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Stock Ownership Guidelines
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Stock Ownership Guidelines

To further encourage the alignment of management and shareowner interests, UTC's Board of Directors has adopted stock ownership guidelines for members of the Board of Directors and for UTC's most senior management group.

  • The CEO is required to own shares of UTC Common Stock, tax deferred stock units or other share equivalents having a value equal to at least six times base salary within five years of attaining that position.
  • Members of the senior management group are required to own shares of UTC Common Stock, tax deferred stock units or other share equivalents having a value equal to at least three times their base salary within five years of joining the senior management group.
  • Non-employee members of the Board are required to own shares of UTC Common Stock, tax deferred stock units or other share equivalents having a value equal to at least five times the applicable base annual retainer amount (i.e. five times $96,000, or an ownership requirement of $480,000) within five years of joining the Board. 

No director or executive officer has pledged company stock. UTC has implemented a policy prohibiting executives from pledging company stock.

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