RTX (RTX) CFO mixes SAR exercise with 35,755-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RTX Corp EVP and CFO Neil G. Mitchill Jr. reported a mix of option exercises and share sales. He exercised stock appreciation rights into 19,394 shares of common stock at an exercise price of $76.00 per share, increasing his direct holdings before subsequent dispositions.
On the same date, he disposed of 3,473 and 3,697 shares back to the issuer and sold 5,921, 6,303 and 23,531 shares of common stock in open-market transactions at weighted average prices around $205.54 to $205.58 per share, based on price ranges detailed in the footnotes. After these transactions, he directly held 59,556 common shares and indirectly held 1,475 shares through a savings plan trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 35,755 shares ($7,349,900)
Net Sell
10 txns
Insider
Mitchill Neil G. JR
Role
EVP, Chief Financial Officer
Sold
35,755 shs ($7.35M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right | 9,394 | $0.00 | -- |
| Exercise | Stock Appreciation Right | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $76.00 | $760K |
| Exercise | Common Stock | 9,394 | $76.00 | $714K |
| Disposition | Common Stock | 3,473 | $205.53 | $714K |
| Disposition | Common Stock | 3,697 | $205.56 | $760K |
| Sale | Common Stock | 5,921 | $205.5428 | $1.22M |
| Sale | Common Stock | 6,303 | $205.5364 | $1.30M |
| Sale | Common Stock | 23,531 | $205.575 | $4.84M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Right — 10,000 shares (Direct);
Common Stock — 93,087 shares (Direct);
Common Stock — 1,475 shares (Indirect, By Savings Plan Trustee)
Footnotes (1)
- The Stock Appreciation Rights (SARs) were settled in shares in accordance with the 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. The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $205.5417 to $205.625 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request. The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $205.5329 to $205.675 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request. The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $205.00 to $206.00 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request.
FAQ
What insider transactions did RTX (RTX) CFO Neil G. Mitchill Jr. report?
Neil G. Mitchill Jr., EVP and Chief Financial Officer of RTX, reported exercising stock appreciation rights into 19,394 common shares and then disposing and selling shares. Transactions included issuer dispositions and open-market sales, leaving him with 59,556 directly held shares and 1,475 indirectly held shares.
What stock appreciation right activity did RTX (RTX) disclose for its CFO?
RTX disclosed that Neil G. Mitchill Jr. exercised stock appreciation rights settled in shares, acquiring 19,394 RTX common shares at an exercise price of $76.00 per share. Footnotes explain this as an exempt acquisition for Section 16 purposes, with a simultaneous sale back to the issuer for part of the underlying value.