Honeywell’s board set June 15, 2026 as the record date for the planned spin-off of Honeywell Aerospace, with the distribution expected on June 29, 2026.
Shareowners of record on June 15 are expected to receive 1 share of Honeywell Aerospace common stock for every 2 shares of Honeywell common stock they own. Honeywell Aerospace is expected to start trading on Nasdaq the same day, June 29, under the ticker “HONA,” while Honeywell will continue trading under “HON.”
Honeywell said when-issued trading for the aerospace shares is expected to begin on or about June 15 under “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.
The company also said it will carry out a 1-for-2 reverse stock split on June 29, once the spin-off is complete. That move will cut Honeywell’s issued and outstanding shares from about 634 million to about 317 million. At the same time, the number of authorized shares will be reduced from 2 billion to 1 billion.
Honeywell said no fractional shares will be issued in the reverse split. Fractional interests will be aggregated and sold, with affected shareowners receiving cash proceeds. Existing equity awards and shares under benefit plans will be adjusted proportionately. Following these announcements, the company's shares moved -1.69%, and are now trading at a price of $213.97. If you want to know more, read the company's complete 8-K report here.
