Form 4: Honeywell Director Robin L. Washington Reports Stock Transactions
SEC Form 4 Filing
Director Robin L. Washington of Honeywell International Inc. reported the acquisition and settlement of deferred compensation phantom shares on January 2, 2025.
Summary
- Robin L. Washington, a director at Honeywell International Inc., filed a Form 4 detailing changes in beneficial ownership.
- On January 2, 2025, Washington acquired 90.9178 phantom shares of Honeywell common stock as part of a deferred compensation plan.
- These phantom shares were acquired at a price of $225.52 per share.
- On the same day, 324.7865 phantom shares were settled in cash at $225.52 per share.
- The settlement was based on elections made by Washington in December 2021.
- Following these transactions, Washington directly owns 12,855.3434 phantom shares.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation, which is neither particularly positive nor negative. The settlement price is a positive sign, but overall the document is neutral.
Positives
- The acquisition of phantom shares indicates continued participation in the company's deferred compensation plan.
- The settlement of shares at $225.52 per share suggests a positive valuation of the stock at the time of settlement.
Industry Context
This filing is a routine disclosure of stock transactions by a company director, which is common practice for publicly traded companies like Honeywell.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders in publicly traded companies, such as Honeywell, and are required by the SEC.
- The use of deferred compensation plans and phantom shares is a common method of executive compensation across various industries, including companies like General Electric and Boeing.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 2021-12 | Elections made by the Reporting Person for settlement of phantom shares. |
| 2025-01-02 | Date of acquisition and settlement of phantom shares. |
| 2025-01-06 | Date of filing of the Form 4. |
Keywords
Form 4, Honeywell, Director, Robin L. Washington, Deferred Compensation, Phantom Shares, Stock Transaction, Beneficial Ownership
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