Honeywell International Inc. DEF 14A Filing
Ticker: HON · Form: DEF 14A · Filed: Apr 2, 2024 · CIK: 773840
| Field | Detail |
|---|---|
| Company | Honeywell International INC (HON) |
| Form Type | DEF 14A |
| Filed Date | Apr 2, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 17 min |
| Key Dollar Amounts | $300M, $25 billion, $8.3 billion, $5 billion, $25B |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Honeywell, Executive Compensation, Shareholder Meeting, Corporate Governance
TL;DR
<b>Honeywell International Inc. filed its DEF 14A on April 2, 2024, detailing executive compensation and corporate information for the 2023 fiscal year.</b>
AI Summary
HONEYWELL INTERNATIONAL INC (HON) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. Honeywell International Inc. filed a DEF 14A on April 2, 2024. The filing covers the period from January 1, 2023, to December 31, 2023. Key executives mentioned include Vimal Kapur and Darius Adamczyk. The filing details executive compensation, including equity awards and pension values. Honeywell International Inc. was formerly known as AlliedSignal Inc. until September 29, 1994.
Why It Matters
For investors and stakeholders tracking HONEYWELL INTERNATIONAL INC, this filing contains several important signals. This DEF 14A filing provides crucial insights into the compensation structures and decisions made for key executives at Honeywell International Inc. during the 2023 fiscal year. Understanding the details of executive compensation, including equity awards and pension adjustments, is vital for shareholders to assess management's alignment with company performance and long-term strategy.
Risk Assessment
Risk Level: low — HONEYWELL INTERNATIONAL INC shows low risk based on this filing. The filing is a routine DEF 14A, which is a standard disclosure for public companies regarding executive compensation and annual meeting matters, indicating no immediate or unusual risks.
Analyst Insight
Review the executive compensation details and any proposed shareholder actions to understand management's incentives and potential corporate governance changes.
Key Numbers
- 2024-04-02 — Filing Date (DEF 14A Filing Date)
- 2023-12-31 — Fiscal Year End (Reporting period for the filing)
- 1994-09-29 — Name Change Date (Date Honeywell International Inc. was formerly AlliedSignal Inc.)
Key Players & Entities
- HONEYWELL INTERNATIONAL INC (company) — FILER
- Vimal Kapur (person) — Executive Member
- Darius Adamczyk (person) — Executive Member
- ALLIEDSIGNAL INC (company) — FORMER COMPANY
FAQ
When did HONEYWELL INTERNATIONAL INC file this DEF 14A?
HONEYWELL INTERNATIONAL INC filed this Proxy Statement (DEF 14A) with the SEC on April 2, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by HONEYWELL INTERNATIONAL INC (HON).
Where can I read the original DEF 14A filing from HONEYWELL INTERNATIONAL INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HONEYWELL INTERNATIONAL INC.
What are the key takeaways from HONEYWELL INTERNATIONAL INC's DEF 14A?
HONEYWELL INTERNATIONAL INC filed this DEF 14A on April 2, 2024. Key takeaways: Honeywell International Inc. filed a DEF 14A on April 2, 2024.. The filing covers the period from January 1, 2023, to December 31, 2023.. Key executives mentioned include Vimal Kapur and Darius Adamczyk..
Is HONEYWELL INTERNATIONAL INC a risky investment based on this filing?
Based on this DEF 14A, HONEYWELL INTERNATIONAL INC presents a relatively low-risk profile. The filing is a routine DEF 14A, which is a standard disclosure for public companies regarding executive compensation and annual meeting matters, indicating no immediate or unusual risks.
What should investors do after reading HONEYWELL INTERNATIONAL INC's DEF 14A?
Review the executive compensation details and any proposed shareholder actions to understand management's incentives and potential corporate governance changes. The overall sentiment from this filing is neutral.
How does HONEYWELL INTERNATIONAL INC compare to its industry peers?
Honeywell International Inc. operates in the aerospace, building technologies, safety and productivity solutions, and performance materials and technologies sectors.
Are there regulatory concerns for HONEYWELL INTERNATIONAL INC?
The DEF 14A filing is a regulatory requirement under the Securities Exchange Act of 1934, mandating disclosure of information related to the solicitation of proxies for shareholder meetings.
Industry Context
Honeywell International Inc. operates in the aerospace, building technologies, safety and productivity solutions, and performance materials and technologies sectors.
Regulatory Implications
The DEF 14A filing is a regulatory requirement under the Securities Exchange Act of 1934, mandating disclosure of information related to the solicitation of proxies for shareholder meetings.
What Investors Should Do
- Analyze the compensation packages for Vimal Kapur and Darius Adamczyk for the fiscal year 2023.
- Review any proposals to be voted on at the upcoming shareholder meeting.
- Examine the historical compensation data for key executives to identify trends.
Year-Over-Year Comparison
This is the initial DEF 14A filing for the 2024 reporting cycle, following the previous year's filing which would have covered the 2022 fiscal year.
Filing Stats: 4,372 words · 17 min read · ~15 pages · Grade level 14.2 · Accepted 2024-04-02 07:16:51
Key Financial Figures
- $300M — x A. (2) 2022 free cash flow includes ~$300M in headwinds due to changes in R&D tax
- $25 billion — ahead. Capital deployment of at least $25 billion from 2023 to 2025 : 2023 capital deploy
- $8.3 billion — 23 to 2025 : 2023 capital deployment of $8.3 billion is in line with our minimum target by 2
- $5 billion — al Access Solutions business for nearly $5 billion (expected to close in 2024) points to o
- $25B — th Mid-Teens+ Free Cash Flow Margin $25B+ 2023–2025 Capital Deployment 6 |
- $1 billion — growth targets. Deployed approximately $1 billion to high-return capital expenditures. C
- $3.7 billion — over 13 consecutive years. Repurchased $3.7 billion in Honeywell shares, reducing the weigh
- $6.0 billion — consecutive year of deploying more than $6.0 billion of cash back to shareowners in the form
- $3 billion — ividends and share repurchases. Issued $3 billion of debt at attractive long-term interes
- $100 million — ity projects since 2010, with more than $100 million in annualized savings. ESG-ORIENTED O
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EXECUTIVE COMPENSATION TABLES
EXECUTIVE COMPENSATION TABLES 81 Summary Compensation Table 81 O ther C ompensation T ables 83 CEO Pay Ratio 96 Pay Versus Performance 97 PROPOSAL 3: APPROVAL OF INDEPENDENT AC C OUNTANTS 101 Independent Accounting Firm Fees 101 Non-Audit Services 101 Audit Committee Report 102 PROPOSAL 4: SHAREOWNER PROPOSAL — INDEPENDENT BOARD CHAIRMAN 103 Board Recommendation 104 ADDITIONAL INFORMATION 106 Other Business 106 Certain Relationships and Related Transactions 106 Stock Ownership Information 107 Virtual Annual Meeting 108 Notice and Access 109 Voting Procedures 109 Shareowner Proposals and Board Nominees 111 Where Shareowners Can Find More Information 112 APPENDIX A: RECONCILIATION OF NON- GAAP FINANCIAL MEASURES 114 RECENT AWARDS 121 Reconciliation, notes, and definitions of non-GAAP financial measures used in the Compensation Discussion and Analysis section and elsewhere in this Proxy Statement, other than as part of disclosure of target levels, can be found on page 49 or in Appendix A. Unless the context otherwise requires, the terms "Honeywell," the "Company," "we," "our," or "us" refer to Honeywell International Inc. and its subsidiaries. 2024 NOTICE AND PROXY STATEMENT | 3 HONEYWELL PERFORMANCE IN 2023 HONEYWELL PORTFOLIO AEROSPACE TECHNOLOGIES INDUSTRIAL AUTOMATION BUILDING AUTOMATION ENERGY AND SUSTAINABILITY SOLUTIONS Solutions to make air travel safer, more efficient, and more environmentally responsible, including advanced aerial mobility solutions and flight efficiency software Processes and solutions that improve productivity, workplace safety, and asset performance, including a wide range of process automation solutions, warehouse and workflow solutions, gas detection technology, and custom-engineered sensors, switches, and controls Hardware, software, and analytics to help improve quality of life and create safer, more efficient, more sustainable, and more productive fa