Form 4: Honeywell CFO Gregory P. Lewis Reports Stock Transactions
SEC Form 4 Filing
Gregory P. Lewis, Honeywell's CFO, reported the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- On February 12, 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.
- Mr. Lewis converted 1,215 restricted stock units into 1,215 shares of common stock.
- He also disposed of 530 shares of common stock to satisfy tax obligations at a price of $205.27 per share.
- Following these transactions, Mr. Lewis directly owns 56,429 shares of Honeywell common stock and indirectly owns 2,430.9871 shares through a 401(k) plan.
- He also directly owns 1,156 restricted stock units.
- The restricted stock units were granted under the 2016 Stock Incentive Plan and vest in three tranches.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions by an insider, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CFO, who trade in their company's stock. It provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small fraction of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| February 12, 2023 | First vesting date (33%) of the Restricted Stock Units. |
| February 12, 2025 | Date of the reported transactions: conversion of restricted stock units and tax withholding. |
| February 12, 2025 | Second vesting date (33%) of the Restricted Stock Units. |
| February 12, 2027 | Final vesting date (34%) of the Restricted Stock Units. |
| February 14, 2025 | Date of signature for the Form 4 filing. |
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