Textron 2020 Proxy Statement

You are entitled to vote all shares of common stock registered in your name at the close of business on March 2, 2020. If your shares are held in the name of your broker or bank and you wish to attend the meeting in person and vote your shares, your broker or bank must issue to you a proxy covering your shares. As permitted by the rules of the Securities and Exchange Commission, we are making our proxy materials available to shareholders primarily via the Internet, rather than mailing printed copies of these materials to shareholders. On March 6, 2020, we mailed to many of our shareholders a Notice of Internet Availability of Proxy Materials (the “Notice”) containing instructions on how to access and review our proxy materials, including our Proxy Statement and the Annual Report to Shareholders, and vote online. This process is designed to expedite shareholders’ receipt of proxy materials, lower the cost of the annual meeting, and help conserve natural resources. If you received a Notice by mail, you will not receive a printed copy of the proxy materials unless you request one. If you would prefer to receive printed proxy materials, please follow the instructions included in the Notice. Shareholders who requested paper copies of the proxy materials or previously elected to receive our proxy materials electronically did not receive the Notice and will receive the proxy materials in the format requested. Whether or not you plan to attend the meeting, we urge you to cast your vote as soon as possible so that your shares may be represented at the meeting. You may vote your shares via the Internet or by telephone by following the instructions included on the Notice. Alternatively, if you received paper copies of the proxy materials by mail, you can also vote by mail by following the instructions on the proxy card. A list of shareholders entitled to vote at the 2020 annual meeting will be open to examination by any shareholder for any purpose germane to the meeting, for ten days prior to the meeting, at Textron’s principal executive office, 40 Westminster Street, Providence, Rhode Island 02903. By order of the Board of Directors, E. Robert Lupone Executive Vice President, General Counsel and Secretary Providence, Rhode Island March 6, 2020 1 2 3 4 NOTICE OF ANNUAL MEETING To the Shareholders of Textron Inc.: The 2020 annual meeting of shareholders of Textron Inc. will be held on Wednesday, April 29, 2020 at 11:00 a.m. at the Company’s principal executive office located at 40 Westminster Street, Providence, Rhode Island for the following purposes: To elect the ten director nominees named in the proxy statement to hold office until the next annual shareholders’ meeting; To approve Textron’s executive compensation on an advisory basis; To ratify the appointment by the Audit Committee of Ernst & Young LLP as Textron’s independent registered public accounting firm for 2020; and To transact any other business as may properly come before the meeting or any adjournment or postponement of the meeting. Wednesday, April 29, 2020 11:00 a.m. Eastern Daylight Time Textron Inc. 40 Westminster Street Providence, Rhode Island 02903 Corporate Headquarters Textron Inc. 40 Westminster Street Providence, RI 02903 (401) 421-2800 www.textron.com Annual Meeting Textron’s annual meeting of shareholders will be held on Wednesday, April 29, 2020, at 11 a.m. at Textron Inc., 40 Westminster Street, 18th Floor, Providence, RI 02903. Transfer Agent, Registrar and Dividend Paying Agent For s a e older services such as c ange of addre s, lost certificates or dividend checks, change in registered ownership or the Dividend Reinvestment Pla , write or call: American Stock Transfer & Trust Company, LLC Operations Center 6201 15th Avenue Brooklyn, NY 11219 phone: (866) 621-2790 email: info@amstock.com Stock Exchange Information (Symbol: TXT) Textron common stock is listed on the New York Stock Exchange. Investor Relations Textron Inc. Investor Relations 40 Westminster Street Providence, RI 02903 Investor Relations phone line: (401) 457-2288 News media phone line: (401) 457-2362 For more information, visit our website at www.textron.com. Company Publications and General Information To receive a copy of T xtron’s Forms 10-K and 10-Q, Proxy Statement or Annual Report without charge, visit our website at www.textron.com or send a writt n equest to Textron Investo Relations at the address listed above. For the most recent company news and earnings press releases, visit our website at www.textron.com. Textron is an Equal Opportunity Employer. Textron Board of Direct rs To contact the Textron Board of Directors or to report concerns or complaints about accounting, internal accounting controls or auditing matters, you may write to Board of Directors, Textron Inc., 40 Westminster Street, Providence, RI 02903; call (866) 698-6655 or (401) 457-2269; or send an email to textrondirectors@textron.com. Corporate Information