Hammoud Billal 4

What Happened

• Billal Hammoud, President/CEO of Honeywell’s Building Automation business, was granted a total of 18,292 derivative awards on June 29, 2026 (1,976 + 998 + 997 + 7,161 + 7,160). Each grant is reported at $0.00 acquisition price, reflecting awards (PSUs/RSUs/other equity units), not open-market purchases or sales. The instruments convert to Honeywell common stock on a one-for-one basis or represent restricted stock units derived from performance share units adjusted in connection with the HONA spin-off and a Honeywell reverse stock split.

Key Details

• Transaction date: 2026-06-29; reported on Form 4 filed 2026-07-01 (timely filing).
• Quantity granted: 18,292 total derivative units across five award entries; reported price $0.00 (standard for grants/awards).
• Shares owned after transaction: not disclosed in the provided filing.
• Notable footnotes: awards were PSUs/RSUs granted under Honeywell’s 2016 Stock Incentive Plan, converted/adjusted due to the June 29, 2026 spin-off of Honeywell Aerospace Inc. (HONA) and a reverse stock split; some units vested immediately on the spin-off, some vest on Feb 16, 2027, and some vest on June 29, 2027. Instruments convert to common stock on a one-for-one basis.
• Transaction code: A = Award/Grant (derivative awards), not a purchase (P) or sale (S).

Context

• These awards are compensation- and performance-related grants tied to corporate actions (spin-off and plan adjustments). They represent future equity conversion or restricted stock units rather than an open-market investment by the insider. No cash was paid for these grants and no immediate sale of shares is indicated in this filing.