ARNOLD CRAIG 4
Research Summary
AI-generated summary
Honeywell (HON) Director Craig Arnold Exercises/Converts Derivatives for 359 Shares
What Happened
- Craig Arnold, a non-employee director of Honeywell International Inc. (HON), reported derivative transactions on April 15, 2026 that resulted in the acquisition of shares. The filing shows an exercised/converted derivative for 359 shares at $230.93 per share (total ~$82,904). A separate line reports a conversion of 359 derivative units at $0.00 (no cash paid).
- These transactions reflect acquisition (not a sale), which is generally more informative to investors than routine sell disclosures.
Key Details
- Transaction date: April 15, 2026; filing date: April 16, 2026.
- Prices and amounts: 359 shares @ $230.93 (cash paid = $82,904); 359 shares @ $0.00 (no cash outlay).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes: (1) Instrument converts to common stock on a one-for-one basis. (2) Includes reinvestment of dividend equivalents into 4 additional restricted stock units. (3) The restricted stock units were granted under the 2016 Stock Plan for Non‑Employee Directors and vested on April 15, 2026.
- Filing timeliness: Form 4 was filed the day after the transactions; no late filing is indicated in the record.
Context
- The Form 4 labels these as "exercise or conversion of derivative" (code M); in plain terms, derivative awards were converted/exercised into common shares. There is no indication in the filing that shares were immediately sold (no cashless sale reported).
- The vested awards are from the non‑employee director plan (RSUs) and include reinvested dividend equivalents; these types of director award conversions are common and reflect scheduled vesting rather than ad hoc market-timing.