Reuss Mark L 4
Research Summary
AI-generated summary
HONA Director Mark Reuss Receives 135 Shares
What Happened
- Mark L. Reuss, a director of Honeywell Aerospace Inc. (HONA), was granted/acquired 135.144 derivative shares (reported as an award) on June 29, 2026. The reporting form lists a per‑share value of $226.24 for a total reported value of $30,575. The transaction is recorded as a derivative award rather than an open‑market purchase of common stock.
Key Details
- Transaction date and filing: June 29, 2026 (Form 4 filed July 1, 2026) — filing appears timely.
- Amount: 135.144 shares; per‑share value $226.24; total reported value $30,575.
- Nature: Derivative award / phantom share allocation under director deferred compensation (cash‑settled) — not an acquisition of tradable common stock.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: HONA shares were distributed pro rata to Honeywell shareholders as part of the HONA spin‑off (context for HONA listing).
- F2/F3: The award relates to Phantom Shares in the Deferred Compensation Plan for Non‑Employee Directors; phantom shares are accrued based on HONA share price and will be settled in cash per participant elections.
Context
- This is a compensation/award transaction (A) recorded as a derivative (phantom) grant for a non‑employee director. Because phantom shares are cash‑settled, this does not represent an outlay to buy HONA common stock and is standard director compensation rather than a direct market vote on the stock.