Form 4: Honeywell Director Reports Phantom Stock Transaction

Honeywell International Inc. director Duncan Angove reported a transaction involving deferred compensation phantom shares on July 1, 2026.

Summary

• Duncan Angove, a Director at Honeywell International Inc. (HON), has filed a Form 4 detailing a transaction related to deferred compensation phantom shares.
• The transaction, dated July 1, 2026, involved the accrual of 336.5822 phantom shares.
• These phantom shares are part of the Deferred Compensation Plan for Non-Employee Directors and are settled in cash.
• The value of the phantom shares is based on the price of Honeywell's common stock on the contribution date, which was $221.75 per share.
• Angove's total beneficial ownership of common stock following this transaction is 9,790.338 shares, held directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation disclosure rather than a performance indicator.

Positives

• Director participation in deferred compensation plans indicates alignment with long-term company performance.
• The transaction reflects continued investment and commitment from a key insider.

Negatives

• The filing is a routine disclosure of insider compensation and does not reflect operational performance.

Risks

• The value of phantom shares is subject to fluctuations in Honeywell's common stock price, posing market risk to the reporting person.
• The settlement of phantom shares in cash means the reporting person will realize gains or losses based on future stock prices.

Future Outlook

Phantom shares are accrued under the Deferred Compensation Plan for Non-Employee Directors and will be settled in cash based on elections by the Reporting Person as permitted under the Plan. The settlement value will be based on the price of Common Stock at settlement.

Management Comments

• Richard Kent for Duncan Angove

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving deferred compensation, are common for directors in large industrial conglomerates like Honeywell. These plans are designed to align executive and director interests with shareholder value over the long term.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock awards, are a standard component of executive and director compensation packages across the aerospace, defense, and industrial sectors.
• Companies like General Electric (GE), 3M (MMM), and Raytheon Technologies (RTX) also utilize similar long-term incentive plans to retain and motivate key personnel.

Stakeholder Impact

• Shareholders: The transaction reflects standard compensation practices and does not directly impact share price, but indicates director commitment.
• Employees: No direct impact.
• Creditors: No direct impact.
• Suppliers: No direct impact.
• Customers: No direct impact.

Next Steps

• Phantom shares will be settled in cash based on future elections by the Reporting Person and the stock price at settlement.

Key Dates

Keywords

Honeywell International Inc., HON, Form 4, Insider Transaction, Deferred Compensation, Phantom Shares, Director, Beneficial Ownership, SEC Filing