Form 4: Honeywell Director Boosts Phantom Share Holdings

Honeywell International Inc. Director Michael W. Lamach acquired 306.3081 phantom shares through a deferred compensation plan, increasing his beneficial ownership to 941.2901 phantom shares.

Summary

• Michael W. Lamach, a Director of Honeywell International Inc. (HON), acquired 306.3081 Deferred Compensation (Phantom Shares) on January 2, 2026.
• The acquisition was part of a deferred compensation plan for non-employee directors.
• The phantom shares were acquired at a price of $195.88 per share.
• Following this transaction, Michael W. Lamach beneficially owns 941.2901 phantom shares directly.
• Phantom shares are allocated based on the common stock price on the contribution date and will be settled in cash based on elections by the reporting person.
• A confirming statement dated June 5, 2026, authorizes Jay Shah and Richard Kent to execute and file SEC Forms 3, 4, and 5 on behalf of Michael W. Lamach.

Sentiment

Score: 6

Explanation: The acquisition of phantom shares by a director, while not a direct equity purchase, indicates continued engagement and alignment with the company's performance through a compensation plan, which is generally a neutral to slightly positive signal.

Positives

• Director Michael W. Lamach increased his beneficial ownership of phantom shares, indicating continued participation in the company's compensation plans and alignment with shareholder interests.
• The transaction is part of a structured deferred compensation plan, reflecting a routine and expected component of director remuneration.

Negatives

• The acquisition was of phantom shares, which are settled in cash and do not represent a direct purchase of common stock by the director, thus not involving direct personal capital investment in the company's equity.

Future Outlook

Phantom shares will be settled in cash based on elections by the reporting person as permitted under the Deferred Compensation Plan for Non-Employee Directors, with the settlement value tied to the price of Common Stock at settlement.

Management Comments

• Michael W. Lamach authorized Jay Shah and Richard Kent to execute and file all Forms 3, 4, and 5 on his behalf, confirming his responsibility to comply with Section 16 of the Securities Exchange Act of 1934.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across publicly traded companies, reflecting a director's participation in a company's compensation scheme rather than a broader industry trend or competitive action.

Corporate Governance

Stakeholder Impact

• Shareholders may view the director's continued participation in the deferred compensation plan as a sign of ongoing commitment and alignment of interests with the company's long-term performance.

Next Steps

• Phantom shares will be settled in cash at a future date based on the reporting person's elections and the price of Common Stock at settlement.

Key Dates

Keywords

Honeywell International Inc., HON, Michael W. Lamach, Director, Insider Transaction, Form 4, Phantom Shares, Deferred Compensation, Beneficial Ownership