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Honeywell Aerospace Inc.·4

Jul 20, 7:47 PM ET

Arlak Karen Elizabeth 4

Research Summary

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Honeywell Aerospace (HONA) SVP Karen Arlak Exercises Stock Awards

What Happened
Arlak Karen Elizabeth, SVP and Chief Human Resources Officer of Honeywell Aerospace (HONA), had 1,756.533 performance-based equity units convert into common shares on July 16, 2026. To satisfy tax withholding, 471 of those shares were surrendered to the company at $208.37 per share (total withholding value reported as $98,142). The remaining converted shares were issued to the reporting person (1,756.533 converted − 471 withheld = 1,285.533 net shares retained).

Key Details

  • Transaction date: July 16, 2026 (Form 4 filed July 20, 2026 — within the typical 2-business-day window).
  • Actions reported: conversion/exercise of derivative awards (code M) and tax withholding via share surrender (code F).
  • Quantities/prices: 1,756.533 shares converted; 471 shares surrendered for taxes at $208.37 each (withholding = $98,142). Exercise/conversion recorded at $0.00 (no cash exercise price).
  • Shares owned after transaction: not specified in the filing (the filing shows the conversion and withholding but does not list total holdings).
  • Notable footnotes: these were performance stock units originally granted while the reporting person was employed by Honeywell International, vested on the spin-off of Honeywell Aerospace on June 29, 2026, were adjusted for the spin-off and a reverse stock split (F1); the instrument converts one-for-one to common stock (F2); the reported total includes 46.533 dividend-equivalent RSUs reinvested (F4); some performance units remain subject to vesting through June 29, 2027 (F5).

Context

  • This was not an open-market sale or purchase — it was the settlement/conversion of performance awards, with shares withheld to cover taxes (a routine internal transaction).
  • The conversion was treated as a derivative-to-stock settlement rather than a cash exercise; apart from the withheld shares for taxes, there was no sale of shares reported.
  • These sorts of award settlements reflect compensation plan mechanics (vesting and tax withholding) rather than an explicit buy/sell signal by the insider.