Form 4: RTX Corp Executive Chairman Gregory Hayes Reports Stock Transactions

Gregory Hayes, Executive Chairman of RTX Corp, reports the exercise of stock appreciation rights and subsequent sale of shares on July 31, 2024.

Summary

• On July 31, 2024, Gregory Hayes, the Executive Chairman of RTX Corp, engaged in transactions involving RTX common stock.
• Hayes exercised stock appreciation rights (SARs) that were settled in shares.
• Specifically, 271,521 SARs with an exercise price of $76 were exercised, resulting in the acquisition of 271,521 shares.
• Additionally, 128,541 SARs with an exercise price of $82.35 were exercised, resulting in the acquisition of 128,541 shares.
• Following these transactions, Hayes sold 38,600 shares at a weighted average price of $117.699 and 96,287 shares at a weighted average price of $117.7496.
• Hayes also disposed of shares through other transactions at prices ranging from $117.60 to $117.84.
• After these transactions, Hayes directly owns 566,723 shares of RTX common stock.
• Hayes also has indirect ownership through children's trust accounts (1,096 shares), a savings plan trustee (12,795 shares), his spouse (874 shares), and his spouse's savings plan account (2,868 shares).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions are subject to regulatory scrutiny to prevent illegal insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates