Form 4: RTX Corp Director George Oliver Acquires Stock Units Under Deferred Stock Unit Plan

Director George Oliver acquired 1,913.8286 phantom stock units under RTX Corporation's Board of Directors Deferred Stock Unit Plan on May 2, 2024.

Summary

• On May 2, 2024, George Oliver, a director of RTX Corp, acquired 1,913.8286 phantom stock units under the RTX Corporation Board of Directors Deferred Stock Unit Plan.
• The price of the derivative security was $101.89.
• Following the transaction, Oliver directly owns 12,632.2431 derivative securities.
• These stock units are part of Oliver's annual compensation for serving as a non-employee director.
• The plan allows for compensation to be paid in deferred stock units, which convert to common stock upon retirement or termination, distributed either in a lump sum or installments.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard compensation practice that aligns director interests with shareholders. There are no indications of negative implications.

Positives

• The acquisition of stock units aligns the director's interests with those of the shareholders.
• The deferred stock unit plan provides a long-term incentive for the director.

Future Outlook

The deferred stock units will be converted into common stock upon retirement or termination, distributed either in a lump sum or installments.

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 RTX Corp's peers in the aerospace and defense industry.
• Companies like Lockheed Martin and Boeing also utilize similar deferred compensation plans for their directors and executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term performance.

Key Dates