Form 4: Honeywell Director Pascal Desroches Acquires Phantom Shares

Pascal Desroches, a Director at Honeywell Aerospace Inc., has acquired phantom shares under the company's Deferred Compensation Plan.

Summary

• Director Pascal Desroches acquired 135.1441 phantom shares on June 29, 2026.
• These phantom shares are part of the Deferred Compensation Plan for Non-Employee Directors.
• The allocation of phantom shares is based on the market price of Honeywell Aerospace Inc. common stock on the contribution date.
• The phantom shares will be settled in cash upon election by the reporting person, based on the stock price at settlement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, representing a routine compensation event for a director rather than a significant strategic or financial development.

Positives

• Director participation in deferred compensation plans indicates alignment with long-term company performance.
• The acquisition of phantom shares suggests continued commitment from the director.

Risks

• The value of the phantom shares is subject to fluctuations in Honeywell Aerospace Inc. common stock price.
• Settlement in cash means the director does not directly hold common stock, potentially limiting voting rights or direct equity participation.

Future Outlook

The future outlook for the phantom shares is tied to the performance of Honeywell Aerospace Inc. common stock, which will determine the cash settlement value.

Industry Context

StockSavvy.ai notes that the use of phantom shares is a common executive and director compensation tool in the aerospace and defense industry, allowing for performance-based incentives without immediate equity dilution.

Stakeholder Impact

• Shareholders: No immediate impact on share count or dilution. The value of the phantom shares is tied to stock performance.
• Director Pascal Desroches: Benefits from potential cash settlement based on company stock performance.

Next Steps

• Settlement of phantom shares in cash based on reporting person's elections and stock price at settlement.

Key Dates

Keywords

Form 4, Insider Trading, Honeywell Aerospace Inc., Pascal Desroches, Deferred Compensation, Phantom Shares, Director Compensation, SEC Filing