Form 4: Textron Inc. Director James L. Ziemer Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director James L. Ziemer reported the acquisition of deferred stock units in Textron Inc. on September 30, 2024.
Summary
- On September 30, 2024, James L. Ziemer, a director of Textron Inc., acquired 42.498 deferred stock units.
- These deferred stock units are valued based on the price of Textron Inc. common stock.
- The price per unit was $88.239.
- Following the transaction, Ziemer directly owns 83,256.112 shares of Textron Inc. common stock.
- The deferred stock units are payable in cash upon the conclusion of Ziemer's service on the Textron Inc. Board of Directors.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company director, indicating standard compensation practices.
Future Outlook
The deferred stock units will be paid out in cash upon the conclusion of the Reporting Person's service on the Textron Inc. Board of Directors.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of deferred stock units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Acquisition of deferred stock units. |
| 10/01/2024 | Date of signature on the report. |
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