Form 4: Honeywell Director Acquires Phantom Shares Through Deferred Compensation Plan

Honeywell International Inc. director Duncan Angove acquired 421.2492 phantom shares through the company's deferred compensation plan.

Summary

• Director Duncan Angove acquired 421.2492 phantom shares of Honeywell International Inc. on January 2, 2025.
• These phantom shares were acquired through the company's Deferred Compensation Plan for Non-Employee Directors.
• The phantom shares are based on the price of common stock on the contribution date.
• The price per share was $225.52.
• The phantom shares will be settled in cash based on the price of common stock at settlement.
• Following this transaction, Mr. Angove beneficially owns 7,621.4998 phantom shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. It indicates continued alignment of director interests with the company's performance.

Positives

• The acquisition of phantom shares indicates continued participation in the company's deferred compensation plan by a director.
• The deferred compensation plan aligns director interests with the long-term performance of the company.

Future Outlook

The phantom shares will be settled in cash at a future date based on elections by the Reporting Person as permitted under the Plan.

Industry Context

This type of transaction is common for directors of publicly traded companies as part of their compensation packages, aligning their interests with the company's performance.

Comparison to Industry Standards

• Deferred compensation plans are a standard practice for non-employee directors in large public companies like Honeywell.
• The use of phantom shares is a common method to provide equity-based compensation without issuing actual shares.
• Companies like General Electric, Boeing, and United Technologies also utilize similar deferred compensation plans for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

phantom shares, deferred compensation, director, Honeywell, equity, compensation, insider trading