TEXTRON 2026 PROXY STATEMENT / 43 EXECUTIVE COMPENSATION OUTSTANDING EQUITY AWARDS AT 2025 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 2025 fiscal year. Outstanding Equity Awards at 2025 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 Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units, or Other Rights That Have Not Vested ($)(5) Scott C. Donnelly 3/1/2025 0 157,343 74.73 3/1/2035 PSU 2025 94,464 8,223,091 3/1/2024 47,511 95,020 88.68 3/1/2034 RSU 2025 47,232 4,111,546 3/1/2023 97,292 48,645 73.19 3/1/2033 PSU 2024 87,106 3/1/2022 145,632 0 71.07 3/1/2032 RSU 2024 43,553 3,791,289 7,582,577 3/1/2021 200,108 0 51.56 3/1/2031 RSU 2023 46,002 4,004,474 3/1/2020 233,913 0 40.60 3/1/2030 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 David M. Rosenberg 3/1/2025 0 23,219 74.73 3/1/2035 PSU 2025 13,940 1,213,477 3/1/2024 1,288 2,575 88.68 3/1/2034 RSU 2025 6,970 606,739 3/1/2023 3,346 1,672 73.19 3/1/2033 PSU 2024 2,361 205,525 3/1/2022 5,118 0 71.07 3/1/2032 RSU 2024 1,181 102,806 3/1/2021 2,424 0 51.56 3/1/2031 RSU 2023 1,582 137,713 E. Robert Lupone 3/1/2025 0 21,854 74.73 3/1/2035 PSU 2025 13,120 1,142,096 3/1/2024 5,766 11,531 88.68 3/1/2034 RSU 2025 6,560 571,048 3/1/2023 11,919 5,959 73.19 3/1/2033 PSU 2024 10,571 920,206 3/1/2022 18,477 0 71.07 3/1/2032 RSU 2024 5,286 460,146 3/1/2021 26,211 0 51.56 3/1/2031 RSU 2023 5,636 490,614 3/1/2020 29,711 0 40.60 3/1/2030 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 3/1/2025 0 15,298 74.73 3/1/2035 PSU 2025 9,184 799,467 3/1/2024 4,552 9,103 88.68 3/1/2034 RSU 2025 4,592 399,734 3/1/2023 9,168 4,584 73.19 3/1/2033 PSU 2024 8,345 726,432 3/1/2022 14,017 0 71.07 3/1/2032 RSU 2024 4,173 363,260 3/1/2021 19,857 0 51.56 3/1/2031 RSU 2023 4,335 377,362 3/1/2019 21,169 0 54.43 3/1/2029 3/1/2018 14,044 0 58.24 3/1/2028 Frank T. Connor 3/1/2024 13,525 27,050 88.68 3/1/2034 PSU 2024 24,797 2,158,579 3/1/2023 27,972 13,985 73.19 3/1/2033 RSU 2024 12,399 1,079,333 3/1/2022 43,386 0 71.07 3/1/2032 RSU 2023 13,226 1,151,323 3/1/2021 59,005 0 51.56 3/1/2031 3/1/2020 68,972 0 40.60 3/1/2030 3/1/2019 71,480 0 54.43 3/1/2029 3/1/2018 56,179 0 58.24 3/1/2028 (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, except that Mr. Rosenberg’s RSUs granted in 2023 and 2024 are payable in cash. Prior to 2025, RSUs were granted with the right to receive dividend equivalents currently, and, beginning in 2025, RSUs were granted with dividend equivalents accruing and payable upon vesting. (4) The market value of RSUs that have not vested as of January 3, 2026 was calculated using the fiscal year-end closing share price of $87.05 multiplied by the number of unvested units. (5) PSUs granted in 2024 and 2025 vest, to the extent earned, on January 2, 2027 and January 1, 2028, respectively. The number of PSUs and the related value as of January 3, 2026 represent the units earned and payout value at target for both the 2024-2026 and 2025-2027 three-year performance periods, in accordance with SEC rules requiring reporting of these amounts in this manner because our performance exceeded threshold, but not target performance during the previous fiscal year. The payout values shown were determined by multiplying the 2025 fiscal year end closing price of our common stock of $87.05 by the target number of unearned and unvested PSUs.
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