Wesley D. Kremer - Feb 15, 2022 Form 4 Insider Report for RAYTHEON TECHNOLOGIES CORP (RTX)

Role: President, RMD
Signature: /s/ Dana Ng as Attorney-In-Fact
Stock symbol: RTX
Transactions as of: Feb 15, 2022
Transactions value $: $7,677,012
Form type: 4
Date filed: 2/17/2022, 04:16 PM
Previous filing: Feb 1, 2022
Next filing: Mar 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RTX	Common Stock	Sale	-$1.42M	-15.1K	-17.02%	$93.92	73.5K	Feb 17, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RTX	Stock Appreciation Right	Award	$9.09M	+96.7K		$94.04	96.7K	Feb 15, 2022	Common Stock	96.7K	$94.04	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $93.9101 to $94.0102 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.
F2	This number reflects only stock appreciation rights (SARs) with these specific grant details and does not include other SARs. In addition to the SARs and not included in this number, the reporting person was also awarded 31,905 performance share units (PSUs) under the RTX Long-Term Incentive Plan. Each PSU has a value equal to one share of RTX Common Stock. These PSUs vest solely upon achievement of pre-established performance goals for RTX's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 and aerospace & defense peer companies over a three year performance period.

Content

The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $93.9101 to $94.0102 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.

This number reflects only stock appreciation rights (SARs) with these specific grant details and does not include other SARs. In addition to the SARs and not included in this number, the reporting person was also awarded 31,905 performance share units (PSUs) under the RTX Long-Term Incentive Plan. Each PSU has a value equal to one share of RTX Common Stock. These PSUs vest solely upon achievement of pre-established performance goals for RTX's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 and aerospace & defense peer companies over a three year performance period.