Honeywell Outside Director Automatically Accumulates Phantom Shares Worth Millions

Duncan Angove, an outside director of Honeywell International Inc. (NYSE: HON), received an additional 153.3733 phantom shares tied to the company’s common stock on April 1 under its non-employee director deferred compensation plan.

At a reference price of approximately $228.20 per share, this accrual is valued at about $35,000 (roughly KRW 47 million) and will be settled in cash rather than delivered as actual shares.

With this award, Angove’s cumulative phantom and deferred holdings equivalent to Honeywell common stock now total about 9,460.87 shares. The grant reflects a routine deferral of director compensation, not open-market buying or selling.

Meanwhile, Honeywell has been streamlining its aerospace portfolio, most recently granting Innovative Aerosystems an exclusive, perpetual license for power-generation equipment used in commercial and defense aircraft.

Ahead of its planned aerospace spin-off, targeted for completion in the third quarter of 2026, the company will hold investor days for its aerospace segment on June 3 in Phoenix, Arizona, and for its automation business on June 11 in New York.

Headquartered in Charlotte, North Carolina, Honeywell International is a diversified industrial technology company operating across aerospace, building and industrial automation, materials, and energy solutions. It is executing a phased restructuring designed to enhance the independence and value of its business units, including the spin-off of its Solstice advanced materials business and the upcoming aerospace separation.