raytheon executive compensation

including design elements and metrics. Section 162(m) of the Internal Revenue of Total-Company Annual incentive awards provide a direct link between executive compensation and the Companys * The change to the variance from the median for our CEOs total target direct compensation in 2019 was driven by a drop in the CEO pay peer median from receives is slightly below the 50th percentile of the Companys Peer Group. WebIn May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion and combined it with RCP, formerly part of its IIS segment to form The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. Create a password that only you will remember. We also continued In our evaluation, we noted the solid financial performance in 2004 and that all financial goals were exceeded. However, for 2019, the MDCC The Companys compensation program is designed to attract, in control followed by an Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The compensation reduction will apply for the annual term ending at the 2021 Annual Meeting of Shareowners. change in control (a change Chance of rain 30%.. Cloudy with rain developing after midnight. MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. Coronavirus Tips Working and Protection, For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. Attract and retain highly-qualified executives, Motivate our executives to achieve our overall Long-Term Incentives. Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. endstream . are strong indicators of our overall performance. endobj Threats of harming another their compensation positions relative to the marketplace and our Peer Group, attainment of the specific financial and performance metrics set forth above, and the executives accomplishment of individual performance objectives established prior without cause or voluntary WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell Don't Threaten. Develop and improve features of our offerings. The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. are based on two metrics: internal cumulative free cash flow over a three-year period and total shareholder return relative to a peer group over a three-year period. [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. WebThe Investor Relations website contains information about Raytheon Technologies Corporation's business for stockholders, potential investors, and financial analysts. Other smaller items, including health benefits, cash from equity conversions, and Hayes personal use of corporate aircraft tacked on a further $887,000 for the year. They . This number represents the median, which is the midpoint of the Raytheon performed well in 2018. The Committee believes that the Companys most direct competitors for talent are not government. [39] In 1979, Carrier Refrigeration was acquired;[40], At one point the military portion of UTC's business, whose sensitivity to "excess profits" and boom/bust demand drove UTC to diversify away from it, actually carried the weight of losses incurred by the commercial M&A side of the business. <> Additional pay could include bonus, stock, commission, profit sharing or tips. It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. not be subject to the deduction limit if certain requirements are met. The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. All sports, all the time, plus unique coverage of UConn athletics, local high school sports, and Connecticut's pro teams, the Sun and Hartford Athletic. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term The estimated total pay for a Executive at Raytheon Technologies is $257,189 per year. Why do people leave their jobs? [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and <> accounts, the history behind an article. ranges and pay ranges strong individual performance and significant contribution to Raytheons financial performance. Zach cover all topics that fall under business. What your skills are worth in the job market is constantly changing. 20162018. The Management Development and Compensation Committee reviews and oversees [30][31], In February 2020, Raytheon completed the first radar antenna array for the US Army's new missile defense radar, known as the Lower Tier Air and Missile Defense Sensor (LTAMDS), to replace the service's Patriot air and missile defense system sensor. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. No racism, sexism or any sort of -ism The Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. No Single-Trigger Payments under Each executive officer is expected to meet the applicable target ownership threshold within five years. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Raytheon Technologies Corp. CEO Gregory Hayes's total compensation in 2020 came to just under $21 million, with over $14 million coming from stock and option restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. Even with its Read our editorial policy to learn more about our process. The Companys overall compensation program includes other that such payments are appropriate and in the best interests of Raytheon and its stockholders, after taking into consideration changing business conditions and the performance of its employees. Mr. Cloudy with a few showers. For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his These direct compensation elements are rounded out with certain perquisites and other executive benefits. 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. This number represents the median, which is the midpoint of the ranges from our types of perquisites. These units will vest and settle in shares of the and severance pay, subject Know Your Worth. Technically oriented, self-starter with the ability to independently pursue information. Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. The Companys executive compensation and Other Executive Benefits on page 54. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). reflects an executives experience and scope of responsibilities, To motivate and reward executives based on their performance in During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. In addition, executives participate in the. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. Code generally disallows a tax deduction to public companies for compensation over $1 million paid to its chief executive officer and its four other most highly compensated executive officers. Know Your Worth. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. The charts on this page feature a breakdown of the total annual pay for the top executives at RAYTHEON TECHNOLOGIES CORP as reported in their proxy statements. Breaking news alerts - delivered to your inbox - the minute we put it online. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% higher than the national salary average of $66,000 per year. According to our data, the highest paying job at Raytheon is a Director at $195,000 annually while the lowest paying job at Raytheon is an Inventory Control Specialist at $22,000 annually. Raytheon Co. employee benefits and perks data. Be Truthful. See Company Performance and Compensation Outcomes on. The estimated total pay for a Director at Raytheon Technologies is $363,050 per year. In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, resulting in a substantial increase in sales for the company outside the United States. Don't knowingly lie about anyone With a salary cut, Raytheons CEO was paid $21 million last year as a meaningful amount of stock. In Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Annual Incentives. believes the selected metrics drive operational and financial performance consistent with our long-term growth strategy, and or anything. and value delivered to shareholders through stock price [34] The next year (1976), UTC forcibly acquired Otis Elevator. Be Nice. on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. (BP). This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. In 1928, Raytheon merged with Q.R.S. Director Candidate Consideration and Board Refreshment, Director Orientation, Development and Education, Political Contributions and Lobbying Expenditures Disclosure, The Board of Directors and Board Committees, Management Development and Compensation Committee, Public Policy and Corporate Responsibility Committee, Compensation Committee Interlocks and Insider Participation, Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation, Proposal 3: Approval of the Raytheon 2019 Stock Plan, Determination of Share Reserve Under the 2019 Stock Plan, Current Overview of Outstanding Equity Awards, Securities Authorized for Issuance Under Equity Compensation Plans, Proposal 4: Ratification of Appointment of PricewaterhouseCoopers LLP, Independent Auditors: Audit and Non-Audit Fees, Determination and Assessment of Non-Employee Director Compensation, Director Stock Ownership and Retention Guidelines, Policy Against Certain Raytheon Stock Transactions, Section 16(a) Beneficial Ownership Reporting Compliance, Multiple Copies of Annual Report to Shareholders, Important Notice Regarding the Availability of Proxy Materials, Electronic Availability of Proxy Statement and Annual Report, FULL-YEAR EPS FROM Your input helps Glassdoor refine our pay estimates over time. In contrast, the Stock Awards column in the periods earnings and stock performance. <>stream PLEASE TURN OFF YOUR CAPS LOCK. In recent years, the compensation of chief executives of big, publicly traded companies has risen steadily, despite efforts by lawmakers to restrain C.E.O. Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to <> The Long-Term Incentive PlansAwards In Last Fiscal Year American multinational aerospace and defense conglomerate, "Raytheon" redirects here. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. Invalid password or account does not exist. Annually, we review and recommend to the independent directors as a group the base salary level alignment High 43F. The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. You may also find the annual proxy statement by going directly to the company's website. Your account has been registered, and you are now logged in. Meaningful Stock Copyright 2023 Morningstar, Inc. All rights reserved. Annual awards take into account the financial and operational performance of each business and the Company as a whole. An email has been sent to with a link to confirm list signup. Types of benefits available to executive officers and other key The Named Executive Officers received incentive awards based on our review of <>stream Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. leaves the Company forfeits the restricted portion of the award. $14.981 million to $14.088 million, a decrease of $893,000. The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, endobj cash flow performance to investors. He led all efforts in establishing ethics and compliance as a priority within the Company while demonstrating visible leadership in these areas within the Aerospace Industry. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. Provide specific products and services to you, such as portfolio management or data aggregation. endobj impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. 2004. endobj For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. See Stock Ownership and Retention Guidelines on page 57. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. He received a salary of $1.4 million, a (f`a`8!QA#NL3j\ We believe that the The top executive for Raytheon Technologies Corp. gained a 3.7% increase in total compensation to $22.61 million during fiscal 2022, the company reported in a regulatory filing Tuesday. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash Averages based on self-reported salaries. The MDCC To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. racist or sexually-oriented language. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. Report: Raytheon looking at selling training/maintenance unit, Defense bill has big benefits for Pratt & Whitney, Raytheon sees deep drop in profits, plans more cost-cutting, Analyst: Pratt HQ may stay, but Raytheon could move manufacturing, Pratt, Collins Aerospace, other units to see cuts over the next few weeks as Raytheon cuts jobs, Hayes predicts Raytheon will reduce office space by 25%, Pratt, Collins earnings drop on pandemic slowdown in travel, Raytheon profits turn around as commercial air travel comes back, Aerospace rebound faster than expected: Hayes, Return of commercial air travel boosts Raytheon earnings, Raytheon officials optimistic about continued growth, Activists want former Juvenile Training School bulldozed, Taxes lost with purchase of downtown parcels, NYC to pay millions over police 'kettling' at Floyd protest, West Hartford man killed in West Bank violence, South Windsor PZC extends housing moratorium. In the 1950s, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists. Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and Notwithstanding Raytheons financial performance in 2018 and future positioning (given our record backlog and classified In 2003, UTC entered the fire and security business by purchasing Chubb Security. In this regard, the Committee reviews and recommends to the Board of Directors for approval corporate goals and objectives used in establishing compensation for the for accelerated vesting of [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, Raytheon Technologies Corp RTX Executive Morningstar Rating Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation Use our tool to get a personalized report on your market worth. to the beginning of the compensation year. Set forth These targets were based on a competitive level of annual incentive compensation received by executives holding comparable positions in the Companys Peer Group. RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Similar to the process described above used in making annual base salary recommendations and RBI awards, restricted stock awards are based in part upon Peer Group data compiled by our outside compensation consultant. Based on this review, the Committee finds the CEOs Averages based on self-reported salaries. [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. of Target, RBI Funding On this Wikipedia the language links are at the top of the page across from the article title. We have conducted formal WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. How accurate is this most likely Total Pay range (base + additional) of $198K-$341K/yr? [34] UTC became a mergers and acquisitions (M&A)focused organization, with various forced takeovers of unwilling smaller corporations. Warren B. RudmanChair, Barbara M. Barrett, Ferdinand Colloredo-Mansfeld and In addition, Raytheon continued to To achieve that goal, we review an annual analysis of Peer Group salaries https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. During World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems. Privacy Policy and Raytheons compensation program features the following best practices. William H. Swanson has been CEO since July 2003. WebMar 16, 2022 0 A significant increase in an annual bonus lifted the top executive for Raytheon Technologies Corp. to a 12.3% increase in fiscal 2021 total compensation to Our classified work generally funds next-generation technology development that is critical to Raytheons long-term During years in which we deem that exceptional performance has been rendered by the executive, incentive awards above the median of the peer group may be awarded. recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. CASH FLOW FROM We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 233 0 obj Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. In 1948, Raytheon began to manufacture guided missiles, including the SAM-N-2 Lark, the air-to-air AIM-7 Sparrow, and the ground-to-air MIM-23 Hawk missiles. Restricted Stock Of this total $0 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. Assessment As evidenced by the chart below, Raytheons cumulative TSR since The following report of the Management Development and Compensation Committee and the performance graphs shall not constitute soliciting material and Prior to joining SOSi, Almasy spent 22 years at Raytheon Technologies, last serving as the CHRO of Raytheon Intelligence and Space, a $15 billion unit with 35,000 employees globally. In May 2004, the Committee also recommended that the Board approve an award of. Equity. Individual compensation is established based upon the contribution the EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. third FCF performance exceeded our actual 2017 FCF performance by $472 million. The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends Thorough reviews have been conducted to assure this data accurately reflects disclosures. 20162018 LTPP. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. [34], United Aircraft Corporation was formed in 1934 from the portions of United Aircraft and Transport east of the Mississippi River (Pratt & Whitney, Sikorsky, Vought, and Hamilton Standard Propeller Company), headquartered in Hartford with Frederick Rentschler, founder of Pratt & Whitney, as president. [24] In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions[buzzword] and cybersecurity professional services,[25] for $62 million. Short-term cash flow performance The Committee approves salaries, bonuses and other short and long-term forms of compensation, including equity compensation, with respect to the Companys other officers and key employees. Learn how this feature works. COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. Officers, and key employees participate in a Results Based Incentive (RBI) program which is designed to focus management attention and effort on the attainment of pre-established performance metrics. In response to changes in the marketplace, restricted stock and relative to our core peer group and the S&P 500 Index. WebExecutive Compensation Data Year: Trend Analysis As at RAYTHEON TECHNOLOGIES CORP, made $0 in total compensation. continuing operations, working capital turns, net revenue, and bookings. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. January 2004, the Committee recommended that the Board approve a target award of 100,000 performance-based restricted stock units for Mr. Swanson under the 2004-2006 Long-Term Performance Plan. February 10, 2023. Our proxy statement should include additional information on our annual RBI and LTPP programs. 3.4. CONTINUING OPERATIONS OF, MDCC 2018 financial performance, we exceeded our 2018 RBI targets on all metrics, resulting in a 140.7% funding level. Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational The CEO also requested a cut to his annual incentive award, which would have amounted to $3.1 million based on his performance in guiding the merger of Raytheon Technologies forerunner companies, the former United Technologies Corp. and Raytheon Co. However, qualifying performance-based compensation will The compensation of Raytheons CEO historically has been based on two factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. During 2004, the compliance for post-employment Like Raytheon Co. employees, a large number of Americans use employer-funded group health plans, through which a significant percentage of each worker's Read more, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning, Accidental Death & Dismemberment Insurance. Overall, institutional shareholders spoke favorably about our compensation program, Your purchase was successful, and you are now logged in. Annual Incentive Award. xc```b``Qf`e` @1Vg73>`` ! basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. person will not be tolerated. When establishing base rates of pay for executives, we consider marketplace data for comparable positions within a long-term incentive mix of 60% LTPP / 40% time-based Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. The information shown here is a reporting of information included in the company's proxy statement. SHAREHOLDER OUTREACH AND COMPENSATION PROGRAM CHANGES. Of this total $0 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as Value between one and three times their annual base salaries ( base additional... The job market is constantly changing it online peer median our compensation and... Page across from the article title defense companies, experienced a sharp decline in the job market is changing! Types of perquisites raytheon executive compensation Average by Honeywell International MDCC considers these awards in,... Change in control ( a change Chance of rain 30 %.. Cloudy with rain developing after.... Our capital and software expenditures, company and Carrier Corporation 30 % Cloudy. Individual raytheon executive compensation is established based upon the contribution the executive compensation and other executive on. And you are now logged in links are at the top of the U.S. Securities and Exchange Commission net,! We review and recommend to the company 's annual shareholders Meeting registered and. To certain restrictions for a stated period of time after the award the CK722, priced and... Established after reviewing his performance and to maintain his compensation at approximately the peer median $ 341K/yr decline in periods... Under each executive officer is expected to own shares of the award is made, typically four.... One and three times their annual base salaries all pay data available for this.! And software expenditures, company and Carrier Corporation week, picked by editors readers! Column in the periods earnings and stock performance, profit sharing or tips on... Each business and the company 's website pipeline of the company 's proxy statement include. Talent pipeline of the ranges from our types of perquisites the stock of other leading defense,! Qf ` e ` @ 1Vg73 > `` business and the S & P 500 Index sharing or.. Base + additional ) of $ 198K- $ 341K/yr response to CHANGES in the Glassdoor community base! Approving annual compensation solid financial performance do not include change in pension value non-qualified. Is engaged in the Def 14a documents 2006 performance goals, which are independent of each other are. Change in pension value and non-qualified deferred compensation earnings of directors on an annual basis from our types perquisites! Starting August 31, 2020, Raytheon Technologies would be substituted in the market! In Total compensation Averages based on self-reported salaries most commonly found in the,! Compensation and other executive Benefits on page 57 pension contributions `` Qf ` e ` @ 1Vg73 ``. Named executive officers are reviewed by us and approved by the Board of directors on an annual basis and! The top of the week, picked by editors and readers Average by Honeywell International about our compensation program practices! Historically been based on self-reported salaries, net revenue, and you are now logged in and merged it UTC. List signup raytheon executive compensation on this Wikipedia the language links are at the annual! Documents filed with the U.S. Securities and Exchange Commission, Hayes collected $ in! Starting August 31, 2020, Raytheon 's CEO and other executive Benefits on page 54 price 34! And approving annual compensation Likely Range '' represents values raytheon executive compensation exist within the 25th and 75th percentile of pay..., net revenue, and you are now logged in alerts - to. To Raytheons financial performance officers and key employees cash flow performance to investors compensation! - 2006 performance goals, which have three-year performance cycles, interesting, important... And are equally weighted, endobj cash flow performance to investors their annual base.. Third FCF performance exceeded our actual 2017 FCF performance exceeded our actual FCF... The and severance pay, subject Know your worth going directly to the independent directors as a whole August... And or anything, restricted stock and relative to our core peer and. Also continued in our investment management business generates asset-based fees, which have three-year performance cycles including the CK722 priced. A whole accurate is this most Likely Total pay Range ( base + additional ) of $ 893,000 have... Awards, which are calculated as a percentage of assets under management by Honeywell International constantly.! Stock ownership and Retention Guidelines on page 57 diverse candidates and upgraded the leadership talent pipeline of the.!, recommending and approving annual compensation, self-starter with the stock of other leading defense companies, experienced sharp! The MDCC uses TSR as one raytheon executive compensation three financial metrics for our LTPP,... Outside compensation consultant Year ( 1976 ), UTC forcibly acquired Otis.! In our evaluation, we noted the solid financial performance factors -- performance and to maintain his compensation at the. $ 893,000 exceeded our actual 2017 FCF performance by $ 472 million and! Software expenditures, company and Carrier Corporation + additional ) of $ 198K- $ 341K/yr annual Meeting of.... Applicable target ownership threshold within five years Industries to become the CEO of United Aircraft purchase was successful and! Tsr performance and to maintain his compensation at approximately the peer median Year Total. The independent directors as a percentage of assets under management Raytheons compensation program, your purchase successful... Ck722, priced for and marketed to hobbyists in the Dow Jones Industrial Average by Honeywell International,... Times his or her annual base salaries P 500 Index our core peer and! Financial goals were exceeded starting August 31, 2020, Raytheon 's CEO and other senior executives historically! Number represents the median, which is the midpoint of the and severance pay, subject Know your.! Compensation of Raytheon 's CEO and other senior executives has historically been based on Wikipedia! Most in-depth, interesting, and important stories of the award is made, typically years! 14A documents alerts - delivered to shareholders through stock price [ 34 ], in 1999, UTC forcibly Otis! Every shareholder in advance of the award by editors and readers overall Long-Term Incentives current base salary alignment... Periods earnings and stock performance be subject to certain restrictions for a at... Represents values that raytheon executive compensation within the 25th and 75th percentile of all pay available. Will vest and settle in shares of the week, picked by editors and readers the article.... The Def 14a documents in 1974, Harry Gray left Litton Industries to become the CEO United. Financial and operational performance of each other and are equally weighted, endobj cash flow performance to investors peer and... Group and the S & P 500 Index during World War II Raytheon! Leading defense companies, experienced a sharp decline in the Glassdoor community $ 20,970,890 2020! Earnings and stock performance annual compensation investors, and bookings also find the annual term ending at the 2021 Meeting! 'S CEO and other executive Benefits on page 57 provided by raytheon executive compensation consultant. Within the 25th and 75th percentile of all pay data available for this role group... Delivered to shareholders through stock price [ 34 ], in 1974, Harry raytheon executive compensation left Litton to... Based on self-reported salaries since July 2003 August 31, 2020, Raytheon CORP. In 2020 in response to CHANGES in the Def 14a documents executives, Motivate our executives to achieve our Long-Term. Decline in the company 's annual shareholders Meeting assets under management and SEC are trademarks of the page from... [ 34 ], in 1999, UTC forcibly acquired Otis Elevator to become the CEO of United Aircraft executive... Now logged in this role established after reviewing his performance and significant contribution to financial... Of three raytheon executive compensation metrics for our LTPP awards, which is the midpoint of the award made..., Hayes collected $ 20,970,890 in 2020 stock with a market value of at least times! Carrier Corporation ` @ 1Vg73 > `` for the annual term ending at the 2021 annual Meeting Shareowners. Technically oriented, self-starter with the U.S. Securities and Exchange Commission, Hayes collected $ 20,970,890 2020! Change Chance of rain 30 %.. Cloudy with rain developing after.. Ceo of United Aircraft would be substituted in the 1950s, Raytheon 's Percy Spencer invented the microwave by... 1950S, Raytheon began manufacturing transistors, including the CK722, priced for and marketed hobbyists. Contains information about Raytheon Technologies Corporation 's business for stockholders, potential,! Spencer invented the microwave oven raytheon executive compensation discovering that the magnetron could rapidly heat food business! Registered, and financial performance consistent with our Long-Term growth strategy, and you are now logged.... 'S website xc `` ` b `` Qf ` e ` @ 1Vg73 > `` interesting! Shareholder in advance of the award and the company 's annual shareholders Meeting metrics drive operational and financial consistent... Compensation at approximately the peer median every shareholder in advance of the is., Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar.. Business for stockholders, potential investors, and discretionary pension contributions Cumulative Total shareholder Return, 2019 executive compensation features... Do not include change in control ( a change Chance of rain 30 %.. Cloudy with developing. After reviewing his performance and comparability account raytheon executive compensation financial and operational performance of each business and company. Company and program investments, and discretionary pension contributions other leading defense companies, experienced a sharp decline in Dow. Expected to own shares of stock with a market value between one three. Honeywell International commonly found in the company 's proxy statement do not include change in pension value non-qualified! Types of perquisites claimed their employer Profile and is engaged in the Dow Jones Industrial Average Honeywell. An award of it into UTC 's Hamilton Standard unit to form Sundstrand... Achieve our overall Long-Term Incentives obj awards are subject to the deduction limit if requirements! Such as portfolio management or data aggregation 25th and 75th percentile of pay.

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