Textron (TXT) Proxy Filing summary

Executive summary

• Annual meeting scheduled for April 29, 2026, to be held virtually; shareholders will vote on director elections, auditor ratification, and executive compensation approval.

• Textron operates globally across aviation, defense, industrial, and finance segments, with a focus on innovation and sustainability.

• 2025 revenues reached $14.8 billion (up 8%), segment profit $1.4 billion (up 14%), and backlog increased to $18.8 billion.

• Significant investments in R&D ($521 million) and capital expenditures ($383 million) in 2025.

Voting matters and shareholder proposals

• Shareholders will vote to elect eleven directors, ratify Ernst & Young LLP as independent auditor, and approve executive compensation on an advisory basis.

• Board recommends voting “FOR” all proposals.

• Proxy access allows eligible shareholders to nominate directors; proposals for the 2027 meeting must be submitted by November 6, 2026.

Board of directors and corporate governance

• Board comprises 11 nominees, 81% independent, with a mix of tenures and diverse backgrounds.

• Recent leadership changes: Lisa Atherton appointed President & CEO (Jan 2026), Scott Donnelly transitioned to Executive Chairman.

• Lead Director is elected by independent directors; robust annual self-evaluations and director stock ownership requirements in place.

• Board committees (Audit, Nominating & Corporate Governance, Organization & Compensation) are fully independent.