Honeywell Aerospace (HONAV) spin-off completed via 316.9M-share dividend
Rhea-AI Filing Summary
Honeywell International Inc. completed the spin-off of Honeywell Aerospace Inc. (HONA) by distributing all 316,939,750 shares of HONA common stock it held as a pro rata dividend. Shareowners of Honeywell received one HONA share for every two Honeywell shares held as of the June 15, 2026 record date.
Before the distribution, a recapitalization converted 19,715 shares of HONA common stock into 316,939,750 shares under an amended and restated certificate of incorporation filed on June 24, 2026. That recapitalization was exempt under Rules 16a-9 and 16b-7 and did not change Honeywell’s economic interest in HONA before the spin-off.
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Insights
Honeywell finalized the HONA spin-off via a large share dividend.
The filing shows Honeywell International Inc. disposed of all 316,939,750 shares of HONA on June 29, 2026 through a pro rata dividend. Shareowners received one HONA share for every two Honeywell shares, separating Honeywell Aerospace into an independent company.
A prior recapitalization converted 19,715 original HONA shares into the current total, structured as exempt under Rules 16a-9 and 16b-7. The economic impact for investors depends on future trading values of Honeywell and HONA, which are not addressed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock par value $0.01 | 316,939,750 | $0.00 | -- |
Footnotes (1)
- On June 29, 2026, Honeywell International Inc. ("Honeywell") disposed of all 316,939,750 issued and outstanding shares of common stock, par value $0.01 per share ("HONA Common Stock"), of Honeywell Aerospace Inc., a Delaware corporation ("HONA"), by distributing a pro rata dividend to Honeywell shareowners of one share of HONA Common Stock 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 June15, 2026, to effect the previously announced spin-off of HONA from Honeywell. On June 11, 2026, Honeywell reported that it owned 19,715 shares of HONA Common Stock, which at the time constituted all the issued and outstanding shares of HONA Common Stock. Pursuant to an amended and restated certificate of incorporation of HONA filed with the Secretary of State of the State of Delaware on June 24, 2026, the 19,715 shares of HONA Common Stock were automatically converted into an aggregate of 316,939,750 shares of HONA Common Stock (the "Recapitalization"). The Recapitalization was exempt pursuant to Rules 16a-9 and 16b-7 under the Exchange Act and did not result in a change in the pecuniary interest of Honeywell in HONA.