Honeywell (HON) grants CFO stock options and RSUs tied to HONA spin-off
Rhea-AI Filing Summary
Honeywell International Inc. reported that SrVP & Chief Financial Officer Michal Stepniak received new equity awards in the form of employee stock options and restricted stock units linked to Honeywell common stock.
The awards include two employee stock option grants covering 17,901 and 17,902 shares of common stock, each with a conversion (exercise) price of $200.6100 per share and an expiration date of June 29, 2035. He also received two restricted stock unit grants covering 2,493 and 2,494 shares of common stock.
According to the footnotes, these awards were granted under Honeywell’s 2016 Stock Incentive Plan and are tied to the successful completion of the spin-off of Honeywell Aerospace Inc. (HONA) from Honeywell on June 29, 2026, with certain units and options vesting immediately upon that spin-off and others scheduled to vest on June 29, 2027. The awards were adjusted to reflect both the spin-off and Honeywell’s reverse stock split.
Positive
- None.
Negative
- None.
Insights
CFO receives option and RSU grants tied to HONA spin-off.
SrVP & CFO Michal Stepniak was granted stock options and restricted stock units under Honeywell’s 2016 Stock Incentive Plan. The options cover blocks of 17,901 and 17,902 shares at an exercise price of $200.6100 per share, expiring in 2035.
The filing describes these as awards contingent on the successful completion of the Honeywell Aerospace Inc. (HONA) spin-off on June 29, 2026. Some performance share and option awards vested at that date, while others, including PSUs and options, vest on June 29, 2027, after adjustments for the spin-off and a reverse stock split.
These are compensation-related equity grants rather than open-market purchases or sales, and they do not by themselves signal a change in the insider’s view of the stock. Their economic significance for investors depends on future performance and vesting outcomes as disclosed in subsequent company filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,494 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,493 | $0.00 | -- |
| Grant/Award | Employee Stock Options (right to buy) | 17,902 | $0.00 | -- |
| Grant/Award | Employee Stock Options (right to buy) | 17,901 | $0.00 | -- |
Footnotes (1)
- Instrument converts to common stock, par value $1.00 per share ('Common Stock'), of Honeywell International Inc. ('Honeywell') on a one-for-one basis. Performance share units ('PSUs') granted under the 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (the 'Plan'), which vested upon the successful completion of the spin-off of Honeywell Aerospace Inc. ('HONA') from Honeywell on June 29, 2026 and were adjusted to reflect the spin-off and further adjusted to reflect the reverse stock split of Honeywell. PSUs granted under the Plan, with vesting on June 29, 2027 (i.e., the first anniversary of the successful completion of the spin-off of HONA from Honeywell on June 29, 2026), which were adjusted to reflect the spin-off and further adjusted to reflect the reverse stock split of Honeywell. Employee stock options granted under the Plan subject to successful completion of the spin-off to HONA from Honeywell on June 29, 2026, which are fully vested and were adjusted to reflect the spin-off and further adjusted to reflect the reverse stock split of Honeywell. Employee stock options granted under the Plan subject to successful completion of the spin-off of HONA from Honeywell on June 29, 2026, which will vest on June 29, 2027 and were adjusted to reflect the spin-off and further adjusted to reflect the reverse stock split of Honeywell.