Form 4: Resideo Technologies Director Andrew Teich Acquires Shares in Lieu of Cash Retainer

Director Andrew Teich acquired 6,756 shares of Resideo Technologies common stock at $23.032 per share in lieu of annual cash retainer fees.

Summary

• On January 2, 2025, Andrew C. Teich, a director of Resideo Technologies, Inc., acquired 6,756 shares of common stock.
• The shares were acquired at a price of $23.032 per share.
• This acquisition was made in lieu of annual cash retainer fees under the 2018 Stock Plan for Non-Employee Directors.
• Following the transaction, Teich directly owns 221,614 shares of Resideo Technologies, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares, even as part of a compensation plan, can be seen as a positive sign of confidence in the company's future.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of stock in lieu of cash retainer fees conserves company cash.

Industry Context

This filing reflects standard practice for director compensation, where stock grants are used to align director interests with shareholder value. It is common for companies to use stock plans to compensate non-employee directors.

Comparison to Industry Standards

• Stock compensation for board members is a common practice across the industry.
• Companies like Honeywell and Johnson Controls also use stock grants as part of their director compensation packages.
• The amount of stock granted is generally in line with industry averages for companies of similar size and market capitalization.

Key Dates