Hammoud Billal 4

What Happened

• Billal Hammoud, President/CEO of Honeywell's Building Automation business, had 471 restricted stock units (RSUs convert/derivatives) convert into common shares on April 24, 2026. To cover tax withholding, 213 of those shares were surrendered at a reported value of $212.26 per share, totaling $45,211. That leaves a net 258 shares delivered to Billal from this vesting event.
• The filing shows the derivative instrument converting one-for-one into common stock (vesting/conversion rather than an open-market purchase or sale). The withholding was executed via share surrender (tax payment), a routine administrative action.

Key Details

• Transaction date: April 24, 2026 (Form 4 filed Apr 27, 2026 — filed within the normal two-business-day window).
• Entries: conversion/exercise of derivative (code M) for 471 shares; payment of tax liability (code F) by surrendering 213 shares at $212.26 each = $45,211.
• Net shares received: 471 converted − 213 withheld = 258 shares retained by the insider.
• Footnotes of note:
  • RSUs were adjusted for the Solstice Advanced Materials spin-off (Oct 30, 2025).
  • The instrument converts one-for-one to common stock.
  • Grant details: 2016 Stock Incentive Plan; vesting schedule 33% / 33% / 34% on Apr 24 of 2025, 2026 and 2027.
  • Includes reinvestment of dividend equivalents into 29 additional RSUs.
• Shares owned after the transaction are not stated in the provided excerpt.

Context

• This was a vesting/conversion event (derivative-to-common conversion) with tax withholding via share surrender — common, administrative, and not an open-market sale that signals a directional bet.
• For retail investors: such vesting events increase insider ownership but the withholding reduces the net shares received; they are routine and typically reflect compensation vesting rather than a deliberate market trade.