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confidence high
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materiality 0.85
Honeywell sets June 15 record date, expects Aerospace spin-off and 1-for-2 reverse split on June 29
HONEYWELL INTERNATIONAL INC
- Record date for spin-off of Honeywell Aerospace set for June 15, 2026; distribution expected June 29, 2026.
- Shareholders to receive 1 Honeywell Aerospace share for every 2 Honeywell shares held as of record date.
- Honeywell Aerospace (HONA) to begin trading on Nasdaq June 29; when-issued trading (HONAV) begins June 15.
- Honeywell to effect 1-for-2 reverse stock split effective June 29, contingent on spin-off completion, reducing outstanding shares to ~317M.
- Authorized shares reduced from 2B to 1B; spin-off expected tax-free to shareholders.