Form 4: Honeywell Executive Billal Hammoud Reports Stock Transactions
SEC Form 4 Filing
Billal Hammoud, President & CEO of BA at Honeywell International Inc., reports transactions involving common stock and restricted stock units.
Summary
- On July 28, 2024, Billal Hammoud, President & CEO of BA at Honeywell International Inc., reported transactions involving the company's stock.
- These transactions included the conversion of 614 restricted stock units into common stock, the disposition of 242 shares to cover tax obligations at a price of $203.02 per share, and the holding of shares in a 401(k) plan.
- Following these transactions, Hammoud directly owns 1,949 shares of common stock and indirectly owns shares held in a 401(k) plan.
- He also directly owns 1,196 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive stock transactions, and does not inherently indicate positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest over the next two years, potentially leading to further conversions to common stock.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 07/28/2024 | Date of earliest transaction: conversion of restricted stock units, disposition of shares for tax obligations. |
| 07/28/2024 | First vesting date (33%) for restricted stock units granted under the 2016 Stock Incentive Plan. |
| 07/28/2025 | Second vesting date (33%) for restricted stock units granted under the 2016 Stock Incentive Plan. |
| 07/28/2026 | Final vesting date (34%) for restricted stock units granted under the 2016 Stock Incentive Plan. |
| 07/30/2024 | Date of Form 4 filing. |
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