SEC Form 4 · accession 0001225208-19-002447
RTX Corp · RTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Hayes
Officer — Chairman, President and CEO · Director
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 4:35 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 11, 2019 | A | 61,480 | $122.72 | A | 170,446 | D | |
| Common Stock | Feb 11, 2019 | F | 27,335 | $122.72 | D | 143,111 | D | |
| Common StockF2 | Feb 12, 2019 | M | 86,000 | $71.63 | A | 229,111 | D | |
| Common StockF3 | Feb 12, 2019 | S | 35,942 | $123.8131 | D | 193,169 | D | |
| Common Stock | Feb 12, 2019 | D | 50,058 | $123.06 | D | 143,111 | D | |
| Common Stock | holding | — | — | — | 164 | I | By Children's Trust Accounts | |
| Common Stock | holding | — | — | — | 5,184 | I | By Savings Plan Trustee | |
| Common Stock | holding | — | — | — | 874 | I | By Spouse | |
| Common Stock | holding | — | — | — | 1,303 | I | By Spouse's Savings Plan Account |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $71.63 | Feb 12, 2019 | M | 86,000 | D | Jan 4, 2013 | Jan 3, 2020 | Common Stock | 86,000 | 0 | D |
Explanation of responses
- F1The acquisition of shares of UTC common stock represents the vesting of performance share units (PSUs) previously awarded on January 4, 2016 to the reporting person under the United Technologies Corporation Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period. The performance criteria were satisfied at the 116% level.
- F2The Stock Appreciation Rights (SARs) were settled in shares in accordance with terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.
- F3The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $123.00 to $124.30 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.