Form 4: Honeywell Director Acquires Phantom Shares in Compensation Plan

Honeywell International Inc. Director Duncan Angove acquired 484.9932 phantom shares through a deferred compensation plan.

Summary

• Duncan Angove, a Director of Honeywell International Inc., acquired 484.9932 phantom shares on January 2, 2026.
• These phantom shares were acquired at a price of $195.88 per share, based on the underlying common stock price.
• Following this transaction, Angove beneficially owns a total of 9,262.253 phantom shares directly.
• The phantom shares are part of the Deferred Compensation Plan for Non-Employee Directors and will be settled in cash based on the reporting person's elections.
• Phantom shares are allocated by dividing the dollar amount of the contribution by the common stock price on the contribution date.

Sentiment

Score: 6

Explanation: The filing reports a routine insider acquisition of phantom shares as part of a deferred compensation plan, which is a neutral to slightly positive event as it aligns director interests with the company's performance, but it does not indicate significant operational or financial news.

Positives

• Director Angove's increased beneficial ownership of phantom shares aligns his interests with shareholders, as the value is tied to the company's common stock performance.
• The transaction is part of a structured deferred compensation plan, indicating a long-term incentive for the director.

Risks

• NA

Future Outlook

The filing does not provide a future outlook for the company, focusing solely on an insider's beneficial ownership change.

Management Comments

• Phantom shares are accrued under the Deferred Compensation Plan for Non-Employee Directors and will be settled in cash based on elections by the Reporting Person as permitted under the Plan.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information to analyze broader industry trends or competitors. It reflects standard corporate governance practices regarding director compensation.

Comparison to Industry Standards

• NA. This filing is a standard insider transaction report and does not contain information for comparison to industry-specific operational or financial benchmarks.

Corporate Governance

Stakeholder Impact

• Shareholders: The acquisition of phantom shares by a director can be seen as a positive signal of alignment between management and shareholder interests, as the value of these shares is tied to the company's common stock performance.

Next Steps

• The confirming statement indicates ongoing authorization for Jay Shah and Richard Kent to file future Forms 3, 4, and 5 on behalf of Duncan Angove as required.

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of phantom shares by a director as part of a deferred compensation plan. While it indicates continued alignment of director interests with the company, it does not provide new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific insider transaction.

Keywords

Honeywell International Inc., HON, Duncan Angove, Form 4, Insider Transaction, Phantom Shares, Deferred Compensation, Director Ownership