SECURITY OWNERSHIP The following table sets forth information regarding the beneficial ownership of our common stock as of January 2, 2024, unless otherwise noted, by: ● Each person or group known by us to own beneficially more than 5% of our common stock; ● Each of our directors; ● Each of our named executive officers, as defined under Securities and Exchange Commission rules (“NEOs”); and ● All of our current directors and executive officers as a group. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes any shares over which a person exercises sole or shared voting or investment power. Shares of common stock subject to options that are exercisable, or restricted stock units that will vest, within 60 days of January 2, 2024, and shares held for the executive officers by the trustee under the Textron Savings Plan, are considered outstanding and beneficially owned by the person holding the option or unit or participating in the Plan but are not treated as outstanding for the purpose of computing the percentage ownership of any other person. Each shareholder listed below has sole voting and investment power with respect to the shares beneficially owned, except in those cases in which the voting or investment power is shared with the trustee or as otherwise noted. Directors and Executive Officers Number of Shares of Common Stock Percent of Class Richard F. Ambrose 2,174(1) Kathleen M. Bader 11,353(1) * R. Kerry Clark 11,353(1) * Frank T. Connor 619,081(2)(3) * Scott C. Donnelly 2,352,411(2)(3) 1.2% Julie G. Duffy 148,132(2)(3) * Michael X. Garrett —(1) * Deborah Lee James 11,372(1) * Thomas A. Kennedy 734(1) E. Robert Lupone 308,168(2)(3) * Lionel L. Nowell III 11,361(1) * James L. Ziemer 11,518(1) * Maria T. Zuber 11,374(1) * All current directors and executive officers as a group (13 persons) 3,499,031 1.8% Beneficial Holders of More than 5% BlackRock, Inc.(4) 16,727,725 8.7% T. Rowe Price Investment Management, Inc.(5) 13,548,397 7.0% The Vanguard Group, Inc.(6) 22,512,608 11.7% * Less than 1% of the outstanding shares of common stock. (1) Excludes (i) stock units held by our non-employee directors under the Directors Deferred Income Plan that are paid in cash following termination of service as a director, based upon the value of Textron common stock, as follows: Mr. Ambrose, 172 shares; Ms. Bader, 65,207 shares; Mr. Clark, 84,070 shares; Ms. James, 7,445 shares; Mr. Nowell, 5,179 shares; Mr. Ziemer, 83,071 shares; and Ms. Zuber, 12,894 shares and (ii) for each director, 2,517 unvested RSUs payable in stock, not obtainable within 60 days of January 1, 2024, except that Mr. Garrett received a prorated award of 1,987 RSUs because he joined our Board effective July 1, 2023. (2) Includes shares obtainable within 60 days of January 2, 2024, as follows: (i) upon the exercise of stock options: Mr. Connor, 486,560 shares; Mr. Donnelly, 1,668,737 shares; Ms. Duffy, 110,274 shares; Mr. Lupone, 215,158 shares; (ii) upon the vesting of RSUs: Mr. Connor, 23,694 shares; Mr. Donnelly, 80,357 shares; Ms. Duffy, 7,693 shares; Mr. Lupone, 10,432 shares; (iii) upon settlement of PSUs paid in stock to Mr. Donnelly, 32,547 shares; and (iv) all directors and executive officers as a group, 2,635,452 shares. TEXTRON 2024 PROXY STATEMENT 19
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