secwatch.observer — SEC 8-K summary
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Issuer:     TEXTRON INC (TXT)
CIK:        0000217346
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0001104659-25-101558
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Textron appoints Lisa Atherton as President and CEO effective Jan 4, 2026; Scott Donnelly becomes Executive Chairman
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- Lisa Atherton, current Bell segment CEO, promoted to Textron President and CEO and joins Board effective Jan 4, 2026.
- Scott Donnelly becomes Executive Chairman, with base salary $1.485M and target annual incentive of 170% of base salary.
- Atherton's new compensation: base salary $1.3M, target annual incentive 150% of base, and 2026 LTI target value of $10M.
- Board amended by-laws to accommodate an Executive Chairman role distinct from the CEO.
- Atherton has been with Textron since 2007, led Bell since April 2023, and serves on Southwest Airlines board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/217346/000110465925101558/0001104659-25-101558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/217346/000110465925101558/tm2529295d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-101558

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer