OUTSTANDING EQUITY AWARDS AT 2023 FISCAL YEAR-END The following table sets forth information with respect to the NEOs concerning unexercised options and stock awards and other equity incentive plan awards that have not yet vested as of the end of our 2023 fiscal year. Outstanding Equity Awards at 2023 Fiscal Year-End Option Awards Stock Awards Name Grant Date(1) Number of Securities Underlying Unexercised Options(#) Exercisable Number of Securities Underlying Unexercised Options(#) Unexercisable Option Exercise Price ($)(2) Option Expiration Date Type of Stock Award(3) Grant Year Number of Shares or Units of Stock That Have Not Vested (#) Market Value of Shares or Units of Stock That Have Not Vested ($)(4) Equity Incentive Plan Awards: Number of Unearned Shares, Units, or Other Rights That Have Not Vested (#)(5) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units, or Other Rights That Have Not Vested ($)(5) Scott C. Donnelly 3/1/2023 0 145,937 73.19 3/1/2033 PSU 2023 184,006 14,797,763 3/1/2022 48,544 97,088 71.07 3/1/2032 RSU 2023 46,002 3,699,481 3/1/2021 133,406 66,702 51.56 3/1/2031 PSU 2022 155,986 12,544,394 3/1/2020 233,913 0 40.60 3/1/2030 RSU 2022 38,997 3,136,139 3/1/2019 242,419 0 54.43 3/1/2029 RSU 2021 56,861 4,572,762 3/1/2018 193,820 0 58.24 3/1/2028 RSU 2019 23,496 1,889,548 3/1/2017 219,619 0 49.58 3/1/2027 3/1/2016 238,578 0 34.50 3/1/2026 3/1/2015 194,546 0 44.31 3/1/2025 Frank T. Connor 3/1/2023 0 41,957 73.19 3/1/2033 PSU 2023 52,902 4,254,379 3/1/2022 14,462 28,924 71.07 3/1/2032 RSU 2023 13,226 1,063,635 3/1/2021 39,337 19,668 51.56 3/1/2031 PSU 2022 46,472 3,737,278 3/1/2020 68,972 0 40.60 3/1/2030 RSU 2022 11,618 934,320 3/1/2019 71,480 0 54.43 3/1/2029 RSU 2021 16,766 1,348,322 3/1/2018 56,179 0 58.24 3/1/2028 RSU 2019 6,928 557,150 3/1/2017 62,591 0 49.58 3/1/2027 3/1/2016 68,718 0 34.50 3/1/2026 3/1/2015 56,705 0 44.31 3/1/2025 E. Robert Lupone 3/1/2023 0 17,878 73.19 3/1/2033 PSU 2023 22,542 1,812,828 3/1/2022 6,159 12,318 71.07 3/1/2032 RSU 2023 5,636 453,247 3/1/2021 17,474 8,737 51.56 3/1/2031 PSU 2022 19,792 1,591,673 3/1/2020 29,711 0 40.60 3/1/2030 RSU 2022 4,948 397,918 3/1/2019 30,791 0 54.43 3/1/2029 RSU 2021 7,448 598,968 3/1/2018 24,906 0 58.24 3/1/2028 RSU 2019 2,984 239,973 3/1/2017 28,056 0 49.58 3/1/2027 3/1/2016 31,091 0 34.50 3/1/2026 3/1/2015 26,114 0 41.31 3/1/2025 Julie G. Duffy 3/1/2023 0 13,752 73.19 3/1/2033 PSU 2023 17,340 1,394,483 3/1/2022 4,673 9,344 71.07 3/1/2032 RSU 2023 4,335 348,621 3/1/2021 13,238 6,619 51.56 3/1/2031 PSU 2022 15,014 1,207,426 3/1/2020 22,283 0 40.60 3/1/2030 RSU 2022 3,754 301,897 3/1/2019 21,169 0 54.43 3/1/2029 RSU 2021 5,642 453,730 3/1/2018 14,044 0 58.24 3/1/2028 RSU 2019 2,051 164,941 3/1/2017 6,260 0 49.58 3/1/2027 3/1/2016 7,009 0 34.50 3/1/2026 3/1/2015 5,727 0 41.31 3/1/2025 (1) Stock option awards associated with each annual grant vest ratably over three years on each anniversary of the grant date. (2) The exercise price of stock options is equal to the closing price of our common stock on the date of grant. (3) The following types of stock awards are shown in this table: (a) “PSU” refers to performance share units. These units reward achievement of long-term goals over a three-year performance period, vesting at the end of the third fiscal year. They are typically settled in cash at a value based on the average closing price of our common stock for the first ten trading days of the fiscal year following vesting, but, in the Committee’s discretion, can be settled in shares of common stock, cash, or a combination of both. Further information about these awards can be found in the CD&A. (b) “RSU” refers to restricted stock units. RSUs granted prior to 2020 vest over five years, in three equal annual installments, beginning on the third anniversary of the grant date. Beginning with 2020 grants, RSUs vest in full on the third anniversary of the grant date. Upon vesting, common stock will be issued to the executive. RSUs are granted with the right to receive dividend equivalents. TEXTRON 2024 PROXY STATEMENT 41
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