Mailloux Robert D. 4
Research Summary
AI-generated summary
Honeywell (HON) VP & Controller Robert Mailloux Exercises Options, Sells Shares
What Happened
- Robert D. Mailloux, Vice President & Controller of Honeywell International (HON), exercised stock options for a total of 10,549 shares and immediately sold those same 10,549 shares in open-market transactions on January 30, 2026.
- Breakdown: 9,262 shares exercised at $164.84 (cost $1,526,748) and sold at $229.00 (proceeds $2,120,998); 1,287 shares exercised at $171.50 (cost $220,721) and sold at $229.00 (proceeds $294,723). Total exercise cost ≈ $1,747,469; total sale proceeds ≈ $2,415,721 (net ≈ $668,252 before fees/taxes). The derivative-line $0.00 dispositions reflect cancellation/conversion of the options upon exercise.
Key Details
- Transaction date: 2026-01-30; filing date: 2026-02-03 (filed within required reporting window).
- Exercise prices: $164.84 (9,262 shares) and $171.50 (1,287 shares). Sale price: $229.00 for all sold shares.
- Total shares acquired by exercise: 10,549; total shares sold in open market: 10,549.
- Footnotes: Exercise was executed under a Rule 10b5‑1 trading plan adopted Aug 26, 2025 (F1). Options were adjusted for the Solstice Advanced Materials spin-off on Oct 30, 2025 (F2). Options granted under Honeywell’s 2016 Stock Incentive Plan with vesting schedules noted (F3, F4).
- Shares owned after the transactions are not stated in the provided excerpt of the filing.
Context
- This was effectively a cashless exercise: options were exercised and the resulting shares were promptly sold, a common way for insiders to cover option exercise costs and tax obligations. The presence of a 10b5‑1 plan means the trades were pre‑scheduled and not ad hoc. These routine transactions do not by themselves indicate insider sentiment about Honeywell’s stock.