Honeywell (HON) director D. Scott Davis receives 576 Restricted Stock Units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HONEYWELL INTERNATIONAL INC director D. Scott Davis received a grant of 576 Restricted Stock Units. These RSUs were awarded at no cash cost and each unit converts into one share of Honeywell common stock.
The grant was made under Honeywell’s 2016 Stock Plan for Non-Employee Directors and is scheduled to vest on April 15, 2027. After this award, Davis is reported as holding 576 Restricted Stock Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAVIS D SCOTT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 576 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 576 shares (Direct, null)
Footnotes (1)
- Instrument converts to common stock on a one-for-one basis. The Restricted Stock Units were granted under the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. and vest on April 15, 2027.
Key Figures
RSUs granted: 576 units
Conversion ratio: 1 RSU : 1 share
Grant price: $0.00 per unit
+2 more
5 metrics
RSUs granted
576 units
Restricted Stock Units awarded to D. Scott Davis
Conversion ratio
1 RSU : 1 share
Each RSU converts into one share of common stock
Grant price
$0.00 per unit
Equity compensation, no cash paid for RSUs
Vesting date
April 15, 2027
Scheduled vesting for RSU award
RSUs held after grant
576 units
Total Restricted Stock Units following this transaction
Key Terms
Restricted Stock Units, 2016 Stock Plan for Non-Employee Directors, vest, one-for-one basis
4 terms
Restricted Stock Units financial
"The Restricted Stock Units were granted under the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc."
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.
2016 Stock Plan for Non-Employee Directors financial
"The Restricted Stock Units were granted under the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc."
vest financial
"The Restricted Stock Units were granted under the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. and vest on April 15, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
one-for-one basis financial
"Instrument converts to common stock on a one-for-one basis."
FAQ
What did HON director D. Scott Davis report in this Form 4?
D. Scott Davis reported receiving 576 Restricted Stock Units in Honeywell. These units represent a stock-based compensation award that can convert into an equal number of Honeywell common shares, adding to his equity-linked interest in the company over time.
How many Honeywell (HON) Restricted Stock Units were granted to D. Scott Davis?
D. Scott Davis was granted 576 Restricted Stock Units in this filing. Each unit represents the right to receive one share of Honeywell common stock, subject to vesting conditions set out in the company’s 2016 Stock Plan for Non-Employee Directors.
When do D. Scott Davis’s newly granted HON Restricted Stock Units vest?
The 576 Restricted Stock Units granted to D. Scott Davis vest on April 15, 2027. Vesting means the units become earned at that date, allowing them to convert into Honeywell common shares according to the plan’s terms and any applicable holding requirements.
What is the conversion ratio for D. Scott Davis’s Honeywell Restricted Stock Units?
The Restricted Stock Units convert into Honeywell common stock on a one-for-one basis. This means each of the 576 units can become one share of common stock upon vesting, aligning the director’s compensation more directly with shareholder value.
Was there a purchase price for D. Scott Davis’s new HON Restricted Stock Units?
The reported transaction price for the 576 Restricted Stock Units was $0.00 per unit. This indicates the award was granted as equity compensation rather than bought in the open market, consistent with typical non-employee director stock plans.
Under which plan were D. Scott Davis’s Honeywell RSUs granted?
The 576 Restricted Stock Units were granted under Honeywell’s 2016 Stock Plan for Non-Employee Directors. This plan provides equity-based compensation to outside board members, helping align their interests with long-term shareholder outcomes through stock-linked awards.