HONEYWELL INTERNATIONAL INC 4
Research Summary
AI-generated summary
Honeywell Aerospace (HONA) 10% Owner Disposes 316.94M Shares in Spin-Off
What Happened Honeywell International Inc. (listed on the Form 4 as a 10% owner) disposed of all 316,939,750 issued and outstanding shares of Honeywell Aerospace Inc. (HONA) on June 29, 2026 by distributing them pro rata to Honeywell shareholders to effect the announced spin-off. The shares were distributed as a dividend at $0.00 per share (total reported value $0), so this was a corporate spin-off distribution rather than a sale on the open market. After the distribution, Honeywell holds 0 shares of HONA.
Key Details
- Transaction date and filing: June 29, 2026 (Form 4 filed same day).
- Transaction type/code: Disposition by distribution (code J — other acquisition/disposition).
- Shares disposed: 316,939,750 HONA shares; price reported $0.00; total value $0.
- Shares owned after transaction: 0 shares.
- Notable footnotes:
- Record date for the dividend distribution: close of business on June 15, 2026.
- A June 24, 2026 amended HONA charter converted Honeywell’s prior 19,715 shares into 316,939,750 shares (a recapitalization). That recapitalization was exempt under Rules 16a-9 and 16b-7 and did not change Honeywell’s pecuniary interest before the distribution.
- Insider status: Honeywell is a 10% institutional owner, not an individual executive — this is a corporate restructuring action, not personal insider trading.
Context This filing reflects a corporate spin-off distribution: Honeywell reorganized and distributed HONA shares to its own shareholders rather than selling them. Such distributions are routine in spin-offs and do not imply insider buying or selling sentiment about HONA’s stock.