Honeywell Aerospace (HONAV) CEO receives major option and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Honeywell Aerospace Inc. President and CEO James E. Currier reported new equity awards and his overall equity position following Honeywell’s spin-off of Honeywell Aerospace Inc. (HONA) on June 29, 2026. The filing shows a grant of 45,252 employee stock options with an exercise price of $190.51 per share, each option convertible into one share of HONA common stock and expiring on February 18, 2035. Currier also reports restricted stock unit positions tied to 6,301 and 9,254 underlying HONA common shares, along with other RSU blocks, many of which were converted from prior Honeywell performance stock units under an Employee Matters Agreement related to the spin-off. After these awards, he holds 2,261 shares of HONA common stock directly, plus multiple existing option grants, including 38,130 options at an exercise price of $230.83 expiring on February 18, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
21 transactions reported
Mixed
21 txns
Insider
Currier James E
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 0 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 0 | $0.00 | -- |
| Grant/Award | Employee Stock Options (right to buy) | 45,252 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 9,254 shares (Direct, null);
Employee Stock Options (right to buy) — 45,252 shares (Direct, null);
Common Stock — 2,261 shares (Direct, null);
Common Stock — 0 shares (Indirect, Held in 401(k) plan)
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. HONA Common Stock held indirectly by the reporting person in the Honeywell Aerospace 401(k) Plan will be voluntarily reported following the Honeywell Aerospace 401(k) Plan blackout period. Instrument converts to HONA Common Stock on a one-for-one basis. Performance stock units that were received by the reporting person when the reporting person was employed by Honeywell, which were converted into HONA restricted stock units in connection with the spin-off of HONA from Honeywell in accordance with the Employee Matters Agreement, dated July 29, 2026 between the HONA and Honeywell. Excludes reinvestment of dividend equivalents during the vesting period. The restricted stock units will vest on February 16, 2027. Performance stock units that were received by the reporting person when the reporting person was employed by Honeywell, 50% of which vested upon the successful completion of the spin-off of HONA from Honeywell on June 29, 2026 and 50% of which will vest on June 29, 2027, and were converted into restricted stock units of HONA Common Stock in accordance with the Employee Matters Agreement, dated July 29, 2026 between Honeywell and HONA. Represents equity awards originally granted by Honeywell that have been adjusted or converted into equity awards of HONA in connection with the spin-off of HONA from Honeywell in accordance with the Employee Matters Agreement, dated July 29, 2026, between HONA and Honeywell. The restricted stock units will vest on July 30, 2026. The restricted stock units will vest on February 11, 2027. 49% of the restricted stock units will vest on August 1, 2026 and 51% of the restricted stock units will vest on August 1, 2027. 49% of the restricted stock units will vest on February 16, 2027 and 51% of the restricted stock units will vest on February 16, 2028. 33% of the restricted stock units will vest on February 19, 2027, 33% of the restricted stock units will vest on February 19, 2028 and 34% of the restricted stock units will vest on February 19, 2029. 25% of the restricted stock units will vest on each of February 19, 2027, February 19, 2028, February 19, 2029 and February 19, 2030, respectively. Employee stock options granted by Honeywell when the reporting person was employed by Honeywell subject to successful completion of the spin-off of HONA from Honeywell, which were converted into options for HONA Common Stock with 50% vested on June 29, 2026 and 50% vesting on June 29, 2027 in accordance with the Employee Matters Agreement, dated July 29, 2026 between Honeywell and HONA. The employee stock options are fully vested. 64% of the employee stock options are fully vested and 33% of the employee stock options will vest on February 23, 2027. 50% of the employee stock options are fully vested and 25% of the employee stock options will vest on each of August 1, 2026 and August 1, 2027, respectively. 50% of the employee stock options are fully vested and 25% of the employee stock options will vest on each of February 16, 2027 and February 16, 2028, respectively. 25% of the employee stock options are fully vested and 25% of the employee stock options will vest on each of February 19, 2027, February 19, 2028 and February 19, 2029, respectively. The employee stock options will vest on February 19, 2030.
Key Figures
New option grant: 45,252 options
Option exercise price: $190.51 per share
Direct common shares: 2,261 shares
+5 more
8 metrics
New option grant
45,252 options
Exercise price $190.51, expires February 18, 2035
Option exercise price
$190.51 per share
Employee stock options granted on June 29, 2026
Direct common shares
2,261 shares
HONA common stock directly owned after reported transactions
Existing option block
38,130 options
Exercise price $230.83, expires February 18, 2036
RSU holding
6,301 underlying shares
Restricted stock units reported as derivative security
Additional RSUs
9,254 underlying shares
Restricted stock units reported as derivative security
Spin-off ratio
1 HONA share for every 2 Honeywell shares
Pro rata dividend distribution on June 29, 2026
RSU vesting date
February 16, 2027
Restricted stock units scheduled to vest on this date
Key Terms
Restricted Stock Units, Employee Stock Options, pro rata dividend, spin-off, +2 more
6 terms
Restricted Stock Units financial
"The restricted stock units will vest on February 16, 2027."
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.
Employee Stock Options financial
"The employee stock options are fully vested."
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
pro rata dividend financial
"Honeywell distributed a pro rata dividend to Honeywell shareowners of one share of common stock."
spin-off financial
"to effect the previously announced spin-off of HONA from Honeywell."
A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.
Employee Matters Agreement regulatory
"were converted into HONA restricted stock units in connection with the spin-off ... in accordance with the Employee Matters Agreement."
performance stock units financial
"Performance stock units that were received by the reporting person when employed by Honeywell."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
FAQ
How many Honeywell Aerospace stock options were granted to the CEO in this Form 4?
The CEO received 45,252 employee stock options with an exercise price of $190.51 per share. Each option converts one-for-one into HONA common stock and expires on February 18, 2035, forming a significant part of his long-term incentive package.
How is the Honeywell Aerospace spin-off described in this insider filing?
The filing notes that on June 29, 2026, Honeywell International Inc. distributed HONA common stock as a pro rata dividend, one HONA share for every two Honeywell shares. This distribution completed the previously announced spin-off of Honeywell Aerospace Inc.
Were the equity awards to the Honeywell Aerospace CEO linked to prior Honeywell grants?
Yes. Several employee stock options and restricted stock units are described as originally granted by Honeywell and then adjusted or converted into HONA awards under an Employee Matters Agreement connected to the completion of the spin-off transaction.