0001225208-21-006801.txt : 20210416
0001225208-21-006801.hdr.sgml : 20210416
20210416130151
ACCESSION NUMBER: 0001225208-21-006801
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20210407
FILED AS OF DATE: 20210416
DATE AS OF CHANGE: 20210416
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mitchill Neil G. JR
CENTRAL INDEX KEY: 0001633746
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00812
FILM NUMBER: 21830752
MAIL ADDRESS:
STREET 1: UNITED TECHNOLOGIES CORPORATION
STREET 2: 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: 781-522-3000
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
2021-04-07
0
0000101829
RAYTHEON TECHNOLOGIES CORP
RTX
0001633746
Mitchill Neil G. JR
870 WINTER STREET
WALTHAM
MA
02451
1
Chief Financial Officer
Common Stock
14613.0000
D
Common Stock
890.0000
I
By Savings Plan Trustee
Restricted Stock Units
Common Stock
16854.0000
D
Restricted Stock Units
2023-02-04
Common Stock
9769.0000
D
Restricted Stock Units
2022-02-05
Common Stock
14777.0000
D
Restricted Stock Units
2024-02-08
Common Stock
8330.0000
D
SRP Stock Unit
Common Stock
2291.0069
D
Stock Appreciation Right
71.0100
2019-01-04
2026-01-03
Common Stock
11236.0000
D
Stock Appreciation Right
71.6200
2022-02-05
2029-02-04
Common Stock
46377.0000
D
Stock Appreciation Right
72.4900
2024-02-08
2031-02-07
Common Stock
18900.0000
D
Stock Appreciation Right
76.0000
2021-01-02
2028-01-01
Common Stock
19394.0000
D
Stock Appreciation Right
81.0200
2017-09-02
2024-09-01
Common Stock
9023.0000
D
Stock Appreciation Right
82.3500
2020-01-03
2027-01-02
Common Stock
8938.0000
D
Stock Appreciation Right
85.4700
2018-01-02
2025-01-01
Common Stock
5873.0000
D
Stock Appreciation Right
90.7300
2023-02-04
2030-02-03
Common Stock
52280.0000
D
These Restricted Stock Units ("RSUs") were awarded on February 13, 2017 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 UTC's 2018 Form 10-K).
Each RSU, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of RTX Common Stock.
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.
In February 2019, in addition to the stock appreciation rights ("SARs") and not included in this number, the reporting person was also awarded performance share units ("PSUs") under the legacy United Technologies Corporation Long-Term Incentive Plan. Following the separation of Otis Worldwide Corporation and Carrier Global Corporation from United Technologies Corporation ("UTC") on April 3, 2020 (after which UTC completed its merger of equals with Raytheon Company to form RTX), these PSUs were converted to RSUs and relate to 10,287 shares of RTX Common Stock. Each RSU represents the right to receive one share of RTX Common Stock.
In February 2021, in addition to the SARs and not included in this number, the reporting person was also awarded 8,280 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.
mitchill-poa_04142021.txt
/s/ Dana Ng as Attorney-In-Fact
2021-04-16
EX-24
2
mitchill-poa_04142021.txt
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS 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) any reports
on Forms 3, 4, 5 and, if applicable, 144 (including any amendments thereto and
any successors to such Forms) with respect to ownership of securities of
Raytheon Technologies Corporation (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 14th day of April, 2021.
/s/ Neil G. Mitchill, Jr.
Name: Neil G. Mitchill, Jr.