Hammoud Billal 4

What Happened

• Billal Hammoud, President & CEO of Honeywell’s Building Automation business, received equity awards on Feb 19, 2026 consisting of 25,212 derivative units (two grants of 4,668 and 20,544 units). Both awards were recorded at $0 acquisition price (grants/awards), and convert to common stock on a one‑for‑one basis per the filing. These are grants, not open‑market purchases or sales, so they do not represent an immediate cash outlay or sale by the insider.

Key Details

• Transaction date: February 19, 2026; filing date: February 23, 2026 (filed within the normal Form 4 timeframe).
• Grant amounts: 4,668 units and 20,544 units (total 25,212 units); reported acquisition price $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 = each instrument converts to common stock 1-for-1. F2 = Restricted Stock Units granted under the 2016 Stock Incentive Plan, vesting 25% on each of Feb 19, 2027, 2028, 2029 and 2030. F3 = Employee Stock Options under the same plan vesting on Feb 19, 2030.
• Filing timeliness: Filed Feb 23, 2026, which meets the typical two‑business‑day Form 4 deadline for a Feb 19 transaction.

Context

• These awards include both RSUs (which convert to shares as they vest) and stock options (which vest at a later date); neither grant implies an immediate sale or cashless exercise. RSUs will deliver shares over four annual vesting dates; the options vest in 2030 per the footnotes. Grants under company incentive plans are routine compensation and do not by themselves indicate the insider is buying or selling stock.

If you want, I can check the full Form 4 text to confirm which grant is the RSU vs. the option and to pull any reported post‑transaction share totals.