Form 4: Honeywell Director Robin L. Washington Reports Acquisition of Phantom Shares

Director Robin L. Washington reports acquisition of Honeywell International Inc. phantom shares through a deferred compensation plan.

Summary

• On July 1, 2024, Robin L. Washington, a director of Honeywell International Inc., reported the acquisition of deferred compensation (phantom shares) equivalent to 159.992 shares of common stock.
• These phantom shares were acquired under the Deferred Compensation Plan for Non-Employee Directors.
• The price per share used for allocation was $210.95.
• Following the transaction, Washington directly owns 12,470.1144 shares of Honeywell common stock.
• The phantom shares will be settled in cash based on the price of Honeywell common stock at the time of settlement, according to elections made by Washington under the plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to executive compensation, indicating continued alignment of the director's interests with the company's performance.

Positives

• The acquisition of phantom shares reflects continued participation in Honeywell's Deferred Compensation Plan for Non-Employee Directors.

Future Outlook

The phantom shares will be settled in cash based on the price of Honeywell common stock at settlement, according to elections made by Washington under the plan.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for directors of publicly traded companies. It reflects participation in deferred compensation plans, which are common tools for aligning executive interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among large, publicly traded companies like Honeywell, such as General Electric, Boeing, and United Technologies, to attract and retain top talent.
• These plans often allow directors to defer a portion of their compensation, which is then converted into phantom shares or other equity-linked instruments.
• The specific terms of these plans, such as the vesting schedule and settlement options, can vary widely across companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the ongoing compensation arrangements for non-employee directors, which are designed to align their interests with those of shareholders.

Key Dates