Denton David M 4
Research Summary
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Honeywell Aerospace (HONA) Director David Denton Receives Award
What Happened
- David M. Denton, a director of Honeywell Aerospace Inc. (HONA), was reported to have received a grant/award of 135.144 derivative shares on June 29, 2026. The filing values the award at $226.24 per share for a total reported value of $30,575. This is recorded as a derivative award (not an open-market purchase).
Key Details
- Transaction date: 2026-06-29; Report filed: 2026-07-01 (Form 4, accession 0001628280-26-046684).
- Shares/units: 135.144; Price per share used for valuation: $226.24; Total value reported: $30,575.
- Type: A = Grant/Award (derivative). Footnotes indicate these are phantom shares under the Deferred Compensation Plan for Non-Employee Directors and/or allocated as deferred compensation.
- Footnote F1: The issuance date coincides with the HONA spin‑off distribution from Honeywell (one HONA share per two Honeywell shares) on June 29, 2026.
- Footnotes F2–F3: Phantom shares are allocated based on HONA stock price at contribution and will be settled in cash per plan elections (i.e., not issued as tradable common stock).
- Shares owned after transaction: Not disclosed in this filing.
- Filing timeliness: Filed within expected Form 4 timeframe (not indicated as late).
Context
- This transaction is a compensation-related derivative award (phantom/deferred compensation) tied to HONA’s stock price and is expected to be settled in cash per the plan. Such awards are routine compensation events and do not represent an open‑market buy or sale of company stock.