Form 4: RTX Senior VP Johnson Reports Equity Transactions

RTX Corp's Senior VP and Controller, Amy L. Johnson, reported multiple equity transactions including RSU and PSU vesting, SAR exercises, and share sales.

Summary

• Amy L. Johnson, Senior VP and Controller of RTX Corp, reported several transactions involving RTX Common Stock and derivative securities.
• On February 8, 2026, Johnson acquired 3,935 shares from Restricted Stock Unit (RSU) vesting and 3,366 shares from Performance Share Unit (PSU) vesting.
• The PSUs vested due to the achievement of pre-established performance goals for RTX's return on invested capital, earnings per share growth, and total shareholder return relative to the S&P 500 and aerospace & defense peer companies, with performance criteria satisfied at the 146% level.
• Also on February 8, 2026, Johnson disposed of 1,141 shares and 1,469 shares, both related to tax withholding at a price of $198.66 per share.
• On February 10, 2026, Johnson acquired 10,118 shares and 4,200 shares through the settlement of Stock Appreciation Rights (SARs) at exercise prices of $90.73 and $72.49, respectively.
• Concurrently on February 10, 2026, Johnson disposed of 6,230 shares at $196.19 as part of the SAR settlement process and sold 8,088 shares on the open market at $195.03.
• Following these transactions, Johnson directly beneficially owns 11,022.9646 shares of Common Stock and indirectly owns 2,875 shares through a Savings Plan Trustee.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing positively due to the high achievement level of performance-based equity awards, indicating strong company performance. While there were sales, they are typical for tax withholding and diversification following significant vesting events.

Positives

• Performance Share Units (PSUs) vested at a 146% achievement level, indicating strong company performance against pre-established goals for return on invested capital, earnings per share growth, and total shareholder return.
• The vesting of RSUs and PSUs, and the exercise of SARs, represent compensation earned by a senior executive, aligning management's interests with shareholder value creation.

Negatives

• Amy L. Johnson disposed of a total of 1,141 shares and 1,469 shares on February 8, 2026, for tax withholding purposes, reducing direct beneficial ownership.
• An open market sale of 8,088 shares occurred on February 10, 2026, at a price of $195.03, further reducing direct beneficial ownership.
• A disposition of 6,230 shares at $196.19 was part of the SAR settlement, which is a technical sale back to the issuer.

Future Outlook

The filing does not contain specific forward-looking statements or guidance, as it primarily reports historical insider transactions.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving equity compensation vesting and subsequent sales, are common occurrences for senior executives in publicly traded companies like RTX Corp. The vesting of performance-based units at a high achievement level (146%) suggests strong performance relative to industry benchmarks and internal targets, which is generally a positive signal for the aerospace & defense sector.

Comparison to Industry Standards

• The 146% achievement level for Performance Share Units (PSUs) suggests RTX Corp's performance in Return on Invested Capital, Earnings Per Share growth, and Total Shareholder Return exceeded internal targets and outperformed the S&P 500 and its aerospace & defense peer companies over the three-year performance period ending December 31, 2025.
• While specific comparative company data is not provided in this filing, achieving such a high performance threshold indicates strong relative performance within the competitive aerospace and defense industry, which includes companies like Lockheed Martin (LMT), Boeing (BA), and Northrop Grumman (NOC).

Related Party Transactions

• The acquisition of shares through RSU and PSU vesting, and SAR exercises, represents compensation transactions between the company (RTX Corp) and a key executive (Amy L. Johnson).
• The disposition of shares for tax withholding purposes is also a transaction directly related to the executive's compensation.
• The disposition of shares as part of SAR settlement is a technical transaction with the issuer.

Stakeholder Impact

• Shareholders: The vesting of performance-based awards at a high achievement level (146%) suggests strong company performance, which is generally positive for shareholder value. The insider's sales, while reducing direct ownership, are common for tax and diversification.
• Employees: The successful vesting of equity awards for a senior executive can signal a healthy compensation structure and positive company performance, potentially boosting morale.
• Management: The transactions reflect the realization of long-term incentive compensation for a senior executive, aligning their interests with the company's strategic goals.

Key Dates

Recommendation

While the high achievement of performance goals is a strong positive signal for RTX Corp's operational and financial health, the insider's open market sale of shares, even if for diversification, offsets some of the positive sentiment. The overall picture suggests a well-performing company where an executive is realizing earned compensation, leading to a 'hold' recommendation as the news is largely expected for a successful executive compensation plan, but the sale prevents a 'buy' signal.

Keywords

RTX Corp, Amy L. Johnson, Insider Trading, Form 4, SEC Filing, Stock Transactions, Restricted Stock Units, Performance Share Units, Stock Appreciation Rights, Equity Compensation, Corporate Officer, Share Sale, Share Acquisition, Executive Compensation