TEXTRON INC
For the period ended Dec 28, 2024. Filed Feb 6, 2025.
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FY2024 · Filed Feb 6, 2025
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Item 9B. Other Information
(a)As previously announced, Mr. Frank Connor will retire effective February 28, 2025 after having served as our CFO for fifteen years. During his tenure Mr. Connor has made significant contributions across Textron to drive financial and operational excellence. As part of his 2025 duties, Mr. Connor will oversee the completion of the Company’s post year-end financial reporting and related activities and will effect an orderly transition of the CFO role to Mr. Rosenberg and other succession planning within the finance organization. On February 5, 2025, the Organization and Compensation Committee approved Mr. Connor’s 2025 compensation to be set at $1,000,000, taking into account Mr. Connor’s expected duties through his retirement. Mr. Connor’s 2024 total target compensation was $6,300,000.”
(b)None of our directors or executive officers adopted orterminated a “Rule 10b5-1 trading arrangement” oradopted orterminated a “non-Rule 10b5-1 trading arrangement” (as such terms are defined in Item 408 of Regulation S-K) during the quarter ended December 28, 2024.
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