Duncan Angove, a director at Honeywell International Inc., has reported the acquisition of 163.7 phantom shares of the company. This transaction, which occurred on October 1, 2026, brings Angove's total ownership to approximately 5,088.87 shares. The acquisition is part of Honeywell's deferred compensation plan for non-employee directors, indicating Angove's ongoing commitment to the company.

This update is significant not only for Angove but also for Honeywell as it reflects confidence in the company's future performance. The deferred compensation plan allows directors to receive phantom shares that are settled in cash based on the stock's performance. This mechanism aligns the interests of directors with those of shareholders, as the value of the phantom shares is tied to Honeywell's stock price.

Background

Honeywell International Inc. is a global leader in manufacturing, particularly in the aircraft engines and engine parts sector. The company is incorporated in Delaware and has its headquarters in Charlotte, North Carolina. Honeywell operates under the SEC file number 001-08974 and has a fiscal year ending on December 31. The company has undergone significant changes over the years, including a name change from AlliedSignal Inc. in 1994.

What the Filing Says

According to the recent SEC filing (accession number 0001215356-26-000004), Angove's transaction involved acquiring 163.7037 phantom shares at a price of $213.80 per share. Following this transaction, Angove holds a total of 5,088.8742 shares. The filing states, "Phantom Shares are settled in cash based on the price of Common Stock at settlement," emphasizing the cash settlement nature of this compensation.

Impact

This acquisition may influence shareholder perceptions of Honeywell, as it demonstrates Angove's confidence in the company's future. As a director, Angove's ownership stake could be seen as a positive signal to investors regarding the company's strategic direction and performance. Additionally, this move may impact other directors and executives, potentially encouraging them to align their interests more closely with those of shareholders.

What's Next

The filing does not say what happens next.