Form 4: RTX Corp Executive Troy D. Brunk Reports Stock Transactions

Troy D. Brunk, President of Collins Aerospace at RTX Corp, reports acquisition and disposal of RTX common stock and restricted stock units.

Summary

• On February 15, 2025, Troy D. Brunk, President of Collins Aerospace at RTX Corp, engaged in transactions involving RTX common stock and restricted stock units (RSUs).
• Brunk acquired 3,871 shares of common stock upon the vesting of time-based RSUs.
• He also acquired 2,459 shares of common stock upon the vesting of performance share units (PSUs) awarded on February 15, 2022, under the RTX Long-Term Incentive Plan, with the performance criteria satisfied at the 110% level.
• 91.99 shares were disposed of to cover tax obligations related to the vesting of the PSUs.
• 999 shares were disposed of.
• Brunk also holds 2,366 shares indirectly through a savings plan trustee.
• Following these transactions, Brunk directly owns 9,144.4273 shares of RTX common stock and indirectly owns 2,366 shares through a savings plan trustee, as well as 33,456 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports stock transactions by an executive, which is a normal part of corporate governance. The vesting of PSUs at 110% is a slightly positive indicator of performance.

Positives

• The vesting of performance share units at 110% indicates that RTX Corp achieved its performance goals related to return on invested capital, earnings per share growth, and total shareholder return.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often viewed as a signal of management's confidence in the company's future prospects. However, they can also be driven by personal financial planning needs.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, restricted stock units, and performance-based incentives.
• The vesting of performance share units based on metrics like return on invested capital, earnings per share growth, and total shareholder return is a common practice among large corporations, including RTX Corp's peers in the aerospace and defense industry such as Boeing, Lockheed Martin, and General Dynamics.
• These companies also use similar long-term incentive plans to align executive compensation with shareholder value creation.

Stakeholder Impact

• The vesting of performance share units at 110% suggests that the company has met or exceeded its performance targets, which is generally positive for shareholders.
• Executive stock ownership aligns management's interests with those of shareholders.

Key Dates

Keywords

RTX Corp, Troy D. Brunk, Collins Aerospace, Form 4, Stock Transactions, Restricted Stock Units, Performance Share Units, Beneficial Ownership