GRANTS OF PLAN-BASED AWARDS IN FISCAL 2022 The following table sets forth information on plan-based compensation awards granted to the NEOs during Textron’s 2022 fiscal year. Annual equity awards were approved on January 28, 2022 for grant on March 1, 2022. All Other Stock Awards: Number of Shares of Stock or Stock Units (#)(3) All Other Option Awards: Number of Securities Underlying Options (#)(4) Exercise or Base Price of Option Awards ($/sh)(5) Grant Date Fair Value of Stock and Option Awards(6) Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(1) Estimated Future Payouts Under Equity Incentive Plan Awards(2) Name Grant Date Approval Date Grant Type Target ($) Maximum ($) Threshold (#) Target (#) Maximum (#) Scott C. Donnelly Annual IC 2,080,000 4,160,000 3/1/2022 1/28/2022 PSUs 19,498 77,993 155,986 5,542,963 3/1/2022 1/28/2022 RSUs 38,997 2,771,517 3/1/2022 1/28/2022 Stock Options 145,632 71.07 2,905,358 Frank T. Connor Annual IC 1,100,00 2,200,000 3/1/2022 1/28/2022 PSUs 5,809 23,236 46,472 1,651,383 3/1/2022 1/28/2022 RSUs 11,618 825,691 3/1/2022 1/28/2022 Stock Options 43,386 71.07 865,551 E. Robert Lupone Annual IC 652,500 1,305,000 3/1/2022 1/28/2022 PSUs 2,474 9,896 19,792 703,309 3/1/2022 1/28/2022 RSUs 4,948 351,654 3/1/2022 1/28/2022 Stock Options 18,477 71.07 368,616 Julie G. Duffy Annual IC 495,000 990,000 3/1/2022 1/28/2022 PSUs 1,877 7,507 15,014 533,522 3/1/2022 1/28/2022 RSUs 3,754 266,797 3/1/2022 1/28/2022 Stock Options 14,017 71.07 279,639 (1)These amounts refer to awards of annual incentive compensation made under our Short-Term Incentive Plan. The performance metrics and methodology for calculating payments are described in the CD&A. (2)These amounts refer to the number of PSUs granted under the Textron Inc. 2015 Long-Term Incentive Plan. PSUs are performance share units which are earned based upon performance against pre-established metrics over a three-year performance period as described in the CD&A. PSUs are payable in cash based on the average closing price of our common stock for the first ten trading days of the fiscal year following vesting. Grants of PSUs in 2022 vest at the end of fiscal 2024. The “target” amount to be paid assumes 100% of PSUs granted are earned, and the “maximum” that can be paid per the plan design is 200% of the PSUs granted. (3)These amounts represent the number of RSUs granted in 2022 pursuant to the Textron Inc. 2015 Long-Term Incentive Plan. RSUs earn dividend equivalents until vested and vest in full on the third anniversary of the grant date. (4)These amounts represent the number of stock options granted in 2022 pursuant to the Textron Inc. 2015 Long-Term Incentive Plan. Stock options vest ratably over three years, beginning on March 1, 2023, and annually thereafter. (5)Reflects the exercise price for the stock options granted on March 1, 2022 which is equal to the closing price of our common stock on the grant date. (6)Represents the grant date fair value of each equity award listed in the table as determined in accordance with generally accepted accounting principles. 40 TEXTRON 2023 PROXY STATEMENT
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