Form 4: RTX Corp Director George Oliver Acquires Phantom Stock Units as Part of Compensation Plan

Director George Oliver acquired phantom stock units in RTX Corp as part of the company's Board of Directors Deferred Stock Unit Plan.

Summary

• On May 1, 2025, George Oliver, a director of RTX Corp, acquired 2,707.7937 phantom stock units under the RTX Corporation Board of Directors Deferred Stock Unit Plan.
• The price of the derivative security was $127.41.
• Following the transaction, Oliver directly owns 15,612.2538 derivative securities.
• These stock units are part of Oliver's annual compensation for serving as a non-employee director.
• The plan allows directors to defer a portion or all of their annual compensation into stock units.
• Upon retirement or termination, these units are converted into an equal number of common stock shares, distributed either in a lump sum or installments, based on the director's prior election.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral but positive signal.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The Deferred Stock Unit Plan provides a mechanism for long-term compensation and retention of directors.

Future Outlook

The document does not contain specific forward-looking statements, but it outlines the terms of the Deferred Stock Unit Plan, which governs the future distribution of common stock to the director upon retirement or termination.

Industry Context

This filing is a routine disclosure of a director's compensation in the form of stock units, which is a common practice among publicly traded companies to align management's interests with shareholders.

Comparison to Industry Standards

• Deferred stock unit plans are a common form of executive compensation in publicly traded companies, including those in the aerospace and defense industry like Lockheed Martin (LMT) and Boeing (BA).
• These plans typically vest over time and are paid out in shares upon retirement or termination, similar to the RTX Corp plan.
• The specific terms of these plans, such as the vesting schedule and payout options, can vary from company to company.

Stakeholder Impact

• Shareholders may view this as a positive sign, as it aligns the director's interests with the company's long-term performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

RTX Corp, Director, George Oliver, Phantom Stock Units, Deferred Stock Unit Plan, Compensation, Form 4, SEC