TEXTRON 2025 PROXY STATEMENT 39 GRANTS OF PLAN-BASED AWARDS IN FISCAL 2024 The following table sets forth information on plan-based compensation awards granted to the NEOs during Textron’s 2024 fiscal year. Annual equity awards were approved on January 26, 2024 for grant on March 1, 2024. 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 2,422,500 4,845,000 3/1/2024 1/26/2024 PSUs 21,777 87,106 174,212 7,724,560 3/1/2024 1/26/2024 RSUs 43,553 3,862,280 3/1/2024 1/26/2024 Stock Options 142,531 88.68 3,946,683 Frank T. Connor Annual IC 1,200,000 2,400,000 3/1/2024 1/26/2024 PSUs 6,200 24,797 49,594 2,198,998 3/1/2024 1/26/2024 RSUs 12,399 1,099,543 3/1/2024 1/26/2024 Stock Options 40,575 88.68 1,123,522 E. Robert Lupone Annual IC 712,500 1,425,000 3/1/2024 1/26/2024 PSUs 2,643 10,571 21,142 937,436 3/1/2024 1/26/2024 RSUs 5,286 468,762 3/1/2024 1/26/2024 Stock Options 17,297 88.68 478,954 Julie G. Duffy Annual IC 562,500 1,125,000 3/1/2024 1/26/2024 PSUs 2,087 8,345 16,690 740,035 3/1/2024 1/26/2024 RSUs 4,173 370,062 3/1/2024 1/26/2024 Stock Options 13,655 88.68 378,107 (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 typically settled 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 2024 vest at the end of fiscal 2026. 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 2024 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 2024 pursuant to the Textron Inc. 2015 Long-Term Incentive Plan. Stock options vest ratably over three years, beginning on March 1, 2025, and annually thereafter. (5) Reflects the exercise price for the stock options granted on March 1, 2024 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.
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