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

Sentiment:

Insider Transaction Report


Honeywell International Inc. Director Duncan Angove has acquired 146.5896 additional phantom shares through the company's Deferred Compensation Plan for Non-Employee Directors, increasing his beneficial ownership to 8,012.1937 shares.

Summary

  • Duncan Angove, a Director of Honeywell International Inc., acquired 146.5896 units of Deferred Compensation (Phantom Shares) on July 1, 2025.
  • The acquisition was made at a price of $238.77 per phantom share.
  • Following this transaction, Duncan Angove's total beneficial ownership of Deferred Compensation (Phantom Shares) is 8,012.1937 units.
  • Phantom shares are allocated based on the Common Stock price on the contribution date, calculated as the mean of the highest and lowest sales price on the last trading day before the contribution or settlement.
  • These phantom shares are accrued under the Deferred Compensation Plan for Non-Employee Directors and will be settled in cash based on the Reporting Person's elections as permitted under the Plan.
  • A confirming statement dated June 5, 2026, authorizes Jay Shah and Richard Kent to execute and file Forms 3, 4, and 5 on behalf of Duncan Angove for his ownership and transactions in Honeywell International Inc. securities.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider transaction related to deferred compensation, which is a neutral event in terms of company performance or outlook. It does not convey positive or negative sentiment about the company's operations or financial health.

Future Outlook

The document does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports an insider transaction related to deferred compensation.

Industry Context

This Form 4 filing details a routine insider transaction related to a director's deferred compensation plan. Such transactions are common mechanisms for compensating non-employee directors and do not typically reflect broader industry trends or competitive positioning, but rather internal compensation structures.

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Authorization of Filing AgentDuncan Angove has authorized Jay Shah and Richard Kent to execute and file Forms 3, 4, and 5 on his behalf with the SEC regarding his ownership and transactions in Honeywell International Inc. securities. This authorization continues until he is no longer required to file, unless revoked earlier.June 5, 2026This streamlines the process for the director to comply with Section 16 filing requirements by designating authorized agents, without transferring the ultimate responsibility for compliance from the director.

Stakeholder Impact

  • Shareholders: The transaction represents a routine compensation event for a director and does not directly impact shareholder value or company operations. It provides transparency into director compensation arrangements.

Key Dates

DateDescription
07/01/2025Date of transaction for the acquisition of Deferred Compensation (Phantom Shares).
07/02/2025Date the Form 4 was signed by Jay Shah on behalf of Duncan Angove.
06/05/2026Date of the Confirming Statement authorizing Jay Shah and Richard Kent to file SEC forms on behalf of Duncan Angove.

Keywords

Honeywell International Inc., Duncan Angove, Form 4, SEC filing, insider transaction, deferred compensation, phantom shares, director compensation, equity compensation, HONY

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