SEC Form 4 · accession 0001225208-18-002926
RTX Corp · RTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Akhil Johri
Officer — Executive VP and CFO
Period of report
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 5:25 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 StockF1 | Feb 12, 2018 | A | 2,716 | $127.38 | A | 36,140 | D | |
| Common Stock | Feb 12, 2018 | F | 64 | $127.38 | D | 36,076 | D | |
| Common Stock | holding | — | — | — | 4,394 | I | By Savings Plan Trustee |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The acquisition of deferred stock units represents the vesting of performance share units (PSUs) awarded to the reporting person on January 2, 2015, under the UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC common stock. The PSUs vested solely upon achievement of pre-established performance targets for UTC's earnings per share growth and total shareholder return over a three-year performance period, which ended on December 31, 2017. The performance criteria were satisfied at the 28% level. The reporting person previously elected to defer receipt of the actual shares of common stock that otherwise would be received upon the vesting of these PSUs and instead acquired deferred stock units that settle exclusively in shares and are included in Table 1 as common stock equivalents. Each deferred stock unit has a value equal to one share of UTC common stock.