Kapur Vimal 4

What Happened
Vimal Kapur, CEO of Honeywell International, had 1,997 restricted stock units (RSUs) convert to common stock on June 1, 2026. Of those shares, 868 were withheld to satisfy tax withholding at $234.99 per share, equal to $203,971. Net shares delivered to Kapur after withholding were 1,129 (1,997 − 868). The filing shows the RSUs converted one-for-one into common stock (derivative conversion) and the withholding was recorded under code F (tax withholding).

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
• Conversion/exercise (code M): 1,997 RSUs converted into common stock (instrument converts one-for-one).
• Tax withholding (code F): 868 shares withheld at $234.99/share → $203,971 withheld to cover taxes.
• Net shares received: 1,129 shares.
• Footnotes: RSU counts were adjusted for the Solstice Advanced Materials spin-off (Oct 30, 2025); 123 additional RSUs reflect reinvested dividend equivalents; RSUs granted under the 2016 Stock Incentive Plan vesting schedule (33%/33%/34% on June 1, 2025/2026/2027).
• Shares owned after the transaction: not specified in this filing.
• No open-market sale beyond the shares withheld for taxes; this appears to be routine vesting and withholding rather than a discretionary sale.

Context
This was a vesting/conversion of RSUs (derivative conversion) with a cashless-type tax withholding — a common practice when equity awards vest. Because the report records shares withheld only to pay taxes and not an open-market sale, it should not be read as a typical insider "sale" for cash; it reflects award settlement and tax obligations.