Form 4: Honeywell Executive James E. Currier Reports Stock Option and Restricted Stock Unit Grants

James E. Currier, Pres & CEO of AERO Technologies at Honeywell International Inc., reports the acquisition of stock options and restricted stock units.

Summary

• On February 19, 2025, James E. Currier, a Honeywell executive, reported the acquisition of 22,800 employee stock options with an exercise price of $209.81.
• These options, granted under the 2016 Stock Incentive Plan, vest in four equal annual installments starting February 19, 2026.
• Currier also acquired 4,700 restricted stock units (RSUs) that convert to common stock on a one-for-one basis.
• These RSUs, also granted under the 2016 Stock Incentive Plan, vest in three installments: 33% on February 19, 2027, 33% on February 19, 2028, and 34% on February 19, 2029.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices, which are generally viewed favorably as they align management and shareholder interests.

Positives

• The grant of stock options and RSUs aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.

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 within publicly traded companies like Honeywell to incentivize performance and align management interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages, including stock options and RSUs, are standard practice among large, publicly traded companies like Honeywell.
• Companies such as General Electric, Boeing, and Raytheon Technologies also utilize similar equity-based compensation plans to incentivize their executives.
• The vesting schedules and grant sizes are generally determined based on industry benchmarks, company performance, and individual contributions.

Stakeholder Impact

• The grants could positively impact shareholders by incentivizing the executive to improve company performance.
• Employees may view the grants as a positive sign of the company's commitment to its leadership.

Key Dates