EXECUTIVE COMPENSATION 56 / TEXTRON 2026 PROXY STATEMENT Company’s TSR versus Peer Groups’ TSR As shown in the chart below, the Company’s cumulative TSR is correlated with the S&P 500 Industrials index cumulative TSR. It is not as closely aligned with the S&P 500 A&D index cumulative TSR. Because Textron is a multi-industry company with businesses in the aerospace and defense industry as well as other industrial manufacturing businesses, both indices are relevant for comparison, although neither is an ideal peer group. Due to consolidation in the A&D industry, that index reflects the results of only twelve companies, including Textron, making each company’s impact arguably outsized, especially the impact of large companies, given that the returns shown are weighted based on market capitalization. Since the S&P 500 Industrials index includes a greater number of companies than the S&P 500 A&D index, using this index for comparison mitigates the effect of companies with outlying performance. - 50 100 150 200 250 2022 2021 2023 2024 2025 113.2 121.1 159.9 146.8 132.9 114.5 135.2 141.9 167.0 162.3 159.0 158.9 181.1 193.3 237.6 Textron TSR S&P 500 Industrial TSR S&P 500 A&D TSR Textron TSR versus Peer Groups’ TSR TSR in Dollars CAP versus Net income As shown in the chart below, the Company’s net income increased in both periods from 2021 to 2022 and 2022 to 2023. The company’s net income decreased in the period from 2023 to 2024. From 2024 to 2025 the Company’s net income increased again. This measure is somewhat aligned with the calculated CAP for both the PEO and the Non-PEO NEOs, although, the correlation related to Net Income impact is overshadowed by the impact of changes in the Company’s stock price on CAP primarily due to the Company’s use of equity incentives that are tied directly to stock price, as described above. Notably, the Company does not use Net Income to determine compensation levels or long-term incentive plan payouts. - 5 10 15 20 25 30 35 40 45 50 - 100 200 300 400 500 600 700 800 900 1,000 2021 2022 2023 2024 2025 CAP for PEO Avg CAP for Non-PEO NEO Net Income CAP versus Net Income Compensation in Millions Net Income in Millions 9.4 45.8 746 861 18.7 4.5 28.0 6.0 921 824 921 15.8 3.8 24.5 3.7
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