Form 4: Honeywell Director Robin Watson Acquires Phantom Shares Through Deferred Compensation Plan

Honeywell International Inc. director Robin Watson acquired 266.0503 phantom shares through the company's deferred compensation plan.

Summary

• Director Robin Watson acquired 266.0503 phantom shares of Honeywell International Inc. on January 2, 2025.
• These phantom shares were acquired through the company's Deferred Compensation Plan for Non-Employee Directors.
• The phantom shares are based on the price of common stock on the contribution date.
• The price per share was $225.52, calculated as the mean of the highest and lowest sales price on the last trading day before the contribution.
• The phantom shares will be settled in cash based on the price of common stock at settlement, as elected by the reporting person.
• Following this transaction, Robin Watson beneficially owns 961.7491 phantom shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative. It is a normal part of corporate governance.

Positives

• The acquisition of phantom shares indicates continued participation in the company's deferred compensation plan by a director.
• The deferred compensation plan allows for cash settlement, providing flexibility for the director.

Future Outlook

The phantom shares will be settled in cash at a future date based on the price of common stock at settlement, as elected by the reporting person.

Industry Context

This is a standard transaction for a director participating in a deferred compensation plan, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common method of compensation for non-employee directors in large public companies like Honeywell.
• The use of phantom shares, which are settled in cash, is a typical approach in these plans.
• Other companies such as General Electric and Boeing also use similar deferred compensation plans for their directors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is part of a pre-existing compensation plan.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

phantom shares, deferred compensation, director, Honeywell, insider trading, Form 4, equity compensation