BURKE KEVIN 4
Research Summary
AI-generated summary
Honeywell (HON) Director Kevin Burke Exercises Options
What Happened
- Kevin Burke, a Honeywell director, exercised/converted derivative awards on April 15, 2026, resulting in the acquisition of 625 common shares at an effective cost of $230.93 per share (total cash paid $144,331). The filing also shows the corresponding derivative instrument (625 units) was converted/cancelled (reported at $0). Footnotes indicate restricted stock units vested the same day and dividend equivalents were reinvested.
Key Details
- Transaction date: April 15, 2026 (Form filed April 16, 2026)
- Acquired: 625 shares @ $230.93 — total cash paid $144,331 (code M: exercise/conversion of derivative)
- Disposed: 625 derivative units reported at $0 (instrument converted one-for-one into common stock; see F1)
- Footnotes: F1 = one-for-one conversion to common stock; F2 = includes reinvestment of dividend equivalents into 13 additional RSUs; F3 = RSUs were granted under the 2016 Non‑Employee Directors Stock Plan and vested 4/15/2026
- Shares owned after transaction: Not specified in the provided filing excerpt
- Filing timeliness: Form filed the next day (no late filing indicated)
Context
- This was an exercise/conversion of derivative awards (not an open‑market sale). The derivative was converted into common stock on a one‑for‑one basis and RSUs vested, with dividend equivalents reinvested into additional RSUs. These transactions are routine compensation/award activities for non‑employee directors and are informational rather than a direct market buy/sell signal.