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

Honeywell International Inc. director William S. Ayer acquired 266.0503 phantom shares through the company's deferred compensation plan.

Summary

• Director William S. Ayer acquired 266.0503 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 settled in cash based on the price of Honeywell's common stock at the time of settlement.
• The price of the common stock used to calculate the phantom shares was $225.52 per share.
• Following this transaction, Mr. Ayer beneficially owns 4,996.3601 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 participation in the company's compensation plan.

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 based on the price of Honeywell's common stock at the time of settlement, as elected by the reporting person.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors of publicly traded companies, such as Honeywell.
• Many companies, including those in the industrial sector like General Electric and 3M, offer similar deferred compensation plans to their non-employee directors.
• The use of phantom shares is a typical method for providing deferred compensation, aligning director interests with the company's stock performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

phantom shares, deferred compensation, director, Honeywell, insider trading, Form 4