RTX Corp (NYSE: RTX) director receives 1,295 phantom stock units as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RTX Corp director Tracy A. Atkinson reported receiving a grant of 1,294.9395 Phantom Stock Units on April 30, 2026. These units were awarded as part of annual compensation for service as a non-employee director under the RTX Corporation Board of Directors Deferred Stock Unit Plan.
Following this grant, Atkinson holds a total of 16,668.3700 Phantom Stock Units. Under the plan, each deferred stock unit converts into one share of RTX common stock upon retirement or termination, delivered in a lump sum or installments based on the director’s prior election.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Atkinson Tracy A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 1,294.94 | $176.07 | $228K |
Holdings After Transaction:
Phantom Stock Unit — 16,668.37 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom Stock Units granted: 1,294.9395 units
Unit valuation: $176.0700 per unit
Total Phantom Stock Units after grant: 16,668.3700 units
+1 more
4 metrics
Phantom Stock Units granted
1,294.9395 units
Grant on April 30, 2026 to Tracy A. Atkinson
Unit valuation
$176.0700 per unit
Value used for Phantom Stock Unit grant
Total Phantom Stock Units after grant
16,668.3700 units
Balance following reported transaction
Underlying common stock
1,294.9395 shares
Common shares underlying new Phantom Stock Units
Key Terms
Phantom Stock Unit, Deferred Stock Unit Plan, deferred stock units
3 terms
Phantom Stock Unit financial
"The reporting person acquired these stock units under the RTX Corporation Board of Directors Deferred Stock Unit Plan"
Deferred Stock Unit Plan financial
"acquired these stock units under the RTX Corporation Board of Directors Deferred Stock Unit Plan (the "Plan")"
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.
FAQ
What insider transaction did RTX (RTX) director Tracy Atkinson report?
RTX director Tracy A. Atkinson reported receiving 1,294.9395 Phantom Stock Units as a grant. The award was part of annual compensation for serving as a non-employee director under RTX’s Board of Directors Deferred Stock Unit Plan.
How many RTX (RTX) Phantom Stock Units does Tracy Atkinson hold after this Form 4?
After this grant, Tracy A. Atkinson holds 16,668.3700 Phantom Stock Units. This total reflects all phantom units credited to her account under the RTX Corporation Board of Directors Deferred Stock Unit Plan as of the reported transaction date.
What is the value per RTX (RTX) Phantom Stock Unit in this grant?
Each Phantom Stock Unit in this grant was valued at $176.0700 per unit. This price is used to determine the number of deferred stock units credited as part of Atkinson’s annual non-employee director compensation under the RTX deferred stock unit plan.
How do RTX (RTX) Phantom Stock Units convert into common stock?
Under the RTX Corporation Board of Directors Deferred Stock Unit Plan, each deferred stock unit converts into one share of RTX common stock. Conversion occurs upon the director’s retirement or termination, with distribution in a lump sum or installments based on a prior election.
Is Tracy Atkinson’s RTX (RTX) Phantom Stock Unit award a market purchase or a compensation grant?
The Phantom Stock Unit award is a compensation grant, not a market purchase. It was acquired under RTX’s Board of Directors Deferred Stock Unit Plan as part of Atkinson’s annual compensation for serving as a non-employee director.