Currier James E 4
Research Summary
AI-generated summary
Honeywell (HON) CEO James Currier Exercises RSUs, Shares Withheld for Taxes
What Happened
- James E. Currier, President & CEO of Honeywell International (HON), had 1,566 restricted stock units (RSUs convertible one-for-one to common stock) vest on February 16, 2026. To satisfy tax withholding, 656 of those shares were surrendered at an effective value of $214.09 per share, totaling $140,443. The net shares issued to Currier were approximately 910 shares.
- These entries are reported as derivative exercises/conversions (code M) and a tax-withholding disposition (code F). The filing shows the RSUs converting into common stock (one-for-one) and the company withholding shares to cover taxes rather than a cash payment.
Key Details
- Transaction date: February 16, 2026; Form 4 filed February 18, 2026 (filed within normal two-business-day window).
- Shares vested/converted: 1,566 RSUs → 1,566 common shares (one-for-one conversion).
- Shares withheld for taxes: 656 shares at $214.09 each = $140,443 (tax withholding; disposition code F).
- Net shares issued to insider: ~910 shares (1,566 − 656).
- Relevant footnotes: RSUs were adjusted for the Solstice Advanced Materials spin-off (F1); 65 additional RSUs reflect reinvested dividend equivalents (F3); RSUs granted under the 2016 Stock Incentive Plan and vest 33%/33%/34% on Feb 16 of 2026, 2027 and 2028 (F4); instrument converts one-for-one to common stock (F2).
- Filing timeliness: Not reported late — filed Feb 18 for Feb 16 transaction.
Context
- This was a standard RSU vesting event with shares withheld to cover tax obligations (common practice), not an open-market sale or purchase. Such withholding is administrative and doesn't necessarily indicate a change in the insider’s view of the company.
- The RSU grant has remaining vesting tranches in 2027 and 2028 per the plan; the reported activity reflects conversion/vesting and tax withholding rather than a speculative trade.