Form 4: Honeywell Executive Anne T. Madden Reports Stock Option and Restricted Stock Unit Grants

Anne T. Madden, SrVP and General Counsel of Honeywell, reports the acquisition of stock options and restricted stock units.

Summary

• Anne T. Madden, a Senior Vice President and General Counsel at Honeywell International Inc., filed a Form 4 on February 21, 2025.
• The filing reports the grant of employee stock options and restricted stock units on February 19, 2025.
• Madden acquired 11,400 employee stock options with an exercise price of $209.81, vesting in four equal annual installments starting February 19, 2026, and expiring on February 18, 2035.
• She also acquired 2,300 restricted stock units, which convert to common stock on a one-for-one basis and vest in three installments: 33% on February 19, 2027, 33% on February 19, 2028, and 34% on February 19, 2029.
• Following these transactions, Madden directly owns 11,400 derivative securities from the employee stock options and 2,300 derivative securities from the restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices, aligning management interests with shareholders through equity grants.

Positives

• The grant of stock options and restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedules encourage long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the granted securities.

Industry Context

Stock option and RSU grants are a common practice in executive compensation packages to incentivize performance and retain key personnel in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages, including stock options and restricted stock units, are common across large, publicly traded companies like Honeywell.
• Companies such as General Electric, Raytheon Technologies, and Boeing also utilize similar equity-based compensation to align executive interests with shareholder value.
• The vesting schedules and grant sizes are generally benchmarked against industry peers to ensure competitiveness and retention.

Stakeholder Impact

• The grant of stock options and restricted stock units can positively impact shareholders by aligning executive interests with long-term company performance.
• Employees may view the equity grants as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Form 4, Honeywell, Stock Options, Restricted Stock Units, Insider Trading, Executive Compensation