TEXTRON 2025 PROXY STATEMENT v 8 9 9 10 10 10 11 13 13 13 14 15 15 15 15 16 17 17 17 17 22 25 26 30 34 34 34 35 35 35 35 36 Governance Highlights Director Independence Leadership Structure Board and Committee Evaluations Meeting Attendance Other Directorships Board Committees Executive Committee Risk Oversight Committee and Board Oversight of Environmental, Social and Governance Matters Corporate Responsibility and Sustainability Shareholder Outreach Shareholder Communications to the Board Director Nominations Compensation of Directors Director Stock Ownership Requirements Director Anti-Hedging and Pledging Policy Corporate Governance Guidelines and Policies Code of Ethics Insider Trading Policies and Procedures Board Membership Qualifications Nominees for Director Attending the Meeting Shareholders Who May Vote Voting Recommendation 2 2 1 1 1 TABLE OF CONTENTS Textron Inc. 2025 Annual Meeting of Shareholders Item 1 Election of Directors Corporate Governance Security Ownership Audit Committee Report Compensation Committee Report 1 2 8 18 20 21 Compensation Discussion and Analysis 22 Executive Summary Overview and Objectives of Executive Compensation Program Target Direct Compensation 2024 Incentive Compensation Targets, Payouts and Performance Analysis Risks Related to Compensation Other Compensation Programs Role of Independent Compensation Consultant Share Ownership Requirements Anti-Hedging and Pledging Policy Clawback Policy Compensation Arrangements Relating to Termination of Employment Tax Considerations Delinquent Section 16(a) Reports 19
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