TEXTRON 2025 PROXY STATEMENT 29 What is the Target Direct Compensation for Our Executives? The following table shows 2024 target total direct compensation, along with the target for each component of target total direct compensation, for Textron’s NEOs as established by the Committee at its January 2024 meeting: 2024 Target Total Direct Compensation At-Risk Compensation Name Position Base Salary Target Annual Incentive Target Long-Term Incentive Target Total Direct Compensation Scott C. Donnelly CEO $1,425,000 $2,422,500 (170% of salary) $13,700,000 (961% of salary) $17,547,500 Frank T. Connor CFO $1,200,000 $1,200,000 (100% of salary) 3,900,000 (325% of salary) $ 6,300,000 E. Robert Lupone General Counsel $ 950,000 $712,500 (75% of salary) $1,662,500 (175% of salary) $ 3,325,000 Julie G. Duffy CHRO $ 750,000 $562,500 (75% of salary) $1,312,500 (175% of salary) $ 2,625,000 2024 Target Pay Mix At-Risk Compensation Base Salary 8.1% Target Annual Incentive 13.8% Stock Options 19.5% Time Vested Restricted Stock Units 19.5% Performance Share Units 39.0% At-Risk Compensation Base Salary 23.7% Target Annual Incentive 20.2% CEO Target Pay Mix NEO Target Pay Mix (Excluding CEO) Stock Options 14.0% Time Vested Restricted Stock Units 14.0% Performance Share Units 28.1% Approximately 92% of our CEO’s pay mix and on average approximately 76% of our other NEOs’ pay mix is tied to Company performance, including stock price performance (“at-risk”).
RkJQdWJsaXNoZXIy MjQ2MDYz