Form 4: Honeywell Director Marc Steinberg Acquires Phantom Shares

Honeywell International Inc. Director Marc Steinberg acquired 306.3081 phantom shares through a deferred compensation plan, increasing his beneficial ownership to 473.6517 phantom shares.

Summary

• Marc Steinberg, a Director of Honeywell International Inc. (HON), acquired 306.3081 Deferred Compensation (Phantom Shares) on January 2, 2026.
• The acquisition was made at a price of $195.88 per phantom share, based on the common stock price.
• Following this transaction, Marc Steinberg beneficially owns a total of 473.6517 Deferred Compensation (Phantom Shares).
• Phantom shares are accrued under the Deferred Compensation Plan for Non-Employee Directors and are settled in cash based on the reporting person's elections.
• The common stock prices for phantom share allocation are based on the mean of the highest and lowest sales price on the last trading day before the contribution or settlement.

Sentiment

Score: 6

Explanation: The filing reports a routine insider acquisition of phantom shares through a deferred compensation plan. This is generally a neutral event but can be seen as a minor positive for director alignment with shareholder interests.

Positives

• A director's acquisition of additional phantom shares, even through a compensation plan, can be viewed as a positive sign of continued alignment of management interests with those of shareholders.

Future Outlook

This Form 4 filing reports a past transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Marc Steinberg authorized and designated Jay Shah and Richard Kent to execute and file all Forms 3, 4, and 5 on his behalf, confirming their authority will continue until he is no longer required to file such forms, unless earlier revoked in writing.

Industry Context

Insider transaction reports like Form 4 are routine disclosures required by the SEC for company insiders. This specific transaction reflects a director's participation in a standard deferred compensation plan, which is common practice across various industries for non-employee directors.

Corporate Governance

Related Party Transactions

• The acquisition of Deferred Compensation (Phantom Shares) by Marc Steinberg is part of the company's Deferred Compensation Plan for Non-Employee Directors, which is a standard compensation arrangement between the company and its director.

Stakeholder Impact

• Shareholders: The acquisition of phantom shares by a director, even through a compensation plan, can be viewed as a minor positive, indicating continued alignment of the director's financial interests with the long-term performance of the company's stock.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom shares by a director through a deferred compensation plan. Such transactions are common and generally do not indicate a significant shift in the company's fundamentals or outlook, thus a 'hold' recommendation is appropriate as it does not present new information warranting a change in investment thesis.

Keywords

Honeywell International Inc., HON, Marc Steinberg, Form 4, SEC filing, insider transaction, director compensation, phantom shares, deferred compensation, equity acquisition