Spin-off leaves Honeywell Aerospace (HONAV) director with shares and phantom units
Rhea-AI Filing Summary
Reuss Mark L reported acquisition or exercise transactions in this Form 4 filing.
Honeywell Aerospace Inc. director Mark L. Reuss reported his post spin-off holdings and a new deferred compensation award. Honeywell International completed the previously announced spin-off of Honeywell Aerospace by distributing a pro rata dividend of one share of HONA common stock for every two Honeywell shares held as of June 15, 2026.
Following this distribution, Reuss holds 12 shares of HONA common stock directly and was credited with 135.1441 Deferred Compensation (Phantom Shares) tied to HONA stock. These phantom shares are granted under the Deferred Compensation Plan for Non-Employee Directors and will be settled in cash based on Honeywell Aerospace’s share price at future settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Compensation (Phantom Shares) | 135.144 | $226.24 | $31K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On June 29, 2026, Honeywell International Inc. ("Honeywell") distributed a pro rata dividend to Honeywell shareowners of one share of common stock, par value $0.01 per share ("HONA Common Stock"), of Honeywell Aerospace Inc., a Delaware corporation ("HONA"), for every two shares of Honeywell common stock, par value $1.00 per share, held by each holder of record as of the close of business on June 15, 2026, to effect the previously announced spin-off of HONA from Honeywell. Deferred Compensation (Phantom Shares) are allocated based on the price of HONA Common Stock on the contribution date by dividing the dollar amount of the contribution by the price per share of HONA Common Stock. HONA Common Stock prices are based on the mean of the highest and lowest sales price on the date of contribution. Phantom Shares are settled in cash based on the price of HONA Common Stock at settlement. Phantom shares are accrued under the Deferred Compensation Plan for Non-Employee Directors and will be settled in cash based on elections by the Reporting Person as permitted under the Plan.