Masso James 4
Research Summary
AI-generated summary
Honeywell (HON) Pres/CEO James Masso Receives Stock Awards
What Happened
- James Masso, President & CEO, Process Automation at Honeywell International (HON), received equity awards on February 19, 2026: 16,435 Restricted Stock Units (RSUs) and 3,734 stock options. Both awards are reported as derivative instruments and were granted at $0 cash paid (typical for compensation grants).
- These are compensation grants (awards), not open-market purchases or sales. They do not represent an immediate cash investment by the insider and are generally intended for retention and long-term alignment with shareholders.
Key Details
- Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed 4 days after the grant).
- RSUs: 16,435 granted; vest 25% each year on Feb 19 of 2027, 2028, 2029 and 2030 (see footnote F2).
- Options: 3,734 granted; vest on Feb 19, 2030 (see footnote F3). Instrument converts to common stock one-for-one (footnote F1).
- Price/consideration: $0 reported for both awards (typical for grants). The filing does not disclose a cash value or shares owned after the transaction.
- Filing timeliness: Filing occurred 4 days after the grant date; Form 4s are generally required within two business days, so this appears later than the common deadline.
Context
- RSUs: convert to common shares as they vest (one-for-one). They typically result in share issuance to the insider at vesting and may be subject to tax withholding.
- Options: these are not exercisable immediately (long-term vesting to 2030). The filing does not indicate any immediate exercise or sale of shares.
- For retail investors: awards like these are standard executive compensation and signal company retention/long-term incentives rather than an immediate insider purchase or sale.