Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Raytheon Technologies’ common stock is listed on the New York Stock Exchange under the ticker symbol “RTX.” There were 41,554 registered shareowners at December 31, 2022. The information required by Item 5 with respect to securities authorized for issuance under equity compensation plans is contained within Item 12 of this Form 10-K.
Stock Performance Graph
The following graph presents the cumulative total shareowner return for the five years ending December 31, 2022 for our common stock as compared to the Standard & Poor’s 500 Stock Index and the S&P Aerospace & Defense (A&D) Index. These figures assume that all dividends paid over the five-year period were reinvested, and that the starting value of each index and the investment in common stock was $100.00 on December 31, 2017.
Comparison of Cumulative Five Year Total Return
Annual Return Percentage
Years Ending
Company/Index 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022
Raytheon Technologies Common Stock (14.66) 43.82 (16.73) 23.27 20.01
S&P 500 Index (4.38) 31.49 18.40 28.71 (18.11)
S&P Aerospace & Defense Index (8.07) 30.33 (16.06) 13.22 17.37
Indexed Returns
Years Ending
Company/Index Base Period 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022
Raytheon Technologies Common Stock $ 100.00 $ 85.34 $ 122.74 $ 102.21 $ 125.99 $ 151.21
S&P 500 Index 100.00 95.62 125.72 148.85 191.58 156.88
S&P Aerospace & Defense Index 100.00 91.93 119.81 100.56 113.86 133.64
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Issuer Purchases of Equity Securities
The following table provides information about our purchases during the quarter ended December 31, 2022 of equity securities that are registered by us pursuant to Section 12 of the Exchange Act.
2022 Total Number of Shares Purchased
(000’s)
Average Price Paid per Share Total Number of Shares Purchased as Part of a Publicly Announced Program
(000’s)
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
(dollars in millions)
October 1 - October 31 2,134 $ 85.81 2,134 $ 3,363
November 1 - November 30 1,244 95.87 1,244 3,244
December 1 - December 31 869 99.59 869 5,968
Total 4,247 $ 91.58 4,247
On December 12, 2022, our Board of Directors authorized a share repurchase program for up to $6 billion of our common stock, replacing the previous program announced on December 7, 2021. Under the 2022 program, shares may be purchased on the open market, in privately negotiated transactions, under accelerated share repurchase programs, and under plans complying with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended. We may also reacquire shares outside of the program from time to time in connection with the surrender of shares to cover taxes on vesting of restricted stock and as required under our employee savings plan. Our ability to repurchase shares is subject to applicable law. No shares were reacquired in transactions outside the program during the quarter ended December 31, 2022.
ITEM 6.
Reserved.
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