2019 Proxy Statement

TEXTRON 2019 PROXY STATEMENT 47 For Not For Change in Voluntary Disability Death Cause Cause Control (1) Annual Incentive Severance $ 0 $ 0 $ 0 $0 $ , 07, 95 $11, 6,2 7 RSU settled in stock or cash (2) 11, 7, 79 11, 7, 79 11, 7, 79 0 11, 7, 79 11, 7, 79 Stock Options (2) 6,715 6,715 6,715 0 6,715 6,715 Cash settlement of PSUs (2) 7,277,729 , 96,676 , 96,676 0 7,277,729 7,277,729 Pension bene¿t ( ) 0 0 0 0 5,1 0,166 6,297, 67 Other bene¿ts ( ) 0 0 0 0 1 6,272 9, 07 Amount Triggered due to Termination $19,601,823 $16,220,770 $16,220,770 $0 $33,295,656 $37,734,944 For Not For Change in Voluntary Disability Death Cause Cause Control (1) Annual Incentive Severance $ 0 $ 0 $ 0 $0 $ 1,906, $ 1,906, RSU settled in stock or cash (2) 0 ,29 ,556 ,29 ,556 0 0 ,29 ,556 Stock Options (2) 0 255, 02 255, 02 0 0 255, 02 Cash settlement of PSUs (2) 0 1,116, 6 1,116, 6 0 0 2,090, 95 Pension bene¿t 0 0 0 0 0 0 Other bene¿ts ( ) 0 0 0 0 0 21,2 5 Amount Triggered due to Termination $ 0 $ 4,665,294 $ 4,665,294 $0 $ 1,906,333 $ 7,566,921 For Not For Change in Voluntary Disability Death Cause Cause Control (1) Annual Incentive Severance $ 0 $ 0 $ 0 $0 $ 1, 50,667 $ 1, 50,667 RSU settled in stock or cash (2) 0 1, 90,15 1, 90,15 0 0 1, 90,15 Stock Options (2) 0 115,5 7 115,5 7 0 0 115,5 7 Cash settlement of PSUs (2) 0 9 ,702 9 ,702 0 0 9 2,229 Pension bene¿t 0 0 0 0 0 0 Other bene¿ts ( ) 0 0 0 0 0 1 ,791 Amount Triggered due to Termination $ 0 $ 2,104,402 $ 2,104,402 $0 $ 1,350,667 $ 3,902,387 For Not For Change in Voluntary Disability Death Cause Cause Control (1) Annual Incentive Severance $ 0 $ 0 $ 0 $0 $ 00,000 $ 00,000 RSU settled in stock or cash (2) 0 , 1 , 1 0 0 , 1 Stock Options (2) 0 26,0 6 26,0 6 0 0 26,0 6 Cash settlement of PSUs (2) 0 16 , 65 16 , 65 0 0 7,1 6 Pension bene¿t 0 0 0 0 0 0 Other bene¿ts ( ) 0 0 0 0 0 21,2 5 Amount Triggered due to Termination $ 0 $ 627,742 $ 627,742 $0 $ 800,000 $ 1,632,758 (1) Amounts reported in the “Change in Control” column are paid only upon a “not for cause” or “good reason” termination in connection with a Change in Control. (2) Amounts reported for RSUs, stock options and PSUs reÀect accelerated and or prorated vesting triggered by termination event under each scenario, respectively. PSU amounts have been calculated assuming that the 2017 2019 PSU cycle will be paid at 5.6 of target and the 201 2020 PSU cycle will be paid at 2.7 of target. These ¿gures are based on actual Company performance against goals for 2017 and 201 , and target Company performance against goals for 2019 and 2020. In addition, the ¿gures assume median total shareholder return performance over each year PSU cycle. ( ) Potential pension bene¿ts have been calculated assuming a discount rate of . 5 . ( ) Includes (i) for Mr. Donnelly, under the “Not for Cause” scenario, $12, 6 in continuation of insurance coverage and $1 ,90 in additional bene¿ts under retirement plans, and, under the “Change in Control” scenario, $1 ,5 6 in continuation of insurance coverage, $200, 62 in additional bene¿ts under retirement plans and outplacement assistance valued at $170,000, (ii) for Mr. Connor and Ms. Duffy, continuation of health bene¿ts valued at $21,2 5 and (iii) for Mr. Lupone, continuation of health bene¿ts valued at $1 ,791. Scott C. Donnelly Frank T. Connor E. Robert Lupone Julie G. Duffy