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

Director Rose Lee reports acquisition of phantom shares convertible to common stock in Honeywell International Inc.

Summary

• Rose Lee, a director of Honeywell International Inc., reported a transaction on April 1, 2024.
• Lee acquired 160.888 phantom shares under the Deferred Compensation Plan for Non-Employee Directors.
• These phantom shares are convertible to common stock on a one-for-one basis and will be settled in cash.
• The price of the transaction was $202.01 per share.
• Following the reported transaction, Lee beneficially owns 1,738.3565 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. It doesn't inherently indicate positive or negative performance.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The acquisition of phantom shares under the Deferred Compensation Plan for Non-Employee Directors constitutes a related party transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates