Form 4: Honeywell Director Deborah Flint Reports Acquisition of Phantom Shares

Director Deborah Flint reported acquiring phantom shares of Honeywell International Inc. through a deferred compensation plan.

Summary

• On April 1, 2024, Deborah Flint, a director of Honeywell International Inc., acquired 86.635 phantom shares through the Deferred Compensation Plan for Non-Employee Directors.
• These phantom shares are convertible to common stock on a one-for-one basis and will be settled in cash based on elections made by Flint under the plan.
• Following the reported transaction, Flint directly owns 3,963.2921 shares.
• The price of the derivative security was $202.01.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (acquisition of phantom shares) by a company director, indicating standard compensation practices. The sentiment is neutral to slightly positive as it reflects ongoing commitment.

Positives

• The acquisition of phantom shares through a deferred compensation plan is a common practice for non-employee directors.
• Deferred compensation plans can be tax-efficient for directors.

Future Outlook

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

Industry Context

Reporting of beneficial ownership changes by company insiders is a standard practice governed by SEC regulations, ensuring transparency in the market.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders as it involves deferred compensation for a director.

Key Dates