Honeywell International Inc. (HON) director reports new deferred phantom shares
Rhea-AI Filing Summary
Honeywell International Inc. director Kevin Burke reported an acquisition of deferred compensation phantom share units tied to Honeywell common stock. On January 2, 2026, he acquired 306.3081 Deferred Compensation (Phantom Shares) at a reference price of $195.88 per unit. After this transaction, he holds a total of 13,711.9605 phantom share units on a direct basis.
The phantom shares are credited under Honeywell’s Deferred Compensation Plan for Non-Employee Directors. According to the plan terms, the number of phantom shares is determined by dividing the dollar amount of the contribution by the applicable Honeywell common stock price, based on the mean of the highest and lowest sales price on the last trading day before the contribution or settlement. These phantom shares do not represent actual stock; they are settled in cash in the future based on Honeywell’s common stock price and Burke’s elections under the plan.
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FAQ
What insider transaction did Kevin Burke report for Honeywell (HON)?
Kevin Burke, a director of Honeywell International Inc., reported acquiring 306.3081 Deferred Compensation (Phantom Shares) on January 2, 2026. These units are part of his non-employee director deferred compensation.
How many deferred compensation phantom shares does Kevin Burke hold after this Form 4?
Following the reported transaction, Kevin Burke beneficially holds 13,711.9605 Deferred Compensation (Phantom Shares) on a direct basis under Honeywell’s non-employee director deferred compensation plan.
What are Honeywell deferred compensation phantom shares for non-employee directors?
Honeywell’s Deferred Compensation (Phantom Shares) are bookkeeping units credited to non-employee directors. The number of units is determined by dividing the cash contribution amount by the Honeywell common stock price, calculated as the mean of the highest and lowest sales price on the last trading day before contribution or settlement.
Do Honeywell phantom shares reported in this Form 4 convert into actual stock?
No. The filing states that phantom shares are settled in cash based on the price of Honeywell common stock at the time of settlement, in accordance with elections made by the reporting person under the Deferred Compensation Plan for Non-Employee Directors.
What price was used to allocate Kevin Burke’s new Honeywell phantom shares?
The 306.3081 phantom shares reported were allocated using a reference price of $195.88 per unit, consistent with the plan methodology that uses the mean of the highest and lowest Honeywell common stock sales price on the last trading day before the contribution.
Is Kevin Burke’s ownership of these Honeywell phantom shares direct or indirect?
The Form 4 indicates that Kevin Burke’s 13,711.9605 Deferred Compensation (Phantom Shares) are held with direct (D) beneficial ownership, rather than through an indirect entity.