0001225208-20-006407.txt : 20200413
0001225208-20-006407.hdr.sgml : 20200413
20200413163346
ACCESSION NUMBER: 0001225208-20-006407
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200403
FILED AS OF DATE: 20200413
DATE AS OF CHANGE: 20200413
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Balsbough Douglas
CENTRAL INDEX KEY: 0001808280
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00812
FILM NUMBER: 20789071
MAIL ADDRESS:
STREET 1: 10 FARM SPRINGS ROAD
CITY: FARMINGTON
STATE: CT
ZIP: 06032
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: RAYTHEON TECHNOLOGIES CORP
CENTRAL INDEX KEY: 0000101829
STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724]
IRS NUMBER: 060570975
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 870 WINTER STREET
CITY: WALTHAM
STATE: MA
ZIP: 02451
BUSINESS PHONE: 8607287000
MAIL ADDRESS:
STREET 1: 870 WINTER STREET
CITY: WALTHAM
STATE: MA
ZIP: 02451
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED TECHNOLOGIES CORP /DE/
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED TECHNOLOGIES MICROELECTRONICS CENTER
DATE OF NAME CHANGE: 19850825
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED TECHNOLOGIES CORP
DATE OF NAME CHANGE: 19841205
3
1
doc3.xml
X0206
3
2020-04-03
0
0000101829
RAYTHEON TECHNOLOGIES CORP
RTX
0001808280
Balsbough Douglas
870 WINTER STREET
WALTHAM
MA
02451
1
EVP & Chief HR Officer
Common Stock
5577.0000
D
Common Stock
10253.0000
I
By Savings Plan Trustee
Restricted Stock Units
Common Stock
6570.0000
D
Restricted Stock Units RSU
2021-01-02
Common Stock
1098.0000
D
Restricted Stock Units RSU
2023-02-04
Common Stock
4125.0000
D
Restricted Stock Units RSU
2022-02-05
Common Stock
1285.0000
D
Restricted Stock Units RSU
2021-05-01
Common Stock
6595.0000
D
SRP Stock Unit
Common Stock
711.3420
D
Stock Appreciation Right
84.0000
2016-01-02
2023-01-01
Common Stock
9800.0000
D
Stock Appreciation Right
95.5700
2019-01-04
2026-01-03
Common Stock
10600.0000
D
Stock Appreciation Right
110.8300
2020-01-03
2027-01-02
Common Stock
12600.0000
D
Stock Appreciation Right
112.4900
2017-01-02
2024-01-01
Common Stock
7000.0000
D
Stock Appreciation Right
115.0400
2018-01-02
2025-01-01
Common Stock
7500.0000
D
Stock Appreciation Right
120.7700
2022-02-05
2029-02-04
Common Stock
17300.0000
D
Stock Appreciation Right
128.1600
2021-01-02
2028-01-01
Common Stock
14500.0000
D
Stock Appreciation Right
153.0000
2023-02-04
2030-02-03
Common Stock
23000.0000
D
These Restricted Stock Units (RSU) were awarded in connection with the reporting person's membership in legacy United Technologies Corporation's (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 Raytheon Technologies Corporation (RTC) Common Stock upon a Qualifying Separation from RTC (as defined in Exhibit 10.6 of UTC's 2019 Form 10-K).
On April 3, 2020, United Technologies Corporation completed its separation into three independent, publicly-traded companies (the Separation) United Technologies Corporation, Carrier Global Corporation, and Otis Worldwide Corporation and, immediately following the Separation, United Technologies Corporation completed its merger of equals with Raytheon Company. In connection with the Separation, all equity awards held by the reporting person with respect to United Technologies Corporation common stock as of the Separation are being equitably adjusted. The amount of securities, and the applicable exercise price (if any), reported on this Form 3 do not reflect such adjustment and this Form 3 will be amended in a subsequent filing to reflect such adjustment.
Each RSU, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of RTC Common Stock.
Each Savings Restoration Plan (SRP) stock unit is the economic equivalent of one share of RTC common stock. The reported SRP stock units were acquired under legacy UTC's Savings Restoration Plan, an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service.
In February 2019, the reporting person was also awarded 1,880 performance share units (PSUs) under the legacy UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of RTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for RTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period.
The amount of securities reported on this Form 3 do not reflect the Separation-related equitable adjustment to equity awards held by the reporting person and this Form 3 will be amended in a subsequent filing to reflect such adjustment.
In January 2018, the reporting person was also awarded 1,580 performance share units (PSUs) under the legacy UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of RTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for RTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period.
The amount of securities reported on this Form 3 do not reflect the Separation-related equitable adjustment to equity awards held by the reporting person and this Form 3 will be amended in a subsequent filing to reflect such adjustment.
balsbough.txt
/s/ Dana Ng as Attorney-In-Fact
2020-04-13
EX-24
2
balsbough.txt
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENCE that the undersigned hereby constitutes and
appoints Frank R. Jimenez, Dana Ng, James G. Marchetti, Richard A. Calame and
Michelle G. Gewandter to be his or her true and lawful attorney-in-fact and
agent to execute and file for and on behalf of the undersigned (i) and, if
applicable, 144 (including any amendments thereto and any successors to such
Forms) with respect to ownership of securities of Raytheon Technologies
Corporation of the Company) that the undersigned may be required to file with
the Securities and Exchange Commission in accordance with Section 16(a) of the
Securities Exchange Act of 1934 and the rules thereunder and/or Rule 144 under
the Securities Act of 1933, and (ii) as necessary, any other documents necessary
or appropriate to obtain codes and passwords enabling the undersigned to file
such reports electronically. The undersigned acknowledges that the foregoing
attorney-in-fact, in serving in such capacity at the request of the undersigned,
is not assuming, nor is the Company assuming, any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934 and/or Rule 144 under the Securities Act of 1933. This Power of Attorney
shall remain in full force and effect until the undersigned is no longer
required to file Forms 3,4,5 and, if applicable, 144 with respect to the
undersigned's holdings and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorney-in-fact. This Power of Attorney also serves to revoke and
replace as of the date hereof, any prior Power of Attorney executed by the
undersigned with respect to the ownership of securities of the Company.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 3rd day of April 2020.
/s/Douglas Balsbough
Douglas Balsbough