Stepniak Michal 4
Research Summary
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Honeywell (HON) CFO Michal Stepniak Receives Equity Awards
What Happened
Michal Stepniak, Chief Financial Officer of Honeywell International Inc., was granted two equity awards on February 19, 2026: 10,373 restricted stock units (RSUs) and 45,653 employee stock options. Both awards are reported as derivative securities with a reported price of $0 because they are issuer grants, not open-market purchases or sales. The total number of shares subject to the awards is 56,026; the instruments convert to common stock on a one-for-one basis.
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (filed within the SEC two-business-day window).
- Award types and amounts: 10,373 RSUs (Footnote F2) and 45,653 employee stock options (Footnote F3). Reported as Code A (award/grant).
- Reported price: $0 (grant). These are not purchases or sales.
- Vesting: RSUs vest 25% on each of Feb 19, 2027; Feb 19, 2028; Feb 19, 2029; and Feb 19, 2030 (F2). Stock options vest on Feb 19, 2030 (F3).
- Conversion: Instruments convert to common stock on a one-for-one basis (F1).
- Shares owned after transaction: Not disclosed in this Form 4.
- No 10b5-1 plan, tax withholding, or immediate sale was reported in this filing.
Context
These awards are standard long-term incentive grants for executives and do not represent an immediate market purchase or sale. RSUs will convert into shares as they vest; stock options will only result in shares if and when exercised after vesting (the Form 4 shows the grant but does not disclose an exercise price or any subsequent sale). Such grants are common compensation practice and should be interpreted as part of executive pay, not a direct short-term trading signal.