40 / TEXTRON 2026 PROXY STATEMENT EXECUTIVE COMPENSATION The following Summary Compensation Table sets forth information concerning compensation of our principal executive officer, principal financial officer and each other individual who was serving as an executive officer at the end of Textron’s 2025 fiscal year (each, an “NEO” and collectively, the “NEOs”). SUMMARY COMPENSATION TABLE Name and Principal Position Year Salary ($)(3) Bonus ($)(4) Stock Awards ($)(5) Option Awards ($)(6) Non-Equity Incentive Plan Compensation ($)(7) Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)(8) All Other Compensation ($)(9) Total ($) Scott C. Donnelly(1) Chairman, President and Chief Executive Officer 2025 1,530,577 0 10,588,942 3,463,119 3,246,000 2,191,758 145,160 21,165,556 2024 1,413,461 0 11,586,840 3,946,683 1,641,000 894,425 161,569 19,643,978 2023 1,352,500 0 10,100,586 3,477,679 2,621,000 2,682,449 157,548 20,391,762 David M. Rosenberg(2) Executive Vice President and Chief Financial Officer 2025 805,769 0 1,562,604 511,050 1,093,000 0 81,119 4,053,542 E. Robert Lupone Executive Vice President, General Counsel and Secretary 2025 1,028,846 0 1,470,687 481,007 965,000 0 111,916 4,057,456 2024 942,308 0 1,406,198 478,954 483,000 0 115,648 3,426,108 2023 902,308 0 1,237,423 426,033 771,000 0 115,128 3,451,891 Julie G. Duffy Executive Vice President and Chief Human Resources Officer 2025 821,154 0 1,029,480 336,709 772,000 837,944 48,058 3,845,345 2024 740,385 0 1,110,097 378,107 381,000 399,794 43,919 3,053,302 2023 692,308 0 951,836 327,107 593,000 1,087,406 41,215 3,693,476 Frank T. Connor(2) Executive Vice President and Chief Financial Officer (Retired) 2025 230,769 769,231 0 0 0 0 57,000 1,057,000 2024 1,190,385 0 3,298,541 1,123,522 813,000 587,295 87,015 7,099,758 2023 1,140,385 0 2,903,960 999,835 1,299,000 1,190,453 86,572 7,620,205 (1) Mr. Donnelly stepped down as President and Chief Executive Officer of the Company transitioning to the role of Executive Chairman of the Board, effective January 4, 2026. (2) Mr. Rosenberg became Executive Vice President and Chief Financial Officer of the Company on March 1, 2025 upon Mr. Connor’s retirement from Textron. (3) Base salary increases, if any, are implemented in the first pay period in March of each year; therefore, amounts shown in this column may not exactly match the base salaries disclosed in the CD&A. (4) In lieu of receiving equity awards for the 2025 fiscal year, upon his retirement, Mr. Connor received a special cash bonus. (5) The numbers shown in this column represent the grant date fair values of equity awards granted during the fiscal year, whether settled in stock or cash, including PSUs and RSUs, which are described in the CD&A. The grant date fair values are determined based on the closing price of our common stock on the date of grant, and the PSU values assume performance at target on the metrics. Assuming maximum performance is achieved, the grant date fair value of the PSUs granted in 2025 for the three-year performance period would be: Mr. Donnelly, $14,118,589, Mr. Rosenberg, $2,083,472, Mr. Lupone, $1,960,915 and Ms. Duffy, $1,372,641. (6) The amounts that appear in this column represent the grant date fair value of stock options granted during the fiscal year. The grant date fair values have been determined based on the assumptions and methodologies set forth in Note 13 Share-Based Compensation in Textron’s Annual Report on Form 10-K for the fiscal year ended January 3, 2026. The number of shares underlying the stock options granted to each NEO during 2025 is detailed in the Grants of PlanBased Awards in Fiscal 2025 table on page 42. (7) The amounts in this column reflect annual incentive compensation earned under Textron’s annual incentive compensation program. (8) The amounts in this column reflect the year-over-year change in actuarial present value of accumulated pension benefits under all defined benefit plans in which the NEOs participate. Because Mr. Connor retired on February 28, 2025 and has begun to receive pension payments, the actuarial present value of his pension benefits declined in 2025 compared to 2024. The aggregate decline in the present value of his accumulated pension benefit during fiscal year 2025 was $523,625. In accordance with SEC rules, we have shown a zero in this column for fiscal year 2025 rather than a negative amount. Mr. Rosenberg and Mr. Lupone do not participate in any of our defined benefit pension plans as they joined the Company after the plans were closed to new employees. For Ms. Duffy, this column also includes $37 in above-market non-qualified deferred compensation earnings that were posted to her interest-bearing account under the Deferred Income Plan for Textron Executives. Earnings are considered “above-market” if they were higher than 120% of the long-term applicable federal rate with compounding.
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