Honeywell set June 15, 2026 as the record date for the spin-off of Honeywell Aerospace, with the distribution 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, June 29, under the ticker “HONA,” while Honeywell will continue trading under “HON.”
Honeywell also said it expects to run a when-issued market for Honeywell Aerospace beginning on or about June 15 under the ticker “HONAV.” From June 15 through June 26, Honeywell shares are expected to trade in two markets: regular-way under “HON,” with the right to receive Aerospace shares, and ex-distribution under “HONIV,” without that right.
On the same day as the spin-off, Honeywell expects to complete a 1-for-2 reverse stock split. That would cut the number of issued and outstanding Honeywell shares from about 634 million to about 317 million, while reducing authorized shares from 2 billion to 1 billion.
The company said the reverse split would leave the share count roughly halved, with every two shares combined into one. No fractional shares will be issued; instead, fractional interests will be sold and cash distributed to affected holders.
Honeywell said the reverse split is contingent on completion of the Aerospace spin-off. 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. Check out the company's full 8-K submission here.
