RTX Corp (NYSE: RTX) director receives phantom stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RTX Corp director Fredric Reynolds received a grant of 1,346.0555 phantom stock units on April 30, 2026 as part of his annual compensation for serving as a non-employee director. These units were awarded under the RTX Corporation Board of Directors Deferred Stock Unit Plan.
Under the plan, directors may take a portion or all of their board compensation in deferred stock units instead of cash. When Reynolds retires or his board service ends, his accumulated deferred stock units, totaling 24,799.1017 units after this grant, will be converted into an equal number of RTX common shares and distributed in a lump sum or installments, based on his prior election.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reynolds Fredric
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 1,346.056 | $176.07 | $237K |
Holdings After Transaction:
Phantom Stock Unit — 24,799.102 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock units granted: 1,346.0555 units
Reference price per unit: $176.0700 per unit
Total phantom units after grant: 24,799.1017 units
+1 more
4 metrics
Phantom stock units granted
1,346.0555 units
Grant on April 30, 2026 as director compensation
Reference price per unit
$176.0700 per unit
Price field associated with the April 30, 2026 grant
Total phantom units after grant
24,799.1017 units
Director’s deferred stock unit balance following transaction
Underlying common stock
1,346.0555 shares
Common stock underlying the new phantom stock units
Key Terms
Phantom Stock Unit, Deferred Stock Unit Plan, non-employee director
3 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"
A deferred stock unit plan grants employees or executives hypothetical share units that convert into actual shares or cash at a future date, often after meeting conditions like continued employment or retirement. It matters to investors because it ties pay to long-term performance and creates a future claim on the company’s stock or cash, which can dilute existing shareholders or signal management’s confidence in future value — like a delayed bonus paid in ownership.
non-employee director financial
"annual compensation for service as a non-employee director"
FAQ
What did RTX (RTX) director Fredric Reynolds report in this Form 4?
Fredric Reynolds reported receiving 1,346.0555 phantom stock units as part of his annual compensation for serving as a non-employee director. These units are awarded under RTX’s Board of Directors Deferred Stock Unit Plan rather than through open-market purchases.
How many RTX (RTX) phantom stock units does Fredric Reynolds hold after this grant?
After the April 30, 2026 grant, Fredric Reynolds holds 24,799.1017 phantom stock units. These units represent deferred compensation that will later convert into an equal number of RTX common shares when his board service ends or he retires, according to his distribution election.
Is the RTX (RTX) Form 4 transaction an open-market stock purchase or sale?
The Form 4 transaction is not an open-market purchase or sale. It is a grant of 1,346.0555 phantom stock units awarded as annual compensation under the RTX Corporation Board of Directors Deferred Stock Unit Plan for Reynolds’ service as a non-employee director.
How will Fredric Reynolds’ RTX (RTX) phantom stock units be settled in the future?
Upon retirement or termination of his board service, Reynolds’ deferred stock units will convert into an equal number of RTX common shares. The resulting shares will then be distributed either in a lump sum or in installments, based on his prior election under the plan.
What is the purpose of RTX (RTX) Board of Directors Deferred Stock Unit Plan?
The Deferred Stock Unit Plan lets non-employee directors receive some or all of their annual compensation as phantom stock units instead of cash. These units track RTX common stock value and convert into actual shares when the director leaves the board or retires.