Honeywell Aerospace CEO Converts RSUs, Withholds Shares for Tax Obligations
Honeywell Aerospace (HONA) CEO James E. Currier reported mixed equity activity in a recent filing.
On August 1, 2026, Currier's restricted stock units (RSUs), including dividend equivalents, converted one-for-one into common stock, resulting in 1,497 RSUs remaining outstanding.
The conversion represents 49% of the total vesting tranche for the award, which will reach full vesting on August 1, 2027. The same day, Currier withheld 650 common shares to cover exercise-price or tax obligations at $208.27 per share, resulting in a value of approximately $135,000.
Additionally, the filing disclosed that Currier holds 430 common shares indirectly through a 401(k) plan. While this transaction does not directly impact shareholder value, it provides insight into the executive's compensation and potential long-term wealth accumulation within the company.