Honeywell director granted 135 phantom share units
Desroches Pascal reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Desroches Pascal reported acquisition or exercise transactions in this Form 4 filing.
Honeywell Aerospace Inc. director Pascal Desroches reported a compensation-related award of 135.1441 Deferred Compensation (Phantom Shares) tied to Honeywell Aerospace common stock. These phantom shares were allocated on June 29, 2026 using a reference price of $226.2400 per share, resulting in 135.1441 phantom shares outstanding after the transaction.
The award was made under the company’s Deferred Compensation Plan for Non-Employee Directors. The phantom shares do not represent actual stock; instead, they track the price of Honeywell Aerospace common stock and will be settled in cash in the future based on Desroches’ elections under the plan, rather than through open-market stock transactions.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Compensation (Phantom Shares) | 135.1441 | $226.24 | $31K |
Footnotes (2)
- F1. Deferred Compensation (Phantom Shares) are allocated based on the price of common stock, par value $0.01 per share ("HONA Common Stock"), of Honeywell Aerospace Inc., a Delaware corporation ("HONA") 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.
- F2. 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.
Key Figures
Key Terms
HONA Common Stock financial
Deferred Compensation Plan for Non-Employee Directors financial
FAQ
Is the Pascal Desroches Form 4 transaction an open-market trade in Honeywell Aerospace stock?
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