TEXTRON 2026 PROXY STATEMENT / 53 EXECUTIVE COMPENSATION PAY VERSUS PERFORMANCE Pay Versus Performance Table The following table provides a summary of “Compensation Actually Paid,” calculated as prescribed by the SEC (“CAP”), to the principal executive officer (“PEO”), the average CAP for the other non-PEO named executive officers (“Non-PEO NEOs”), total shareholder return (“TSR”), Net Income and the Company-selected financial measure of Manufacturing Cash Flow before Pension Contributions for the years 2021 through 2025. Value of Initial Fixed $100 Investment based on:(2) Summary Compensation Table Total for PEO ($) Compensation Actually Paid to PEO ($)(1) Average Summary Compensation Table Total for Non-PEO NEOs ($) Average Compensation Actually Paid to Non-PEO NEOs ($)(1) Company Total Shareholder Return (TSR) ($) Peer Group TSR S&P 500 A&D Index TSR ($) Peer Group TSR S&P 500 Industrials Index TSR ($) Net Income ($) (in millions) Manufacturing Cash Flow before Pension Contributions(3) 2025 21,165,556 24,044,049 3,253,336 3,661,632 181.1 237.6 193.3 921 983 2024 19,643,978 15,770,450 4,526,389 3,798,259 159.0 162.3 158.9 824 695 2023 20,391,762 27,994,633 4,921,857 6,004,863 167.0 141.9 135.2 921 931 2022 15,367,279 18,736,482 3,881,920 4,533,894 146.8 132.9 114.5 861 1,188 2021 18,576,014 45,821,710 4,819,441 9,366,481 159.9 113.2 121.1 746 1,149 (1) During 2021-2024 in the table above, Mr. Donnelly was Textron’s Principal Executive Officer (“PEO”) and our other Named Executive Officers (“Non-PEO NEOs”) consisted of Mr. Connor, Mr. Lupone and Ms. Duffy. In 2025, Mr. Donnelly was Textron’s Principal Executive Officer (“PEO”) and our other Named Executive Officers (“Non-PEO NEOs”) consisted of Mr. Connor, Mr. Lupone, Ms. Duffy, and Mr. Rosenberg. As described in the CD&A on page 26, Mr. Connor served as an NEO for two months in fiscal 2025. (2) Represents the value as of the end of each year indicated of $100 invested on December 31, 2020 in the Company’s stock or in one of the indicated Peer Group indices. (3) In each year, calculated as described in footnotes (2) and (4) of that year’s Annual Incentive Compensation Calculation chart, found on page 34 with respect to 2025. “Compensation Actually Paid” is defined by the SEC to include amounts not actually received by the PEO or non-PEO NEOs. The calculation of CAP is required to include, not only actual take-home pay for the reported year, but (i) an alternate valuation of pension benefits accrued during the year, (ii) the year-end value of equity awards granted during the reported year, and (iii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested or through the end of the reported fiscal year. The reconciliation below sets forth adjustments made to the Summary Compensation Table Total for Mr. Donnelly and the average of the Summary Compensation Table Total for the Non- PEO NEOs to arrive at “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs”, in the manner prescribed by SEC rules.
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