Form 4: RTX Corp Executive Stephen J. Timm Reports Stock Transactions
SEC Form 4
Stephen J. Timm, President of Collins Aerospace, reports acquisition and disposal of RTX Corp common stock and Stock Appreciation Rights (SARs) on May 10, 2024.
Summary
- On May 10, 2024, Stephen J. Timm, President of Collins Aerospace (an officer of RTX Corp), engaged in transactions involving RTX Corp's common stock and Stock Appreciation Rights (SARs).
- Timm acquired shares through the settlement of Stock Appreciation Rights (SARs) at prices of $90.73, $78.25, and $71.62.
- He disposed of 19,880 shares of common stock at a weighted average price of $105.7155, with prices ranging from $105.58 to $105.92.
- He also disposed of 93,112 shares of common stock at $105.73.
- Following these transactions, Timm directly owns 149,050.1006 shares and indirectly owns 339 shares through a savings plan trustee.
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity, with no inherent positive or negative sentiment. It simply reflects the transactions of an executive.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- Comparable companies such as Boeing, Lockheed Martin, and General Dynamics also have similar filings when their executives trade company stock.
- The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as an indicator of their confidence in the company's prospects.
- The transactions themselves are unlikely to have a significant impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 02/05/2022 | Date exercisable for some Stock Appreciation Rights |
| 07/02/2022 | Date exercisable for some Stock Appreciation Rights |
| 02/04/2023 | Date exercisable for some Stock Appreciation Rights |
| 02/03/2030 | Expiration date for some Stock Appreciation Rights |
| 07/01/2029 | Expiration date for some Stock Appreciation Rights |
| 02/04/2029 | Expiration date for some Stock Appreciation Rights |
| 05/10/2024 | Date of stock and derivative transactions |
| 05/14/2024 | Date of signature for the report |
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