RTX (RTX) CFO mixes SAR exercise with 35,755-share open-market sale
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
| 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 | -- | -- | -- |
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?
What stock appreciation right activity did RTX (RTX) disclose for its CFO?