vi TEXTRON 2022 PROXY STATEMENT Compensation Discussion and Analysis 24 Executive Summary Overview and Objectives of Executive Compensation Program Target Pay 2021 Incentive Compensation Targets, Payouts and Performance Analysis Risks Related to Compensation Other Compensation Programs Role of Independent Compensation Consultant Share Ownership Requirements Anti-Hedging and Pledging Policy Clawback Policy Compensation Arrangements Relating to Termination of Employment Tax Considerations 24 27 28 31 36 37 37 37 37 38 38 38 Executive Compensation Summary Compensation Table Grants of Plan-Based Awards in Fiscal 2021 Outstanding Equity Awards at 2021 Fiscal Year-End Option Exercises and Stock Vested in Fiscal 2021 Pension Benefits in Fiscal 2021 Nonqualified Deferred Compensation Potential Payments Upon Termination or Change in Control Pay Ratio Equity Compensation Plan Information Evaluation of Risk in Compensation Plans Transactions with Related Persons 39 41 42 43 44 46 47 51 52 52 53 39 Advisory Vote to Approve Textron’s Executive Compensation 54 Ratification of Appointment of Independent Registered Public Accounting Firm 55 Other Matters to Come Before the Meeting Shareholder Proposal on Special Meetings 58 56 Shareholder Proposals and Other Matters for 2023 Annual Meeting 58 Delivery of Documents to Shareholders Sharing an Address 59
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