Form 4: Honeywell Director Rose Lee Reports Acquisition of Phantom Shares

Director Rose Lee reports acquisition of phantom shares under Honeywell's Deferred Compensation Plan for Non-Employee Directors.

Summary

• Rose Lee, a director of Honeywell International Inc., reported the acquisition of deferred compensation (phantom shares) on October 1, 2024.
• The transaction involved the acquisition of 157.7078 phantom shares at a price of $206.07 per share.
• Following the reported transaction, Lee directly owns 2,069.5607 phantom shares.
• These 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.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom shares indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The phantom shares will be settled in cash based on elections by the Reporting Person as permitted under the Plan.

Industry Context

Directors often receive deferred compensation in the form of phantom shares as part of their overall compensation package, aligning their interests with the long-term performance of the company. This is a common practice among publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among large publicly traded companies like Honeywell.
• Companies such as General Electric, Boeing, and 3M also utilize similar deferred compensation plans to attract and retain qualified board members.
• The specific terms of these plans, such as the vesting schedule and settlement options, can vary significantly between companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value through deferred compensation.

Key Dates