Honeywell International Inc. reported an insider ownership update for Duncan Angove, with the reported transaction date of July 1, 2026. The Form 4 was filed on July 6, 2026, and was signed on Angove’s behalf by Richard Kent. The filing concerns derivative securities tied to Honeywell common stock, specifically deferred compensation “phantom shares” under the company’s Deferred Compensation Plan for Non-Employee Directors. Phantom shares are not actual shares of Honeywell common stock; instead, they represent a cash-settled bookkeeping interest whose value tracks Honeywell’s stock price. The filing indicates an ownership change in the number of derivative securities beneficially owned following the reported transaction, but the provided filing text does not include the transaction table showing the exact number of phantom shares acquired or disposed of, the transaction code, transaction price, or the resulting total ownership amount. The explanatory notes state that deferred compensation phantom shares are allocated by dividing the dollar amount of a director’s deferred compensation contribution by the Honeywell common stock price used for the allocation. That stock price is based on the mean of the highest and lowest sales prices of Honeywell common stock on the last trading day before the contribution or settlement date. Upon settlement, the phantom shares are paid out in cash based on Honeywell’s stock price at that time. Because these securities are cash-settled phantom shares, the reported action does not necessarily represent an open-market purchase or sale of Honeywell common stock. Instead, it reflects a change in Angove’s deferred compensation exposure linked to Honeywell’s share price, governed by elections permitted under the company’s non-employee director deferred compensation plan.