Textron Inc. (NYSE: TXT) EVP gains stock units via savings plan contribution
Rhea-AI Filing Summary
Textron Inc.'s Executive Vice President, General Counsel & Secretary reported acquiring 367.826 stock units tied to Textron common stock on 01/02/2026. The units were credited at a reference price of $87.05 per unit under the Textron Spillover Savings Plan, which also includes units from dividend reinvestment transactions. Following this transaction, the executive beneficially owns a total of 6,975.283 stock units, which are payable in cash upon the conclusion of the executive's employment with Textron.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Textron (TXT) disclose in this filing?
The filing reports that Textron's Executive Vice President, General Counsel & Secretary acquired 367.826 stock units tied to Textron common stock on 01/02/2026.
At what value were the Textron (TXT) stock units recorded?
Each stock unit is valued based on the value of one share of Textron Inc. common stock, with this transaction reflecting a reference price of $87.05 per unit.
What plan was used to acquire the Textron (TXT) stock units?
The 367.826 stock units were acquired pursuant to the Textron Spillover Savings Plan, which also covers units from dividend reinvestment transactions.
How many Textron (TXT) stock units does the executive own after this transaction?
After the reported transaction, the executive beneficially owns 6,975.283 stock units linked to Textron common stock.
How will the Textron (TXT) stock units be settled in the future?
The stock units are payable in cash upon the conclusion of the reporting person's employment with Textron Inc.
Is this Textron (TXT) insider transaction in derivative or non-derivative securities?
The transaction involves derivative securities in the form of stock units that track the value of Textron common stock.