TEXTRON 2026 PROXY STATEMENT / 57 EXECUTIVE COMPENSATION CAP versus Manufacturing Cash Flow before Pension Contributions As shown in the chart below, the Company’s Manufacturing Cash Flow before Pension Contributions increased modestly from 2021 to 2022 decreased in the periods from 2022 to 2023 and 2023 to 2024, and again increased from 2024 to 2025. This measure affects CAP for both the PEO and the Non-PEO NEOs by impacting the extent to which performance share units are earned over the performance periods, however this impact is overshadowed by the impact that changes in the Company’s stock price have on CAP, primarily due to the Company’s use of equity incentives that are tied directly to stock price, as described above. 2021 CAP for PEO Avg CAP for Non-PEO NEO Manufacturing Cash Flow 2022 2023 2024 2025 50 45 40 35 30 25 20 Manufacturing Cash Flow in Millions Compensation in Millions 15 10 5 - - 200 400 600 800 1,000 1,200 1,400 CAP versus Manufacturing Cash Flow 45.8 1,149 9.4 18.7 4.5 1,178 6.0 28.0 931 695 983 15.8 3.8 24.5 3.7
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