TEXTRON 2026 PROXY STATEMENT / 51 EXECUTIVE COMPENSATION In addition, in the event of a not for cause or good reason termination in connection with a change of control, the other NEOs would receive (i) full vesting acceleration under the SPP, SSP and TSP and (ii) full vesting of long-term incentive awards which would be payable in the same manner described above for Mr. Donnelly. The following tables show additional or accelerated payments which would be payable to our NEOs under existing agreements, plans or other arrangements, for various scenarios triggered by a termination of employment, assuming the termination date to be January 3, 2026, and, where applicable, using the closing price of our common stock of $87.05 (as reported on the New York Stock Exchange on January 2, 2026, the last trading day of our fiscal year). Scott C. Donnelly Voluntary(1) Disability Death For Cause Not For Cause Change in Control(2) Annual Incentive/Severance $ 0 $ 0 $ 0 $ 0 $ 7,975,333 $ 4,455,000 RSU settled in stock or cash(3) 11,907,308 11,907,308 11,907,308 0 11,907,308 11,907,308 Stock Options(3) 2,612,685 2,612,685 2,612,685 0 2,612,685 2,612,685 Cash settlement of PSUs(3) 15,805,669 7,796,082 7,796,082 0 15,805,669 15,805,669 Pension benefit(4) 0 0 0 0 4,638,957 4,956,840 Other benefits(5) 0 0 0 0 180,702 456,046 Amount Triggered due to Termination $30,325,662 $22,316,075 $22,316,075 $ 0 $43,120,654 $ 40,193,548 David M. Rosenberg Voluntary(1) Disability Death For Cause Not For Cause Change in Control(2) Annual Incentive/Severance $ 0 $ 0 $ 0$ 0 $ 1,344,667 $ 1,344,667 RSU settled in stock or cash(3) 0 847,258 847,258 0 0 847,258 Stock Options(3) 0 309,232 309,232 0 0 309,232 Cash settlement of PSUs(3) 0 541,509 541,509 0 0 1,419,002 Pension benefit 0 0 0 0 0 0 Other benefits(5) 0 0 0 0 0 30,352 Amount Triggered due to Termination $ 0 $ 1,697,999 $ 1,697,999 $ 0 $ 1,344,667 $ 3,950,511 E. Robert Lupone Voluntary(1) Disability Death For Cause Not For Cause Change in Control(2) Annual Incentive/Severance $ 0 $ 0 $ 0$ 0 $ 1,739,667 $ 1,739,667 RSU settled in stock or cash(3) 1,521,808 1,521,808 1,521,808 0 1,521,808 1,521,808 Stock Options(3) 351,833 351,833 351,833 0 351,833 351,833 Cash settlement of PSUs(3) 2,062,302 994,169 994,169 0 2,062,302 2,062,302 Pension benefit 0 0 0 0 0 0 Other benefits(5) 0 0 0 0 0 9,679 Amount Triggered due to Termination $ 3,935,943 $ 2,867,810 $ 2,867,810 $ 0 $ 5,675,610 $ 5,685,289 Julie G. Duffy Voluntary(1) Disability Death For Cause Not For Cause Change in Control(2) Annual Incentive/Severance $ 0 $ 0 $ 0$ 0 $ 1,382,000 $ 1,382,000 RSU settled in stock or cash(3) 1,140,355 1,140,355 1,140,355 0 1,140,355 1,140,355 Stock Options(3) 252,006 252,006 252,006 0 252,006 252,006 Cash settlement of PSUs(3) 1,525,899 750,777 750,777 0 1,525,899 1,525,899 Pension benefit 0 0 0 0 0 0 Other benefits(5) 0 0 0 0 0 30,352 Amount Triggered due to Termination $ 2,918,260 $ 2,143,138 $ 2,143,138 $ 0 $ 4,300,260 $ 4,330,612 (1) Mr. Donnelly, Mr. Lupone and Ms. Duffy 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 and Ms. Duffy are set forth in the Pension Benefits in Fiscal 2025 table on page 45. (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 2024-2026 PSU cycle will be paid at 100% of target and the 2025-2027 PSU cycle will be paid at 100% of target. (4) Potential pension benefits have been calculated assuming a discount rate of 5.65%. (5) Other benefits (i) for Mr. Donnelly, includes, under the “Not for Cause” scenario, $13,644 in continuation of insurance coverage and $167,058 in additional benefits under retirement plans, and, under the “Change in Control” scenario, $20,466 in continuation of insurance coverage, $250,587 in additional benefits under retirement plans and outplacement assistance valued at $184,994, and (ii) for the other NEOs, represents continuation of health benefits.
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