Form 4: RTX Corp Director Robert O. Work Reports Acquisition of Phantom Stock Units

Director Robert O. Work reports acquisition of phantom stock units in RTX Corp under the Board of Directors Deferred Stock Unit Plan.

Summary

• Robert O. Work, a director of RTX Corp, filed a Form 4 to report changes in beneficial ownership.
• The report indicates that Work acquired 1,742.4064 phantom stock units on May 1, 2025, under the RTX Corporation Board of Directors Deferred Stock Unit Plan.
• These units were acquired as part of Work's annual compensation for service as a non-employee director.
• The price of the phantom stock units was $127.41.
• Following the reported transaction, Work directly owns 16,935.1973 derivative securities.
• The plan allows for the payment of annual compensation in deferred stock units, which are converted into common stock upon retirement or termination, distributed either in a lump-sum or installments.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of stock units by a director is generally viewed as a positive sign, indicating alignment with shareholder interests. However, the impact is limited as it's part of a standard compensation plan.

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 director compensation, potentially incentivizing continued service.

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

Director compensation through stock and stock units is a common practice in publicly traded companies to align the interests of directors with those of shareholders. The specifics of the RTX Corporation Board of Directors Deferred Stock Unit Plan are not detailed enough to compare to industry standards.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence.

Key Dates

Keywords

RTX Corp, Robert O. Work, phantom stock units, Form 4, director compensation, beneficial ownership, Deferred Stock Unit Plan