Honeywell CFO settles 2,575 RSUs, withholds shares for tax
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Form Type
4
Rhea-AI Filing Summary
Honeywell International SrVP & Chief Financial Officer Michal Stepniak settled 2,575 restricted stock units into an equal number of common shares on July 16, 2026, including dividend equivalents of 81 additional units, after vesting tied to the June 29, 2026 spin-off of Honeywell Aerospace Inc. The derivative units were fully converted and cancelled, and the instrument converts to common stock of Honeywell Technologies on a one-for-one basis. To satisfy tax obligations, 1,124 common shares were disposed of at $239.5800 per share, and 347.6037 shares are reported as held indirectly in a 401(k) plan.
Insider Trade Summary
2,575 shares exercised/converted
Exercise
4 txns
Insider
Stepniak Michal
Role
SrVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F2 | 2,575 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3 | 2,575 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 1,124 | $239.58 | $269K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 2,364 shares (Direct);
Common Stock — 347.6037 shares (Indirect, Held in 401(k) plan)
Footnotes (3)
- F1. Reflects settlement of restricted share units granted under the 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates that vested upon the successful completion of the spin-off of Honeywell Aerospace Inc. from Honeywell International Inc. ("Honeywell Technologies") on June 29, 2026 and were adjusted to reflect the spin-off and further adjusted to reflect the reverse stock split of Honeywell Technologies.
- F2. Includes the reinvestment of dividend equivalents into 81 additional restricted stock units.
- F3. Instrument converts to common stock of Honeywell Technologies on a one-for-one basis.
Key Figures
RSUs converted: 2,575 units
Common shares acquired: 2,575 shares
Shares withheld for taxes: 1,124 shares
+3 more
6 metrics
RSUs converted
2,575 units
Restricted stock units settled into common stock on July 16, 2026
Common shares acquired
2,575 shares
Shares received upon exercise or conversion of restricted stock units
Shares withheld for taxes
1,124 shares
Common stock disposed of in a tax-withholding transaction (code F)
Tax withholding price
US$239.5800 per share
Per-share value for 1,124 shares delivered to satisfy tax liability
401(k) holdings
347.6037 shares
Indirectly held in a 401(k) plan after the reported transactions
Dividend equivalent RSUs
81 units
Additional restricted stock units from reinvested dividend equivalents
Key Terms
Restricted Stock Units, tax-withholding disposition, dividend equivalents, reverse stock split, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" in the derivative transaction row"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the code F common stock entry"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
dividend equivalents financial
"Footnote states: "Includes the reinvestment of dividend equivalents into 81 additional restricted stock units.""
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
reverse stock split financial
"Footnote notes units were "further adjusted to reflect the reverse stock split of Honeywell Technologies.""
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
2016 Stock Incentive Plan financial
"Footnote references the "2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates"."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Honeywell (HON) CFO Michal Stepniak report in this Form 4?
Michal Stepniak reported settling 2,575 restricted stock units into an equal number of common shares. The filing also shows a tax-related disposition of 1,124 shares and indirect holdings of 347.6037 shares in a 401(k) plan.
How many Honeywell (HON) RSUs did the CFO convert to common stock?
The CFO converted 2,575 restricted stock units into 2,575 common shares. These units vested upon completion of the June 29, 2026 spin-off and include 81 additional units from reinvested dividend equivalents.
What triggered vesting of the Honeywell (HON) restricted stock units reported?
The restricted stock units vested upon the successful completion of the spin-off of Honeywell Aerospace Inc. from Honeywell International Inc. on June 29, 2026. The award amount was adjusted for the spin-off and a reverse stock split.
Are the Honeywell (HON) CFO’s reported transactions under a Rule 10b5-1 plan?
The document-level checkbox indicates the transactions were not made under a Rule 10b5-1 trading plan. No footnote in the filing states that any pre-arranged trading arrangement governed the reported equity conversions or tax-withholding disposition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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