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

Director Rose Lee reports acquisition of phantom shares in Honeywell International Inc. under the Deferred Compensation Plan for Non-Employee Directors.

Summary

• Rose Lee, a director at Honeywell International Inc., reported the acquisition of deferred compensation (phantom shares) on July 1, 2024.
• The transaction involved the acquisition of 154.064 phantom shares.
• These phantom shares are accrued under the Deferred Compensation Plan for Non-Employee Directors and will be settled in cash.
• The price of the common stock at the time of allocation was $210.95.
• Following the reported transaction, Rose Lee beneficially owns 1,901.5071 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. The acquisition of phantom shares is part of a pre-existing compensation plan, suggesting stability and alignment of interests.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies, including companies like General Electric, 3M, and Boeing.
• The structure of Honeywell's plan, involving phantom shares settled in cash, is similar to those offered by other large corporations to attract and retain qualified board members.
• The specific number of shares and the value of the deferred compensation are company-specific and depend on factors such as company size, performance, and director compensation policies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding director compensation and ownership.

Key Dates