Form 4: Honeywell CFO Gregory P. Lewis Reports Stock Transactions
SEC Form 4 Filing
Gregory P. Lewis, Honeywell's CFO, reported the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 10, 2025, Gregory P. Lewis, the Senior Vice President and Chief Financial Officer of Honeywell International Inc., reported transactions involving Honeywell's common stock and restricted stock units.
- Lewis exercised 2,358 restricted stock units, which converted into an equal number of common stock shares.
- Simultaneously, Lewis disposed of 1,043 shares of common stock at a price of $207.12 per share to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Lewis directly owns 55,744 shares of Honeywell common stock and indirectly owns 2,430.9871 shares held in a 401(k) plan.
- He also holds 4,589 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, indicating a neutral sentiment.
Future Outlook
The remaining Restricted Stock Units will vest 33% on February 10, 2026 and 34% on February 10, 2027.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the trading activities of company executives.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units as a form of long-term incentive.
- The vesting schedules and tax implications are typical for such equity grants.
- Companies like General Electric and 3M also utilize similar equity compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
- The filing provides transparency to shareholders regarding insider trading.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of earliest transaction: Exercise of restricted stock units and sale of shares. |
| 02/12/2025 | Date of report filing. |
| 02/10/2026 | 33% of Restricted Stock Units vest. |
| 02/10/2027 | 34% of Restricted Stock Units vest. |
Keywords
Honeywell, Gregory P. Lewis, CFO, Stock Transactions, Restricted Stock Units, Form 4, Beneficial Ownership
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