Honeywell VP Sells Shares Immediately After Exercising Stock Options Worth 3 Billion Won

On January 30, Robert D. Mailloux, Vice President and Controller of Honeywell International Inc. (HON), exercised approximately 10,000 employee stock options and immediately sold the same number of shares in the open market at $229 per share, netting roughly $2.42 million (about ₩3.3 billion). The company disclosed that the pre-tax economic benefit from the exercise and sale was about $640,000 (around ₩900 million). After the exercise, Mailloux’s direct shareholding stood at approximately 4,800 shares—roughly the same level as before—and he continues to hold a small stake through his 401(k) account.

On February 10, about 1,500 restricted stock units (RSUs) held by Mailloux and around 800 RSUs held by Senior Vice President and Chief Human Resources Officer Karen Mattimore vested and converted into common shares. A portion of the shares was used to satisfy tax withholding requirements, and the remainder was added to each executive’s direct holdings—bringing Mattimore’s total direct share count to over 20,000. These options and RSUs were granted under Honeywell’s 2016 Stock Incentive Plan and were adjusted in connection with the October 30, 2025 completion of the Solstice Advanced Materials spin-off. The company characterized the transactions as routine, compensation-related equity dealings.

In its Fiscal 2025 Form 10-K filed on February 17, Honeywell reclassified its Productivity Solutions and Logistics businesses as held-for-sale assets and recorded additional goodwill and asset impairment charges, revising its continuing-operations earnings per share to $6.94 and disclosing total impairment charges of approximately $400 million. In early February, the company reported fourth-quarter 2025 results, with revenue rising 8% year-over-year, driven by defense & aerospace and building automation demand. For 2026, Honeywell projected revenue of $38.8 billion to $39.8 billion and adjusted EPS of $10.35 to $10.65, and reaffirmed plans to complete the spin-off and public listing of its aerospace business by Q3 2026.

Honeywell is a U.S. diversified industrial company generating over $37 billion in annual revenue across aerospace; building and industrial automation; and energy and materials solutions. Having completed the Solstice Advanced Materials spin-off, the company is executing a major portfolio realignment by preparing separate public entities for its aerospace and automation businesses. The stock options and RSUs disclosed in this filing are part of Honeywell’s long-term compensation program and are vesting or converting under terms adjusted post-spin-off.