48 TEXTRON 2025 PROXY STATEMENT Scott C. Donnelly Voluntary(1) Disability Death For Cause Not For Cause Change in Control(2) Annual Incentive/Severance $ 0 $ 0 $ 0 $ 0 $ 7,494,000 $ 11,241,000 RSU settled in stock or cash(3) 9,925,500 9,925,500 9,925,500 0 9,925,500 9,925,500 Stock Options(3) 689,170 689,170 689,170 0 689,170 689,170 Cash settlement of PSUs(3) 13,829,006 6,977,519 6,977,519 0 13,829,006 13,829,006 Pension benefit(4) 0 0 0 0 8,439,262 8,787,239 Other benefits(5) 0 0 0 0 168,121 427,191 Amount Triggered due to Termination $ 24,443,676 $17,592,189 $17,592,189 $ 0 $ 40,545,059 $ 44,899,106 Frank T. Connor Voluntary(1,6) Disability Death For Cause Not For Cause Change in Control(2) Annual Incentive/Severance $ 0 $ 0 $ 0 $ 0 $ 2,380,667 $ 2,380,667 RSU settled in stock or cash(3) 2,875,532 2,875,532 2,875,532 0 2,875,532 2,875,532 Stock Options(3) 201,240 201,240 201,240 0 201,240 201,240 Cash settlement of PSUs(3) 3,956,858 1,999,713 1,999,713 0 3,956,858 3,956,858 Pension benefit 0 0 0 0 0 0 Other benefits(5) 0 0 0 0 0 23,638 Amount Triggered due to Termination $ 7,033,630 $ 5,076,485 $ 5,076,485 $ 0 $ 9,414,297 $ 9,437,935 E. Robert Lupone Voluntary(1) Disability Death For Cause Not For Cause Change in Control(2) Annual Incentive/Severance $ 0 $ 0 $ 0 $ 0 $ 1,550,667 $ 1,550,667 RSU settled in stock or cash(3) 1,225,323 1,225,323 1,225,323 0 1,225,323 1,225,323 Stock Options(3) 85,727 85,727 85,727 0 85,727 85,727 Cash settlement of PSUs(3) 1,686,421 852,218 852,218 0 1,686,421 1,686,421 Pension benefit 0 0 0 0 0 0 Other benefits(5) 0 0 0 0 0 7,461 Amount Triggered due to Termination $ 2,997,471 $ 2,163,268 $ 2,163,268 $ 0 $ 4,548,138 $ 4,555,599 Julie G. Duffy Voluntary(1) Disability Death For Cause Not For Cause Change in Control(2) Annual Incentive/Severance $ 0 $ 0 $ 0 $ 0 $ 1,289,333 $ 1,289,333 RSU settled in stock or cash(3) 946,749 946,749 946,749 0 946,749 946,749 Stock Options(3) 65,541 65,541 65,541 0 65,541 65,541 Cash settlement of PSUs(3) 1,313,728 661,046 661,046 0 1,313,728 1,313,728 Pension benefit 0 0 0 0 0 0 Other benefits(5) 0 0 0 0 0 23,638 Amount Triggered due to Termination $ 2,326,018 $ 1,673,336 $ 1,673,336 $ 0 $ 3,615,351 $ 3,638,989 (1) All of the NEOs are retirement eligible (age 55 with at least ten years of service to Textron) which entitles them to continued vesting of their unvested RSUs, stock options and PSUs upon a voluntary termination. Pension benefits for Mr. Donnelly, Mr. Connor and Ms. Duffy are set forth in the Pension Benefits in Fiscal 2024 table on page 42. (2) Amounts reported in the “Change in Control” column are paid only upon a “not for cause” or “good reason” termination in connection with a Change in Control. (3) Amounts reported for RSUs, stock options and PSUs reflect accelerated, prorated and/or continued vesting triggered by termination event under each scenario, respectively. PSU amounts have been calculated assuming that the 2023-2025 PSU cycle will be paid at 100% of target and the 2024-2026 PSU cycle will be paid at 100% of target. (4) Potential pension benefits have been calculated assuming a discount rate of 5.80%. (5) Other benefits (i) for Mr. Donnelly, includes, under the “Not for Cause” scenario, $12,975 in continuation of insurance coverage and $155,146 in additional benefits under retirement plans, and, under the “Change in Control” scenario, $19,462 in continuation of insurance coverage, $232,719 in additional benefits under retirement plans and outplacement assistance valued at $175,010, (ii) for the other NEOs, represents continuation of health benefits. (6) The figures in this column represent an estimate, as of December 28, 2024, of amounts payable to Mr. Connor upon a voluntary termination. The actual values paid to Mr. Connor relative to his retirement from Textron on February 28, 2025 have not yet been determined and will vary from those shown in the table above and in the Pension Benefits in Fiscal 2024 table due to factors such as share price fluctuation, performance achieved on his 2023-2024 PSUs, and additional credited service since December 28, 2024.
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