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Textron (TXT) EVP Lupone receives equity awards and withholds shares for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Textron Inc. executive E. Robert Lupone reported equity awards and related share withholding. On March 1, 2026, he acquired 19,075 stock options at $0.00 per share and 5,587 shares of common stock at $0.00 per share as grants or awards. The option award vests in three equal annual installments beginning on March 1, 2027 and was issued under the Textron Inc. 2024 Long-Term Incentive Plan. To cover tax obligations, 2,423 shares of common stock were disposed of at $98.65 per share through a tax-withholding transaction, leaving 107,155.18 directly owned common shares. In addition, 6,470.222 shares of common stock are held indirectly for his benefit in the Textron Savings Plan as of March 1, 2026.

Positive

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Insider Lupone E Robert
Role EVP, General Counsel & Secy
Type Security Shares Price Value
Grant/Award Employee Stock Option (Right to Buy) 19,075 $0.00 --
Grant/Award Common Stock 5,587 $0.00 --
Tax Withholding Common Stock 2,423 $98.65 $239K
holding Common Stock -- -- --
Holdings After Transaction: Employee Stock Option (Right to Buy) — 19,075 shares (Direct); Common Stock — 109,578.18 shares (Direct); Common Stock — 6,470.222 shares (Indirect, Held on behalf of Reporting Person by the Textron Savings Plan (as of 03/01/2026).)
Footnotes (1)
  1. The option vests in three (3) equal annual installments beginning on March 1, 2027. Issued pursuant to the Textron Inc. 2024 Long-Term Incentive Plan.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lupone E Robert
(Last) (First) (Middle)
TEXTRON INC.
40 WESTMINSTER STREET
(Street)
PROVIDENCE RI 02903
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TEXTRON INC [ TXT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, General Counsel & Secy
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/01/2026 A 5,587 A $0 109,578.18 D
Common Stock 03/01/2026 F 2,423 D $98.65 107,155.18 D
Common Stock 6,470.222 I Held on behalf of Reporting Person by the Textron Savings Plan (as of 03/01/2026).
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $98.65 03/01/2026 A 19,075 (1) 03/01/2036 Common Stock 19,075 $0(2) 19,075 D
Explanation of Responses:
1. The option vests in three (3) equal annual installments beginning on March 1, 2027.
2. Issued pursuant to the Textron Inc. 2024 Long-Term Incentive Plan.
Remarks:
/s/ Jayne M. Donegan, Attorney-in-Fact 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Textron (TXT) executive E. Robert Lupone report?

E. Robert Lupone reported equity grants and tax withholding transactions. He received stock options and common shares as awards, and some shares were disposed of to satisfy tax obligations, while his direct and indirect ownership levels were updated in the report.

How many Textron (TXT) stock options did E. Robert Lupone receive?

He received 19,075 employee stock options with a grant price of $0.00 per share. These options are part of his long-term incentive compensation and vest over time, beginning in 2027, aligning his interests with longer-term company performance.

What common stock awards did E. Robert Lupone receive from Textron (TXT)?

He was granted 5,587 shares of Textron common stock at $0.00 per share as a stock award. This grant increases his direct equity stake in the company, complementing the stock option award received on the same date.

Why did E. Robert Lupone dispose of Textron (TXT) shares at $98.65?

He disposed of 2,423 Textron common shares at $98.65 per share in a tax-withholding transaction. This means shares were withheld or delivered to cover tax liabilities associated with his equity awards, not an open-market sale.

What is the vesting schedule for E. Robert Lupone’s Textron stock options?

The option vests in three equal annual installments beginning on March 1, 2027. This staged vesting structure encourages retention and links the ultimate benefit of the options to Textron’s performance over several years following the grant.

Under which plan were E. Robert Lupone’s Textron (TXT) awards issued?

His equity awards were issued under the Textron Inc. 2024 Long-Term Incentive Plan. This plan governs the grant of stock options and share awards designed to motivate and retain key employees through performance-linked, equity-based compensation.

How many Textron (TXT) shares does E. Robert Lupone hold directly and indirectly after these transactions?

After the reported transactions, he directly owns 107,155.18 Textron common shares. Additionally, 6,470.222 Textron common shares are held indirectly on his behalf in the Textron Savings Plan as of March 1, 2026, supplementing his direct holdings.