Honeywell sets June timetable for Aerospace spin-off and 1-for-2 reverse split

Spin-off timetable and distribution

Honeywell's Board set the record date for the spin-off of Honeywell Aerospace as June 15, 2026. The company expects to distribute all issued and outstanding shares of Honeywell Aerospace common stock pro rata at 12:01 a.m. New York City time on June 29, 2026, on the basis of one Honeywell Aerospace share for every two Honeywell shares held as of the close of business on the record date.

Trading and market mechanics

Honeywell Aerospace common stock is expected to begin when‑issued trading on Nasdaq under the ticker HONAV on or about June 15, 2026 and to commence regular‑way trading as HONA on June 29, 2026. Honeywell common stock will continue to trade as HON; from June 15 through June 26 there is expected to be both a regular‑way HON market (with distribution rights) and an ex‑distribution HONIV market (without distribution rights).

Reverse stock split and share counts

Subject to completion of the spin-off, Honeywell will effect a 1‑for‑2 reverse stock split at 12:02 a.m. on June 29, 2026, combining every two issued or treasury shares into one share. This is expected to reduce issued and outstanding shares from approximately 634 million to approximately 317 million and to reduce authorized common shares from 2 billion to 1 billion; par value will not change. Outstanding equity awards and benefit‑plan shares or units will be proportionately adjusted. The new CUSIP after the reverse split will be 438516205.

Conditions, tax and fractional shares

Completion of the spin-off is conditioned on satisfaction or waiver of certain conditions, including the Board's declaration as set forth in the Separation and Distribution Agreement filed as part of the Form 10. The spin-off is expected to be tax‑free for U.S. federal income tax purposes except for cash received in lieu of fractional shares. No fractional shares will be issued in the reverse split; the transfer agent will aggregate and sell fractional interests and distribute net cash proceeds (without interest) to affected shareowners.