Textron (TXT) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on April 23, 2025, with shareholders voting on director elections, executive compensation, and auditor ratification.

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

• 2024 revenues were $13.7 billion, with a $1.2 billion segment profit and a $4 billion increase in backlog, despite labor disruptions and market challenges.

• Key business highlights include new product launches, major defense contracts, and advancements in sustainable aviation.

Voting matters and shareholder proposals

• Shareholders will vote to elect ten directors, approve executive compensation on an advisory basis, and ratify Ernst & Young LLP as the independent auditor for 2025.

• Proxy access allows eligible shareholders to nominate directors; proposals for the 2026 meeting must be submitted by November 4, 2025.

Board of directors and corporate governance

• Nine of ten director nominees are independent; the board emphasizes diversity, relevant industry experience, and regular refreshment.

• The board conducts annual self-evaluations and requires directors to stand for election annually.

• Lead Director is elected by independent directors, with defined duties and regular executive sessions without management.

• Directors are subject to stock ownership requirements and anti-hedging/pledging policies.