Honeywell (HON) director receives grant of 576 restricted stock units
Rhea-AI Filing Summary
HONEYWELL INTERNATIONAL INC director Michael W. Lamach reported receiving a grant of restricted stock units as equity compensation. He was awarded 576 Restricted Stock Units that convert into Honeywell common stock on a one-for-one basis. These units were granted under the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. and vest on April 15, 2027. Following this award, Lamach holds 576 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LAMACH MICHAEL W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 576 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 576 shares (Direct)
Footnotes (2)
- F1. Instrument converts to common stock on a one-for-one basis.
- F2. 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
RSU grant: 576 Restricted Stock Units
Conversion ratio: 1 RSU = 1 common share
Vesting date: April 15, 2027
+1 more
4 metrics
RSU grant
576 Restricted Stock Units
Grant to director Michael W. Lamach
Conversion ratio
1 RSU = 1 common share
Restricted Stock Units convert to common stock
Vesting date
April 15, 2027
Vesting date for granted Restricted Stock Units
Holdings after grant
576 Restricted Stock Units
Total RSUs held following reported transaction
Key Terms
Restricted Stock Units, one-for-one basis, 2016 Stock Plan for Non-Employee Directors, vest
4 terms
Restricted Stock Units financial
"The Restricted Stock Units were granted under the 2016 Stock Plan for Non-Employee Directors"
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.
one-for-one basis financial
"Instrument converts to common stock on a one-for-one basis."
2016 Stock Plan for Non-Employee Directors financial
"granted under the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc."
vest financial
"The Restricted Stock Units ... 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did HON director Michael W. Lamach report?
Michael W. Lamach reported receiving 576 Restricted Stock Units as an equity grant. The award is documented as a grant or award acquisition and represents direct beneficial ownership of Honeywell equity-linked compensation.
How many restricted stock units did HON grant to director Michael W. Lamach?
Honeywell granted Michael W. Lamach 576 Restricted Stock Units. These units are a form of stock-based compensation that will convert into an equal number of Honeywell common shares once they vest, assuming continued eligibility under the plan terms.
When do Michael W. Lamach’s Honeywell restricted stock units vest?
The 576 Restricted Stock Units granted to Michael W. Lamach vest on April 15, 2027. Vesting means the units become earned and are then eligible to convert into common shares on a one-for-one basis as described in the grant terms.
Under which plan were the HON restricted stock units granted to Michael W. Lamach?
The Restricted Stock Units were granted under the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. This plan provides equity compensation to outside directors, aligning their interests with long-term Honeywell shareholder value.
What does one-for-one conversion mean for HON restricted stock units?
One-for-one conversion means each Restricted Stock Unit becomes one share of Honeywell common stock at settlement. For Michael W. Lamach, his 576 units, once vested and settled, would result in 576 shares of Honeywell common stock being issued to him.