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Industrials & Aerospace

Textron Executive Compensation (FY25)

TXT · Providence, RI · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Scott Donnelly
Latest say-on-pay support
=
April 29, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 3, 2026Latest filing (8-K): May 1, 2026
5 filings cited on this page
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303 figures on this page: 300 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Scott Donnelly: $19,643,978 → $21,165,556 (7.7% higher)
Say-on-pay support: 92.5% → 89.7% (2.8 points lower)
CEO pay ratio: 171:1 → 190:1 (11.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Textron's chief executive and what were they paid?
Scott Donnelly, Chairman, President and Chief Executive Officer, received $21,165,556 in total compensation for fiscal 2025. Compared with the $19,643,978 reported for fiscal 2024, Donnelly's total was 7.7% higher.
What was Textron's say-on-pay result?
The say-on-pay proposal drew 89.7% of votes cast for or against in favor at the meeting held April 29, 2026 for fiscal 2025.
Which companies are in Textron's peer group?
The disclosed peer group includes BorgWarner Inc., Eaton Corporation Plc, Emerson Electric Co., General Dynamics Corporation and Honeywell International Inc., among others.
What is Textron's chief executive pay ratio?
The company reported a chief executive pay ratio of 190:1 for fiscal 2025, against median employee compensation of $111,269.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott C. Donnelly
Chairman, President and Chief Executive Officer
◇—◇◇◇—◇◇
Frank T. Connor
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
E. Robert Lupone
Executive Vice President, General Counsel, Secretary and Chief Compliance Officer
◇—◇◇◇—◇◇
Julie Duffy
Executive Vice President and Chief Human Resources Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott C. Donnelly
Chairman, President and Chief Executive Officer
◇—◇◇◇◇◇◇
Frank T. Connor
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Julie Duffy
Executive Vice President and Chief Human Resources Officer
◇—◇◇◇◇◇◇
E. Robert Lupone
Executive Vice President, General Counsel and Secretary
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Donnelly
Chairman, President and Chief Executive Officer
◇—◇◇◇◇◇◇
Frank Connor
Executive Vice President and Chief Financial Officer (Retired)
◇—◇◇◇◇◇◇
E. Robert Lupone
Executive Vice President, General Counsel and Secretary
◇—◇◇◇—◇◇
Julie Duffy
Executive Vice President and Chief Human Resources Officer
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Donnelly
Chairman, President and Chief Executive Officer
◇—◇◇◇◇◇◇
E. Robert Lupone
Executive Vice President, General Counsel and Secretary
◇—◇◇◇—◇◇
David Rosenberg
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Julie Duffy
Executive Vice President and Chief Human Resources Officer
◇—◇◇◇◇◇◇
Frank Connor
Executive Vice President and Chief Financial Officer (Retired)
◇◇————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David M. RosenbergRSU◇——◇——◇
David M. RosenbergPSU◇◇◇—◇—◇
David M. RosenbergOPTION◇——◇—◇◇
E. Robert LuponeRSU◇——◇——◇
E. Robert LuponePSU◇◇◇—◇—◇
E. Robert LuponeOPTION◇——◇—◇◇
Julie G. DuffyPSU◇◇◇—◇—◇
Julie G. DuffyRSU◇——◇——◇
Julie G. DuffyOPTION◇——◇—◇◇
Scott C. DonnellyRSU◇——◇——◇
Scott C. DonnellyPSU◇◇◇—◇—◇
Scott C. DonnellyOPTION◇——◇—◇◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Scott DonnellyOption◇—◇3/1/2035
Option◇—◇3/1/2034
PSU◇◇——
Option◇—◇3/1/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
Frank ConnorOption◇—◇3/1/2034
PSU◇◇——
Option◇—◇3/1/2033
RSU◇◇——
RSU◇◇——
David M. RosenbergOption◇—◇3/1/2035
PSU◇◇——
E. Robert LuponeOption◇—◇3/1/2035
PSU◇◇——
Option◇—◇3/1/2034
PSU◇◇——
RSU◇◇——
Option◇—◇3/1/2033
RSU◇◇——
RSU◇◇——
Julie DuffyOption◇—◇3/1/2035
PSU◇◇——
Option◇—◇3/1/2034
PSU◇◇——
RSU◇◇——
Option◇—◇3/1/2033
RSU◇◇——
RSU◇◇——
David RosenbergRSU◇◇——
Option◇—◇3/1/2034
PSU◇◇——
Option◇—◇3/1/2033
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
David Rosenberg
Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
E. Robert Lupone
Executive Vice President, General Counsel and Secretary · Terms as described in the company’s compensation discussion
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Excise tax treatment◇
Julie Duffy
Executive Vice President and Chief Human Resources Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Excise tax treatment◇
Scott Donnelly
Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Kerry Clark
◇◇———◇◇
Deborah Lee James
◇◇———◇◇
Lionel L. Nowell III
Lead independent director
◇◇————◇
Thomas A. Kennedy
◇◇———◇◇
Maria T. Zuber
◇◇————◇
Michael X. Garrett
◇◇————◇
Richard F. Ambrose
◇◇————◇
Kathleen M. Bader
◇◇————◇
Rob Mionis
◇◇————◇
James L. Ziemer
◇————◇◇
Lisa M. Atherton, Cristina Méndez and Scott C. Donnelly served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • BorgWarner Inc. BWA
  • Eaton Corporation Plc ETN
  • Emerson Electric Co. EMR
  • General Dynamics Corporation GD
  • Honeywell International Inc. HON
  • Howmet Aerospace, Inc. HWM
  • Huntington Ingalls Industries Inc. HII
  • Illinois Tool Works Inc. ITW
  • L3Harris Technologies, Inc. LHX
  • Lear Corporation LEA
  • Northrop Grumman Corporation NOC
  • Oshkosh Corporation OSK
  • Parker-Hannifin Corporation PH
  • Rockwell Automation Inc. ROK
  • Spirit AeroSystems Holdings, Inc. SPR
  • TransDigm Group TDG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 29, 2026=◇◇◇
2024April 23, 2025=◇◇◇
2023April 24, 2024=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Scott Donnelly (Chairman, President and Chief Executive Officer), FY2025 total compensation $21,165,556 (base salary $1,530,577) [exec_comp, SEC accession 0001552781-26-000084, filed 2026-03-05]

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What this page does not include

Everything above is a fact Textron disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Textron sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
303 figures on this page: 300 cited to the filing that reported them, 3 calculated from figures it prints.
300 cited to the filing
3 calculated from the filing

Documents cited

  1. 0001104659-26-054116
    6,094 5,652,133 742,868 3. The advisory (non-binding) resolution to approve the compensation of our named executive officers, as disclosed in our proxy statement, was approved by the following vote: F
  2. 0001552781-26-000084
    Compensation Discussion and Analysis · Compensation of Directors · Grants of Plan-Based Awards in Fiscal 2025 · Outstanding Equity Awards at 2025 Fiscal Year-End · and 1 more section
  3. 0000217346-25-000048
  4. 0000217346-24-000063
  5. 0001552781-24-000070
    Summary Compensation Table
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Velarion, “Textron executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TXT (accessed 2026).
Short form: data: Velarion

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5 filings cited on this page
Method: intel.velarion.ai/methodology
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers Textron discloses

The companies named in TXT's own disclosed peer group.

BorgWarner Inc.Eaton Corporation PlcEmerson Electric Co.General Dynamics CorporationHoneywell International Inc.Howmet Aerospace, Inc.Huntington Ingalls Industries Inc.Illinois Tool Works Inc.L3Harris Technologies, Inc.Lear CorporationNorthrop Grumman CorporationOshkosh CorporationParker-Hannifin CorporationRockwell Automation Inc.Spirit AeroSystems Holdings, Inc.TransDigm Group

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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