2019 Proxy Statement

16 TEXTRON 2019 PROXY STATEMENT DIRECTOR STOCK OWNERSHIP REQUIREMENTS In order to align the ¿nancial interests of our directors with the interests of our shareholders, we require that our directors maintain a speci¿ed level of stock ownership equal to eight times the portion of their annual retainer payable in cash. Toward this end, we require all non employee directors to defer a minimum of $1 5,000 of their annual retainer into the stock unit account of the Directors Deferred Income Plan. All directors currently meet the stock ownership requirement which allows them to achieve the required level of ownership over time in the case of directors who have more recently joined the Board. :e also have a stock retention policy restricting non employee directors from transferring stock units or restricted stock while they serve on the Board. ANTI-HEDGING AND PLEDGING POLICY Our directors are prohibited from (i) pledging Textron securities as collateral for any loan or holding Textron securities in a margin account or (ii) engaging in short sales of Textron securities or transactions in publicly traded options or derivative securities based on Textron’s securities.