'Honeywell' Non-Executive Directors Expand Phantom Stock and RSU Holdings Through Regular Compensation

Three non-executive directors of U.S. industrial heavyweight Honeywell International Inc. (NYSE: HON) modestly increased their stakes as phantom shares and restricted stock units (RSUs) vested under their regular compensation in early to mid-April. On April 1, director Duncan Angove received an automatic award of roughly 150 phantom shares, based on a per-share value of about $228.20. Then on April 15, directors Kevin Burke and Michael W. Lamach each saw 625 RSUs convert into common stock as compensation unrelated to open-market trading. The shares acquired by Mr. Burke were valued at approximately $144,000, while Mr. Lamach’s direct holdings grew by about $526,000.

In March, Honeywell launched large-scale cash tender offers to repurchase up to $4.67 billion of dollar-denominated notes and €2.49 billion of euro-denominated notes. The company also announced that it will release its first-quarter 2026 earnings and host a conference call before the market opens on April 23. In reporting fourth-quarter 2025 results and its 2026 outlook, Honeywell reaffirmed its plan to separate its automation and aerospace businesses into three independent, publicly traded companies by the second half of 2026.

Headquartered in Charlotte, North Carolina, Honeywell is a Fortune 500 multinational industrial conglomerate with a portfolio spanning aerospace, process and building automation, and advanced materials. Under pressure from activist investors, the company is moving ahead with the spin-off plan to create a three-company structure, including a standalone aerospace business.