40 TEXTRON 2025 PROXY STATEMENT OUTSTANDING EQUITY AWARDS AT 2024 FISCAL YEAR-END The following table sets forth information with respect to the NEOs concerning unexercised options and stock awards and other equity incentive plan awards that have not yet vested as of the end of our 2024 fiscal year. Outstanding Equity Awards at 2024 Fiscal Year-End Option Awards Stock Awards Name Grant Date(1) Number of Securities Underlying Unexercised Options(#) Exercisable Number of Securities Underlying Unexercised Options(#) Unexercisable Option Exercise Price ($)(2) Option Expiration Date Type of Stock Award(3) Grant Year Number of Shares or Units of Stock That Have Not Vested (#) Market Value of Shares or Units of Stock That Have Not Vested ($)(4) Equity Incentive Plan Awards: Number of Unearned Shares, Units, or Other Rights That Have Not Vested (#)(5) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units, or Other Rights That Have Not Vested ($)(5) Scott C. Donnelly 3/1/2024 0 142,531 88.68 3/1/2034 PSU 2024 174,212 13,450,909 3/1/2023 48,646 97,291 73.19 3/1/2033 RSU 2024 43,553 3,362,727 3/1/2022 97,088 48,544 71.07 3/1/2032 PSU 2023 184,006 14,207,103 3/1/2021 200,108 0 51.56 3/1/2031 RSU 2023 46,002 3,551,814 3/1/2020 233,913 0 40.60 3/1/2030 RSU 2022 38,997 3,010,958 3/1/2019 242,419 0 54.43 3/1/2029 3/1/2018 193,820 0 58.24 3/1/2028 3/1/2017 219,619 0 49.58 3/1/2027 Frank T. Connor 3/1/2024 0 40,575 88.68 3/1/2034 PSU 2024 49,594 3,829,153 3/1/2023 13,986 27,971 73.19 3/1/2033 RSU 2024 12,399 957,327 3/1/2022 28,924 14,462 71.07 3/1/2032 PSU 2023 52,902 4,084,563 3/1/2021 59,005 0 51.56 3/1/2031 RSU 2023 13,226 1,021,179 3/1/2020 68,972 0 40.60 3/1/2030 RSU 2022 11,618 897,026 3/1/2019 71,480 0 54.43 3/1/2029 3/1/2018 56,179 0 58.24 3/1/2028 3/1/2017 62,591 0 49.58 3/1/2027 E. Robert Lupone 3/1/2024 0 17,297 88.68 3/1/2034 PSU 2024 21,142 1,632,374 3/1/2023 5,960 11,918 73.19 3/1/2033 RSU 2024 5,286 408,132 3/1/2022 12,318 6,159 71.07 3/1/2032 PSU 2023 22,542 1,740,468 3/1/2021 26,211 0 51.56 3/1/2031 RSU 2023 5,636 435,156 3/1/2020 29,711 0 40.60 3/1/2030 RSU 2022 4,948 382,035 3/1/2019 30,791 0 54.43 3/1/2029 3/1/2018 24,906 0 58.24 3/1/2028 3/1/2017 28,056 0 49.58 3/1/2027 Julie G. Duffy 3/1/2024 0 13,655 88.68 3/1/2034 PSU 2024 16,690 1,288,635 3/1/2023 4,584 9,168 73.19 3/1/2033 RSU 2024 4,173 322,197 3/1/2022 9,345 4,672 71.07 3/1/2032 PSU 2023 17,340 1,338,821 3/1/2021 19,857 0 51.56 3/1/2031 RSU 2023 4,335 334,705 3/1/2020 22,283 0 40.60 3/1/2030 RSU 2022 3,754 289,846 3/1/2019 21,169 0 54.43 3/1/2029 3/1/2018 14,044 0 58.24 3/1/2028 3/1/2017 6,260 0 49.58 3/1/2027 (1) Stock option awards associated with each annual grant vest ratably over three years on each anniversary of the grant date. (2) The exercise price of stock options is equal to the closing price of our common stock on the date of grant. (3) The following types of stock awards are shown in this table: (a) “PSU” refers to performance share units. These units reward achievement of long-term goals over a three-year performance period, vesting at the end of the third fiscal year. They are typically settled in cash at a value based on the average closing price of our common stock for the first ten trading days of the fiscal year following vesting. Further information about these awards can be found in the CD&A. (b) “RSU” refers to restricted stock units. RSUs vest in full on the third anniversary of the grant date. Upon vesting, common stock will be issued to the executive. RSUs are granted with the right to receive dividend equivalents. (4) The market value of RSUs that have not vested as of December 28, 2024 was calculated using the fiscal year-end closing share price of $77.21 multiplied by the number of unvested units. (5) PSUs granted in 2023 and 2024 vest, to the extent earned, on January 3, 2026, and January 2, 2027 respectively. The numbers of PSUs and the related values as of December 28, 2024 represent the units earned and payout value at maximum for both the 2023-2025 and 2024-2026 three-year performance periods, rather than the units earned and payout value at target, in accordance with SEC rules requiring reporting of these amounts in this manner because our performance exceeded target during the previous fiscal year. The payout values shown were determined by multiplying the 2024 fiscal year end closing price of our common stock of $77.21 by the maximum number of unearned and unvested PSUs.
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