Hammoud Billal 4

What Happened
Hammoud Billal, President/CEO — Building Automation at Honeywell International, had restricted stock units (RSUs) settle/convert into common shares following the Honeywell Aerospace spin-off. The filing shows 1,030 shares issued on 2026-07-16 via exercise/conversion of derivative awards. To cover tax liabilities, 465 of those shares were surrendered/withheld (disposed) at $239.58 per share, producing proceeds of $111,405. One conversion entry reports a $0 price because the transaction reflects issuance/conversion of RSU/derivative awards rather than a cash purchase.

Key Details

• Transaction date: July 16, 2026 (Form 4 filed July 20, 2026).
• Primary actions: conversion/exercise of 1,030 RSU/derivative shares; 465 shares disposed for tax withholding at $239.58 each (total $111,405).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: These were restricted share units that vested upon the June 29, 2026 spin-off of Honeywell Aerospace (Honeywell Technologies) and were adjusted for the spin-off and a reverse stock split.
  • F2: Includes reinvestment of dividend equivalents into 32 additional restricted stock units.
  • F3: The instrument converts to common stock of Honeywell Technologies on a one-for-one basis.
• Tax withholding code (F) indicates shares were surrendered/withheld to satisfy tax obligations; this is a routine withholding rather than an open-market sale.

Context
This was a post-spin-off RSU settlement and a net-share settlement to cover taxes (common practice). The conversion/derivative entries reflect issuance of shares from vested awards rather than an outright cash purchase; the only shares shown as disposed were used for tax withholding. Check the full SEC filing for any ownership totals, timeliness flags, or additional context.