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

Honeywell International Inc. director Deborah Flint acquired 328.1323 phantom shares through the company's deferred compensation plan.

Summary

• Deborah Flint, a director at Honeywell International Inc., acquired 328.1323 phantom shares 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 Honeywell's common stock on the contribution date.
• The price per share used for the allocation was $225.52.
• The phantom shares will be settled in cash based on the price of Honeywell's common stock at the time of settlement.
• Following this transaction, Ms. Flint beneficially owns 4,522.7384 phantom shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction within a standard compensation plan, indicating a neutral to slightly positive sentiment due to alignment of director interests.

Positives

• The acquisition of phantom shares indicates continued alignment of director interests with the company's performance.
• The deferred compensation plan allows for tax-advantaged savings for non-employee directors.

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 per the Deferred Compensation Plan.

Industry Context

This type of deferred compensation is common for non-employee directors at large public companies like Honeywell, aligning their interests with long-term shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a standard practice for non-employee directors at large public companies.
• Companies like General Electric, Boeing, and 3M also utilize similar deferred compensation plans for their directors.
• The specific terms of these plans can vary, but the general structure of accruing phantom shares based on company stock performance is common.

Stakeholder Impact

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

Key Dates

Keywords

Honeywell, Director, Deborah Flint, Phantom Shares, Deferred Compensation, SEC Form 4, Non-Employee Director, Equity Compensation