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

Honeywell International Inc. director Kevin Burke acquired 266.0503 phantom shares through the company's deferred compensation plan on January 2, 2025.

Summary

• Kevin Burke, a director at Honeywell International Inc., acquired 266.0503 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 common stock at the time of settlement, as elected by Mr. Burke under the plan.
• Following this transaction, Mr. Burke beneficially owns 12,361.5424 phantom shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative. It is a standard practice and does not indicate any significant change in the company's outlook.

Positives

• The acquisition of phantom shares indicates continued participation by a director in the company's compensation plan.
• The deferred compensation plan allows for alignment of director interests with the long-term performance of the company.

Future Outlook

The phantom shares will be settled in cash at a future date based on the price of Honeywell's common stock at the time of settlement, as elected by Mr. Burke.

Industry Context

This type of transaction is common for directors of publicly traded companies, as deferred compensation plans are often used to align the interests of directors with the long-term performance of the company.

Comparison to Industry Standards

• Deferred compensation plans are a standard practice for non-employee directors in many large publicly traded companies, including those in the industrial sector like Honeywell.
• Companies such as General Electric and 3M also utilize similar deferred compensation plans for their directors, often involving phantom stock or stock options.
• The specific terms of these plans, such as vesting schedules and settlement methods, can vary, but the underlying principle of aligning director compensation with company performance remains consistent.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the long-term performance of the company.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Deferred Compensation, Phantom Shares, Director, Honeywell, Stock, Compensation, Equity