RTX (NYSE: RTX) non-employee director awarded deferred stock units
Rhea-AI Filing Summary
Work Robert O reported acquisition or exercise transactions in this Form 4 filing.
RTX Corp director Robert O. Work received a grant of 1,175.6688 phantom stock units as part of his annual non-employee director compensation under the company’s deferred stock unit plan. After this award, he holds a total of 18,389.0906 phantom stock units tied to RTX common stock.
Positive
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Insights
Routine board compensation grant using deferred stock units.
RTX granted director Robert O. Work 1,175.6688 phantom stock units as a non-cash component of his annual board compensation. These units track RTX common stock value and are issued under the Board of Directors Deferred Stock Unit Plan.
According to the plan, the director can take a portion or all of compensation in deferred stock units. Upon retirement or termination, the units convert one-for-one into RTX common shares, which are then distributed either in a lump-sum or installments, as previously elected.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Work Robert O
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 1,175.6688 | $176.07 | $207K |
Holdings After Transaction:
Phantom Stock Unit — 18,389.0906 shares (Direct)
Footnotes (1)
- F1. The reporting person acquired these stock units under the RTX Corporation Board of Directors Deferred Stock Unit Plan (the "Plan") in connection with the reporting person's annual compensation for service as a non-employee director. The Plan provides for payment of a portion or all of the annual compensation in deferred stock units. Upon retirement or termination, the deferred stock units in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.
Key Figures
Phantom stock units granted: 1,175.6688 units
Grant reference price: $176.07 per unit
Total phantom units after grant: 18,389.0906 units
+1 more
4 metrics
Phantom stock units granted
1,175.6688 units
Award on 2026-04-30 under board deferred stock plan
Grant reference price
$176.07 per unit
Phantom stock unit transaction price per unit
Total phantom units after grant
18,389.0906 units
Director’s phantom stock balance following transaction
Underlying common shares
1,175.6688 shares
Each phantom unit corresponds to one RTX common share
Key Terms
Phantom Stock Unit, Deferred Stock Unit Plan, deferred stock units, lump-sum
4 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")"
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.
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 financial
"distributed either in a lump-sum or in installments."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RTX (RTX) report for Robert O. Work?
RTX reported that director Robert O. Work received 1,175.6688 phantom stock units as a grant. This award represents part of his annual non-employee director compensation under RTX’s Board of Directors Deferred Stock Unit Plan.
Is the RTX Form 4 transaction a stock purchase or sale?
The Form 4 transaction is an acquisition of phantom stock units as compensation, not an open-market buy or sale. It reflects a grant under the deferred stock unit plan rather than trading activity in RTX common shares.
How many RTX phantom stock units does Robert O. Work hold after this grant?
After the grant, Robert O. Work holds a total of 18,389.0906 phantom stock units. These units are linked to RTX common stock and represent deferred compensation that will later settle in an equal number of RTX shares.
What is the RTX Board of Directors Deferred Stock Unit Plan?
The RTX Board of Directors Deferred Stock Unit Plan lets non-employee directors take annual compensation in deferred stock units. These units convert into an equal number of RTX common shares upon retirement or termination, distributed in a lump-sum or installments based on the director’s prior election.
When will Robert O. Work receive RTX common stock from these phantom units?
Under the plan, Robert O. Work’s phantom stock units convert into RTX common shares upon retirement or termination. At that time, shares are distributed either as a lump-sum or in installments, according to his previously chosen distribution election.