RTX Corp (RTX) director Oliver George receives phantom stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oliver George reported acquisition or exercise transactions in this Form 4 filing.
RTX Corp director Oliver George received a grant of phantom stock units as part of his annual board compensation. On the reported date, he was awarded 1,260.8622 phantom stock units tied to RTX common stock under the Board of Directors Deferred Stock Unit Plan.
Following this grant, his balance under the plan increased to 17,129.6061 phantom stock units. These deferred units are paid in shares of common stock after retirement or termination, in either a lump sum or installments, according to his prior election.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Oliver George
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 1,260.862 | $176.07 | $222K |
Holdings After Transaction:
Phantom Stock Unit — 17,129.606 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom units granted: 1,260.8622 units
Reference price per unit: $176.0700 per unit
Total phantom units after grant: 17,129.6061 units
+1 more
4 metrics
Phantom units granted
1,260.8622 units
Phantom Stock Unit grant on transaction date
Reference price per unit
$176.0700 per unit
Transaction price per phantom stock unit
Total phantom units after grant
17,129.6061 units
Holdings following reported transaction
Underlying common stock
1,260.8622 shares
Underlying RTX common stock tied to new units
Key Terms
Phantom Stock Unit, Deferred Stock Unit Plan, non-employee director, deferred stock units, +1 more
5 terms
Phantom Stock Unit financial
"security_title": "Phantom Stock Unit""
Deferred Stock Unit Plan financial
"acquired these stock units under the RTX Corporation Board of Directors Deferred Stock Unit Plan"
non-employee director financial
"annual compensation for service as a non-employee director"
deferred stock units financial
"The Plan provides for payment of a portion or all of the annual compensation in deferred stock units."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
lump-sum or in installments financial
"distributed either in a lump-sum or in installments."
FAQ
What insider transaction did RTX (RTX) director Oliver George report?
RTX director Oliver George reported receiving 1,260.8622 phantom stock units as compensation. These units were granted under the Board of Directors Deferred Stock Unit Plan and increase his deferred stock-based holdings linked to RTX common shares.
How many RTX (RTX) phantom stock units does Oliver George hold after this grant?
After the latest grant, Oliver George holds 17,129.6061 phantom stock units. These deferred units represent future RTX common stock to be delivered after his retirement or termination, according to his distribution election under the plan.
What is the nature of the RTX (RTX) phantom stock unit grant to Oliver George?
The grant is a compensation-related award of phantom stock units, not an open-market purchase. The Form 4 shows an "A" transaction code for grant or award, reflecting routine non-employee director compensation under RTX’s deferred stock unit plan.
When will Oliver George receive RTX (RTX) common stock for these phantom units?
The phantom stock units convert into an equal number of RTX common shares upon his retirement or termination. Distribution then occurs either in a lump sum or installments, depending on the prior election made under the Board of Directors Deferred Stock Unit Plan.
Is the RTX (RTX) phantom stock grant to Oliver George a market signal?
The filing shows a routine compensation grant of phantom stock units, not a market trade. Because it is board compensation rather than an open-market buy or sell, it mainly reflects RTX’s director pay structure, not an active investment decision.