Form 4: Honeywell Director Michael Lamach Reports Acquisition of Phantom Shares
SEC Form 4 Filing
Director Michael Lamach reports acquiring phantom shares of Honeywell International Inc. through a deferred compensation plan.
Summary
- Michael W. Lamach, a director of Honeywell International Inc., filed a Form 4 disclosing changes in beneficial ownership.
- The report indicates that Lamach acquired 266.0503 phantom shares on January 2, 2025, through a deferred compensation plan.
- These phantom shares are based on the price of Honeywell's common stock on the contribution date and will be settled in cash based on the stock price at settlement.
- Following the reported transaction, Lamach beneficially owns 585.5259 phantom shares directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither positive nor negative in itself.
Future Outlook
The phantom shares will be settled in cash based on elections by the Reporting Person as permitted under the Plan.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction (acquisition of phantom shares). |
| 01/06/2025 | Date of signature for the Form 4 filing. |
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