RTX (RTX) CEO exercises SARs, sells 63,568 common shares in market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RTX Corp Chairman, President and CEO Christopher T. Calio exercised stock appreciation rights for 31,199 shares of common stock at an exercise price of $76 per share, then disposed of a significant portion of the resulting shares.
He sold a total of 63,568 shares of common stock in open-market transactions and a disposition to the issuer, at weighted average prices around $203–$205 per share, leaving 90,268.18 shares held directly after these transactions and 4,427 shares held indirectly by a savings plan trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 63,568 shares ($12,955,182)
Net Sell
7 txns
Insider
Calio Christopher T.
Role
Chairman, President and CEO
Sold
63,568 shs ($12.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right | 31,199 | $0.00 | -- |
| Exercise | Common Stock | 31,199 | $76.00 | $2.37M |
| Sale | Common Stock | 1,041 | $205.255 | $214K |
| Sale | Common Stock | 11,420 | $204.7037 | $2.34M |
| Disposition | Common Stock | 11,604 | $204.33 | $2.37M |
| Sale | Common Stock | 51,107 | $203.5689 | $10.40M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Right — 0 shares (Direct);
Common Stock — 165,440.18 shares (Direct);
Common Stock — 4,427 shares (Indirect, By Savings Plan Trustee)
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 $204.11 to $205.09 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 $203.09 to $204.08 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.