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HONEYWELL BOARD OF DIRECTORS SETS RECORD DATE AND ANNOUNCES EXPECTED TIMING FOR SPIN-OFF OF HONEYWELL AEROSPACE AND HONEYWELL REVERSE STOCK SPLIT
Honeywell Aerospace is expected to start trading on Nasdaq on June 29, and Honeywell shares will be cut in half in a 1-for-2 reverse split.
- Honeywell's Board of Directors set a record date of June 15, 2026, for the spin-off of Honeywell Aerospace, with shareowners receiving one share of the new entity for every two shares of Honeywell common stock held.
- Starting June 15, 2026, Nasdaq will host two markets: a "when-issued" market trading under "HONAV" and an "ex-distribution" market under "HONIV" from June 15 through June 26, 2026.
- Concurrently with the spin-off, Honeywell will execute a 1-for-2 reverse stock split on June 29, 2026, reducing outstanding shares from approximately 634 million to approximately 317 million and authorized shares from 2 billion to 1 billion.
- Jim Currier, President and CEO of Honeywell Aerospace, said the move allows the supplier to "accelerate innovation as we shape the future of aviation," while Chairman and CEO Vimal Kapur cited the company's 140-year legacy.
- The spin-off is expected to be tax-free to shareowners; following the June 29 distribution, Honeywell Aerospace stock will begin regular-way trading on the Nasdaq Stock Market LLC under ticker symbol "HONA.
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HONEYWELL BOARD OF DIRECTORS SETS RECORD DATE AND ANNOUNCES EXPECTED TIMING FOR SPIN-OFF OF HONEYWELL AEROSPACE AND HONEYWELL REVERSE STOCK SPLIT
Record date set for June 15, 2026Distribution expected to occur on June 29, 2026, with shareowners of record expected to receive one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock ownedHoneywell Aerospace expected to…
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Coverage Details
Total News Sources35
Leaning Left4Leaning Right4Center10Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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