Honeywell's Outside Directors Acquire Limited Stock and Phantom Shares Linked to Compensation

On April 1 and 15, three independent directors of Honeywell International Inc. (NYSE: HON) disclosed small equity acquisitions under the company’s director compensation plan, reflecting the conversion of phantom shares and restricted stock units (RSUs) into common stock.

Through the deferred director compensation program, Duncan Angove was granted additional phantom shares tied to the value of Honeywell common stock, while Kevin Burke and Michael W. Lamach each had 625 RSUs vest and convert into an equal number of common shares. Burke’s vested RSUs were valued at approximately $144,000 (about KRW 190 million). All transactions were automatic conversions under the regular director compensation program.

On April 23, Honeywell reported its first-quarter 2026 results, reaffirmed its full-year guidance and said it is accelerating portfolio realignment by divesting its warehouse and workflow solutions business and its Productivity Solutions & Services unit. In particular, Honeywell agreed to sell the Productivity Solutions & Services segment to Brady for about $1.4 billion (approximately KRW 1.9 trillion) and is pursuing a multi-stage restructuring that includes a planned spin-off and separate listing of its aerospace business.

Honeywell is a diversified U.S. manufacturing and technology company focused on aerospace, building and industrial automation, and process control. A Nasdaq large-cap, the company recently formalized plans to spin off its aerospace division into an independent public company as part of its portfolio simplification and core business focus strategy.