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