February 14, 2024 · Form 4 insider transaction
Eddy Shane G bought 7,406 shares of RTX Corporation at $85.47 per share, a transaction worth $633.0K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 1 day after the transaction.
The Stock Appreciation Rights (SARs) were settled in shares in accordance with the terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.