SEC Form 4 · accession 0001225208-18-002225
RTX Corp · RTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J McDonough
Officer — President, UTC CCS
Period of report
Feb 5, 2018
Accepted (ET)
Feb 7, 2018 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000101829
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 18,051 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1 | $112.49 | Feb 5, 2018 | A | 11,745 | A | Feb 12, 2018 | Jan 1, 2024 | Common Stock | 11,745 | 11,745 | D |
Explanation of responses
- F1On January 2, 2014, the reporting person was granted 69,500 performance stock appreciation rights (PSARs). Vesting of the awards was subject to achieving pre-established business unit earnings, sales and other financial targets, and final review of company financial results by the Board. The first half of the PSARs vested on February 8, 2016 at the 94.4% level and became exercisable on February 10, 2016. The performance period for the second half of the PSARs ended on December 31, 2017. The performance criteria were satisfied at the 33.8% level, resulting in the vesting of 11,745 stock appreciation rights and the cancellation of 23,005 stock appreciation rights.