Form 4: Honeywell Executive Anne T. Madden Reports Stock Option Exercise and Sale

Anne T. Madden, SrVP and General Counsel of Honeywell International Inc., reports exercising stock options and selling shares on February 10, 2025.

Summary

• On February 10, 2025, Anne T. Madden, SrVP and General Counsel of Honeywell, exercised employee stock options to acquire 28,885 shares of Honeywell common stock at an exercise price of $98.70.
• Simultaneously, Madden sold 28,885 shares of common stock at a weighted average price of $207.89, with prices ranging from $207.57 to $208.09.
• Following these transactions, Madden directly owns 41,580 shares and indirectly owns 928.6076 shares held in a 401(k).
• The stock options were granted under the 2011 Stock Incentive Plan and vested in four equal annual installments, starting on February 25, 2017.
• The option exercise price and number of shares have been adjusted due to the spin-offs of AdvanSix Inc., Garrett Motion Inc., and Resideo Technologies, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It simply reports facts.

Positives

• The exercise of stock options and subsequent sale indicates Madden's belief in the company's value, at least at the time the options were granted.
• The sale at a price significantly higher than the exercise price ($207.89 vs. $98.70) resulted in a substantial profit for Madden.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects. Form 4 filings are a standard part of regulatory compliance.

Comparison to Industry Standards

• Executive compensation packages, including stock options, are standard practice among large, publicly traded companies like Honeywell.
• The vesting schedule of the options (four equal annual installments) is a typical arrangement.
• Adjustments to option terms following spin-offs are also common to maintain the intended value for the executive.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• It provides transparency into executive compensation and stock ownership.

Key Dates