SEC FORM 3

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^*

Mitchill Neil G. JR

(Last)

(First)

(Middle)

870 WINTER STREET

(Street)

WALTHAM

02451

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/07/2021

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)
	Chief Financial Officer

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	14,613	D
Common Stock	890	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Restricted Stock Units	⁽¹⁾	⁽¹⁾	Common Stock	16,854	⁽¹⁾	D
Restricted Stock Units	02/04/2023	⁽²⁾	Common Stock	9,769	⁽²⁾	D
Restricted Stock Units	02/05/2022	⁽²⁾	Common Stock	14,777	⁽²⁾	D
Restricted Stock Units	02/08/2024	⁽²⁾	Common Stock	8,330	⁽²⁾	D
SRP Stock Unit	⁽³⁾	⁽³⁾	Common Stock	2,291.0069	⁽³⁾	D
Stock Appreciation Right	01/04/2019	01/03/2026	Common Stock	11,236	$71.01	D
Stock Appreciation Right	02/05/2022	02/04/2029	Common Stock	46,377⁽⁴⁾	$71.62	D
Stock Appreciation Right	02/08/2024	02/07/2031	Common Stock	18,900⁽⁵⁾	$72.49	D
Stock Appreciation Right	01/02/2021	01/01/2028	Common Stock	19,394	$76	D
Stock Appreciation Right	09/02/2017	09/01/2024	Common Stock	9,023	$81.02	D
Stock Appreciation Right	01/03/2020	01/02/2027	Common Stock	8,938	$82.35	D
Stock Appreciation Right	01/02/2018	01/01/2025	Common Stock	5,873	$85.47	D
Stock Appreciation Right	02/04/2023	02/03/2030	Common Stock	52,280	$90.73	D

Explanation of Responses:

1. 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).

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 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.

5. 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.

Remarks:

mitchill-poa_04142021.txt

	/s/ Dana Ng as Attorney-In-Fact	04/16/2021
	** 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).
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