2018 Proxy Statement

49 TEXTRON 2018 PROXY STATEMENT ADVISORY VOTE TO APPROVE TEXTRON’S EXECUTIVE COMPENSATION 7KH %RDUG KDV DGRSWHG D SROLF\ SURYLGLQJ IRU DQ DQQXDO ³VD\ RQ SD\´ DGYLVRU\ YRWH ,Q DFFRUGDQFH ZLWK WKLV SROLF\ DQG 6HFWLRQ $ RI WKH 6HFXULWLHV ([FKDQJH $FW RI DV DPHQGHG HQDFWHG DV SDUW RI WKH 'RGG )UDQN :DOO 6WUHHW 5HIRUP and Consumer Protection Act, and as a matter of good corporate governance, we are providing our shareholders with an DGYLVRU\ QRQ ELQGLQJ YRWH WR DSSURYH WKH FRPSHQVDWLRQ RI RXU QDPHG H[HFXWLYH RI¿FHUV DV GLVFORVHG LQ WKLV SUR[\ VWDWHPHQW 7KLV YRWH LV DGYLVRU\ RQO\ DQG LW LV QRW ELQGLQJ RQ 7H[WURQ RU RQ RXU %RDUG RI 'LUHFWRUV $OWKRXJK WKH YRWH LV QRQ ELQGLQJ WKH 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 2017 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 LQWHUHVWV ZLWK WKRVH RI RXU VKDUHKROGHUV WR VXSSRUW ORQJ WHUP YDOXH FUHDWLRQ $FFRUGLQJO\ 7H[WURQ VKDUHKROGHUV DUH EHLQJ 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 RI¿FHUV DV GLVFORVHG LQ WKH 3UR[\ 6WDWHPHQW IRU WKH $QQXDO 0HHWLQJ RI 6KDUHKROGHUV SXUVXDQW WR WKH FRPSHQVDWLRQ disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis and the FRPSHQVDWLRQ WDEOHV UHJDUGLQJ QDPHG H[HFXWLYH RI¿FHU FRPSHQVDWLRQ WRJHWKHU ZLWK WKH DFFRPSDQ\LQJ QDUUDWLYH GLVFORVXUH ´ 8QOHVV WKH %RDUG PRGL¿HV LWV SROLF\ RQ WKH IUHTXHQF\ RI IXWXUH VD\ RQ SD\ DGYLVRU\ YRWHV WKH QH[W VD\ RQ SD\ DGYLVRU\ YRWH will be held at the 2019 Annual Meeting of Shareholders. The Board of Directors recommends a vote “FOR” the resolution approving the Company’s executive compensation (Item 2 on the proxy card).