The table below lists the 2021 talent peer group companies and Textron showing fiscal 2020 revenues. The 2021 talent peer group was referenced in setting target direct compensation for 2022. 2021 Talent Peer Group Company Name Industry 2020 Revenue ($ in billions) General Dynamics Corporation Aerospace and Defense $37.9 Northrop Grumman Corporation Aerospace and Defense $36.8 Honeywell International Inc. Industrial Conglomerates $32.6 L3Harris Technologies, Inc. Aerospace and Defense $18.2 Eaton Corporation Plc Electrical Equipment $17.9 Lear Corporation Auto Components $17.0 Emerson Electric Co. Electrical Equipment $16.8 Parker-Hannifin Corporation Machinery $13.7 Illinois Tool Works Inc. Machinery $12.6 The Goodyear Tire & Rubber Company Auto Components $12.3 BorgWarner Inc. Auto Components $10.2 Oshkosh Corporation Machinery $6.9 Rockwell Automation Inc. Electrical Equipment $6.3 KBR, Inc. Technology/Engineering $5.8 Spirit AeroSystems Holdings, Inc. Aerospace and Defense $3.4 Terex Corporation Machinery $3.1 ($ in billions) $17.9 $13.1 $6.7 75th Percentile Median 25th Percentile $11.7 38% Textron Inc. Textron Percentile Rank How did the Committee Make 2022 Target Direct Compensation Decisions? Prior to making decisions on compensation, the Committee reviewed the following items: ● Compensation data for each NEO ● A detailed compensation benchmarking study comparing each NEO’s current target direct compensation by component and in total to the market median of the talent peer group ● Supplemental benchmarking data for the CEO and CFO using longer-tenured executives at the peer group companies ● Supplemental analysis for the CEO and CFO of projected 2021 realized pay, including salary, annual and long-term incentive plan payouts and market value at vesting of RSUs and stock options vesting in 2021, compared to CEOs and CFOs of peer group companies TEXTRON 2023 PROXY STATEMENT 29
RkJQdWJsaXNoZXIy MjQ2MDYz