.
• Employees may view stock-based compensation plans for directors as a sign of commitment to long-term value creation.

Key Dates

Keywords

RTX Corp, Ellen M Pawlikowski, phantom stock units, director compensation, Form 4, derivative securities, Deferred Stock Unit Plan