SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Eddy Shane G

(Last) (First) (Middle)
870 WINTER STREET

(Street)
WALTHAM MA 02451

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2022
3. Issuer Name and Ticker or Trading Symbol
RAYTHEON TECHNOLOGIES CORP [ RTX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, P&W
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 20,794 D
Common Stock 88 I By Savings Plan Trustee
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) (1) Common Stock 28,124 (1) D
Restricted Stock Units 02/04/2023 (2) Common Stock 7,637 (2) D
Restricted Stock Units 02/08/2024 (2) Common Stock 7,463 (2) D
Restricted Stock Units 12/11/2022 (2) Common Stock 12,069 (2) D
SRP Stock Unit (3) (3) Common Stock 2,638.8219 (3) D
Stock Appreciation Right 02/05/2022 02/04/2029 Common Stock 50,594 $71.62 D
Stock Appreciation Right 02/08/2024 02/07/2031 Common Stock 16,600(4) $72.49 D
Stock Appreciation Right 11/01/2019 10/31/2026 Common Stock 8,427 $75.79 D
Stock Appreciation Right 01/02/2021 01/01/2028 Common Stock 25,297 $76 D
Stock Appreciation Right 01/03/2020 01/02/2027 Common Stock 11,917 $82.35 D
Stock Appreciation Right 01/02/2017 01/01/2024 Common Stock 6,725 $83.58 D
Stock Appreciation Right 01/02/2018 01/01/2025 Common Stock 7,406 $85.47 D
Stock Appreciation Right 02/04/2023 02/03/2030 Common Stock 40,475 $90.73 D
Stock Appreciation Right 02/15/2025 02/14/2032 Common Stock 58,000(5) $94.04 D
Explanation of Responses:
1. These Restricted Stock Units ("RSUs") were awarded on November 1, 2016 in connection with the reporting person's membership in the Raytheon Technologies Corporation ("RTX") (formerly United Technologies Corporation ("UTC")) Executive Leadership Group ("ELG"). Following three years of ELG service, each RSU, including accumulated dividend equivalents, represents a right to receive one share of RTX Common Stock upon a Qualifying Separation from RTX (as defined in Exhibit 10.6 of RTX's 2021 Form 10-K).
2. Each RSU, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of RTX Common Stock.
3. Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of RTX Common Stock. The reported SRP stock units were acquired under legacy United Technologies Corporation's Savings Restoration Plan, an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service.
4. In February 2021, in addition to the stock appreciation rights ("SARs") and not included in this number, the reporting person was also awarded 7,285 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 ("ROIC"), earnings per share ("EPS) growth and total shareholder return ("TSR") relative to the S&P 500 and aerospace & defense peer companies. The performance period for EPS growth and ROIC is one-year, followed by a two-year holding period. Both TSR goals have a three-year performance period.
5. In February 2022, in addition to the SARs and not included in this number, the reporting person was also awarded 19,145 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.
Remarks:
eddy-poa_02162022.txt
/s/ Dana Ng as Attorney-In-Fact 03/09/2022
** 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 5 (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).
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