Form 4: Honeywell Director Rose Lee Acquires Phantom Shares Through Deferred Compensation Plan
SEC Form 4 Filing
Honeywell International Inc. director Rose Lee acquired 410.1595 phantom shares through the company's deferred compensation plan on January 2, 2025.
Summary
- Director Rose Lee acquired 410.1595 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 settled in cash based on the price of Honeywell's common stock at the time of settlement.
- The price per share used for the allocation was $225.52.
- Following this transaction, Ms. Lee directly owns 2,489.9329 phantom shares.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. It indicates continued participation in the company's compensation plan.
Positives
- The acquisition of phantom shares indicates continued participation in the company's deferred compensation plan by a director.
- The deferred compensation plan aligns director compensation with the company's stock performance.
Future Outlook
The phantom shares will be settled in cash based on the price of Honeywell's common stock at the time of settlement, as per the Deferred Compensation Plan.
Industry Context
This transaction is a routine part of director compensation practices, where deferred compensation plans are used to align director interests with shareholder value.
Comparison to Industry Standards
- Deferred compensation plans are a common practice for non-employee directors at large public companies like Honeywell.
- Companies such as General Electric and 3M also utilize similar deferred compensation plans for their directors.
- The use of phantom shares, which are settled in cash, is a standard approach to defer compensation and align with stock performance.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director compensation with the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the transaction where Rose Lee acquired phantom shares. |
| 01/06/2025 | Date the Form 4 was signed. |
Keywords
Honeywell, Director, Phantom Shares, Deferred Compensation, Form 4, SEC Filing, Rose Lee
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