RTX director granted 1,175 phantom stock units
Work Robert O reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 1,175.6688 | $176.07 | $207K |
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
Key Terms
Phantom Stock Unit financial
Deferred Stock Unit Plan financial
deferred stock units financial
lump-sum financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RTX (RTX) report for Robert O. Work?
Is the RTX Form 4 transaction a stock purchase or sale?
How many RTX phantom stock units does Robert O. Work hold after this grant?
What is the RTX Board of Directors Deferred Stock Unit Plan?
When will Robert O. Work receive RTX common stock from these phantom units?
AI-generated analysis. How Rhea-AI works. Not financial advice.