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*
JASPER PHILIP J

(Last) (First) (Middle)
1000 WILSON BLVD.

(Street)
ARLINGTON VA 22209

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/07/2024
3. Issuer Name and Ticker or Trading Symbol
RTX 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, Raytheon
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 12,232.186 D
Common Stock 2,201 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 12,181 (1) D
Restricted Stock Units 02/08/2024 (2) Common Stock 7,301 (2) D
Restricted Stock Units 02/08/2026 (2) Common Stock 2,837 (2) D
Restricted Stock Units 02/15/2025 (2) Common Stock 2,894 (2) D
Rockwell NQSP (3) (3) Common Stock 4,549.7203 (3) D
SRP Stock Unit (4) (4) Common Stock 1,259.1675 (4) D
Stock Appreciation Right 02/05/2022 02/04/2029 Common Stock 47,052 $71.62 D
Stock Appreciation Right 02/08/2024 02/07/2031 Common Stock 16,100(5) $72.49 D
Stock Appreciation Right 02/04/2023 02/03/2030 Common Stock 37,945 $90.73 D
Stock Appreciation Right 02/15/2025 02/14/2032 Common Stock 26,100(6) $94.04 D
Stock Appreciation Right 02/08/2026 02/07/2033 Common Stock 21,900(7) $97.65 D
Explanation of Responses:
1. These Restricted Stock Units ("RSUs") were awarded on January 28, 2020 in connection with the reporting person's membership in the RTX 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 2022 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 Rockwell Non-Qualified Savings Plan ("NQSP") stock unit is the economic equivalent of one share of RTX Common Stock. The reported NQSP stock units were acquired under legacy Rockwell Collins' NQSP, an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service.
4. 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.
5. In February 2021, in addition to the stock appreciation rights ("SARs") and not included in this number, the reporting person was also awarded 7,080 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.
6. In February 2022, in addition to the SARs and not included in this number, the reporting person was also awarded 5,745 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 ROIC, EPS growth and TSR relative to the S&P 500 and aerospace & defense peer companies over a three-year performance period.
7. In February 2023, in addition to the SARs and not included in this number, the reporting person was also awarded 5,530 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 ROIC, EPS growth and TSR relative to the S&P 500 and aerospace & defense peer companies over a three-year performance period.
Remarks:
jasper-poa_01052024.txt
/s/ Michelle G. Gewandter, as Attorney-In-Fact 01/17/2024
** 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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