Kapur Vimal 4
Research Summary
AI-generated summary
Honeywell CEO Vimal Kapur Exercises RSUs; 494 Shares Withheld
What Happened
Vimal Kapur, CEO of Honeywell International (HON), had 1,135 restricted stock units (RSUs) convert to common shares on February 11, 2026. To cover tax withholding associated with the vesting/settlement, 494 shares were surrendered at an indicated per-share withholding value of $242.08, totaling $119,588. The conversion/settlement shows a $0 exercise price for the derivative conversion, consistent with RSU settlement rather than a paid option exercise.
Key Details
- Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely filing).
- Primary actions: conversion/settlement of 1,135 RSUs (transaction code M) and tax withholding of 494 shares (transaction code F).
- Withholding price/value: 494 shares × $242.08 = $119,588 reported.
- Exercise/conversion price: $0.00 for the derivative conversion entry (typical for RSU settlement).
- Shares owned after transaction: not disclosed in the provided filing data.
- Notable footnotes: RSUs were adjusted for the Oct 30, 2025 Solstice Advanced Materials spin-off (F2); 91 additional RSUs reflect reinvested dividend equivalents (F3); RSUs granted under the 2016 Stock Incentive Plan and vest 33% / 33% / 34% on Feb 11, 2024, 2026, 2028 (F4).
- Nature of transaction: routine vesting/settlement with shares withheld for tax obligations (cashless/net share settlement), not an open-market purchase or discretionary sale.
Context
This filing reflects a standard executive compensation settlement (RSU vesting) with shares withheld to satisfy tax liabilities. Such withholding is routine and does not necessarily signal a directional view by the insider. No open-market sale of additional shares was reported in this transaction beyond the tax-withholding surrender. Purchases or open-market sales by insiders tend to carry more interpretive weight for investors than routine vesting + withholding events.