TEXTRON 2025 PROXY STATEMENT 33 As shown above, the earned percentage for the 2022-2024 PSU award is 122.3% of target. The Company’s performance on the average ROIC and the Cumulative Manufacturing Cash Flow metrics was above target while performance on the relative Total Shareholder Return metric was below target. Two factors impact the value of PSU payouts: (i) the number of units earned is based on Textron’s performance against operating metrics and (ii) the value of each unit earned is based on Textron’s stock price at the end of the performance cycle. The table below shows the PSU awards granted in 2022 and the payout earned by each NEO. 2022–2024 Performance Share Unit Payouts 2022–2024 Units 2022–2024 Value Name Position Units Granted Units Earned Grant Date Target Value Payout Value Scott C. Donnelly CEO 77,993 95,395 $5,542,963 $7,271,007 Frank T. Connor CFO 23,236 28,421 $1,651,383 $2,166,249 E. Robert Lupone General Counsel 9,896 12,104 $ 703,309 $ 922,567 Julie G. Duffy EVP, CHRO 7,507 9,182 $ 533,522 $ 699,852 As shown in the table above and illustrated in the graph below, the payout values of the 2022–2024 awards were well above the grant date values of the awards due to the actual performance achieved on the metrics and a 7.2% increase in Textron’s stock price over the three-year period (3/1/2022 price of $71.07 and 2025 ten-day average of $76.22). As a result, the value of the PSUs at settlement was 131.2% of their grant date target value. CEO’s 2022–2024 PSU Award Value 100.0% 122.3% 131.2% Grant Date Award Value Realized Value Value After Performance Adjustment $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 CEO'S 2022-2024 PSU Award Value
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