Honeywell set June 15, 2026 as the record date for its Aerospace spin-off and said the distribution is expected on June 29, 2026.
Shareowners of record on June 15 are expected to receive one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock they own. Honeywell Aerospace is expected to begin trading on Nasdaq the same day the spin-off is completed, under the ticker HONA.
Honeywell also said its board approved a 1-for-2 reverse stock split, also expected to take effect on June 29, 2026, after the spin-off. The split will cut Honeywell’s issued and outstanding shares from about 634 million to about 317 million. At the same time, authorized common shares will be reduced from 2 billion to 1 billion.
Honeywell shares are expected to keep trading on Nasdaq under the ticker HON. Before the distribution date, Honeywell said two markets are expected to exist for the stock from June 15 through June 26: a regular-way market under HON, with the right to receive Aerospace shares, and an ex-distribution market under HONIV, without that right.
Honeywell Aerospace said it expects to start trading on a when-issued basis on or about June 15 under the ticker HONAV before regular-way trading begins on June 29 under HONA. As a result of these announcements, the company's shares have moved -1.69% on the market, and are now trading at a price of $213.97. For the full picture, make sure to review HONEYWELL INTERNATIONAL INC's 8-K report.
