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TEXTRON 2017 PROXY STATEMENT
50
ADVISORY VOTE TO APPROVE TEXTRON’S EXECUTIVE
COMPENSATION
The Board has adopted a policy providing for an annual “say-on-pay” advisory vote. In accordance with this policy and Section
14A of the Securities Exchange Act of 1934, as amended, enacted as part of the Dodd-Frank Wall Street Reform and Consum-
er Protection Act (“Dodd-Frank Act”), and as a matter of good corporate governance, we are providing our shareholders with
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ment. This vote is advisory only, and it is not binding on Textron or on our Board of Directors. Although the vote is non-binding,
the Organization and Compensation Committee (the “Committee”) and the Board will carefully consider the outcome of the
vote when making future compensation decisions.
Textron’s compensation philosophy is to establish target total pay with reference to a talent peer group and to tie a substantial
portion of our executives’ compensation to performance against objective business goals and stock price performance. This
approach helps us to recruit and retain talented executives, incentivizes our executives to achieve desired business goals and
aligns their interests with the interests of our shareholders. For a full discussion of our executive compensation programs and
2016 compensation decisions made by the Committee, see “Compensation Discussion and Analysis” beginning on page 20.
Textron’s Board of Directors believes that the Company’s executive compensation program is working to align management’s
interests with those of our shareholders to support long-term value creation. Accordingly, Textron shareholders are being
asked to vote “FOR” the following advisory resolution at the annual meeting:
“RESOLVED, that the shareholders approve, on an advisory basis, the Company’s compensation of its named executive
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disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis and the
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will be held at the 2018 Annual Meeting of Shareholders.
The Board of Directors recommends a vote “FOR” the resolution approving the Company’s executive compensation
(Item 3 on the proxy card).