Honeywell sets June 15 record date for Honeywell Aerospace spin-off, schedules reverse split for June 29

Honeywell has set a June 15, 2026 record date for the previously announced spin-off of its Honeywell Aerospace business, as the company lays out the final mechanics and timing for the separation. In a statement dated June 5, 2026, Honeywell said the distribution of Honeywell Aerospace shares is expected to occur at 12:01 a.m. New York City time on June 29, 2026, based on share ownership as of the close of business on the record date. Following the distribution, Honeywell Aerospace common stock is expected to begin trading on Nasdaq on June 29 under the ticker symbol “HONA,” while Honeywell will continue to trade under “HON.”

Honeywell said the distribution will be made pro rata to shareholders of Honeywell common stock. The expected distribution ratio is one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock held as of the record date. The company also described how its stock may trade leading up to the separation, saying Honeywell common shares are expected to trade “regular-way” under “HON” from the record date through the distribution date, but that a two-market structure is expected from June 15 through June 26, 2026. During that period, shares are expected to trade both with entitlement to receive the spin-off shares (under “HON”) and without that right on an “ex distribution” basis (under “HONIV”).

In the same announcement, Honeywell said it has determined to proceed with a 1-for-2 reverse stock split and a proportionate reduction in the number of shares of common stock authorized for issuance. A reverse stock split combines shares, reducing the total number of shares outstanding while (in general terms) leaving a shareholder’s economic interest proportionate to what it was before, with the share price adjusted accordingly. Honeywell said the reverse split is expected to become effective at 12:02 a.m. New York City time on June 29, 2026, and is subject to and contingent upon completion of the Honeywell Aerospace spin-off.

Honeywell said the planned reverse split would reduce the number of issued and outstanding Honeywell common shares from approximately 634 million to approximately 317 million. It also said the number of shares authorized for issuance would be reduced from 2 billion to 1 billion, while the par value of Honeywell common stock would not change. The company added that no fractional shares would be issued in connection with the reverse split. Instead, Honeywell’s transfer agent is expected to aggregate fractional shares into whole shares, sell those shares in the open market, and distribute cash payments to shareholders who would have received fractional shares, after the sale proceeds are converted into cash.

Honeywell said completion of the spin-off is conditioned on customary factors, including that the board has declared the distribution as set forth in a Separation and Distribution Agreement filed with the SEC as part of the registration statement on Form 10. The company also said the spin-off is expected to be tax-free to Honeywell shareholders for U.S. federal income tax purposes, except for cash that shareholders may receive in lieu of fractional shares.

Honeywell’s announcement included remarks from leadership at both the parent and the aerospace unit. Jim Currier, president and CEO of Honeywell Aerospace, said the separation is intended to create a “standalone pure-play” aerospace platform that can accelerate innovation and help the business capitalize on commercial and defense opportunities. Honeywell Chairman and CEO Vimal Kapur said the move is part of Honeywell’s broader portfolio transformation and is designed to help both businesses create value as independent companies.

The reverse stock split rationale has been discussed in earlier filings. In Honeywell’s 2026 proxy statement, the board said the purpose of the reverse split is to increase Honeywell’s per-share trading price after the spin-off, to better align with the per-share price range of comparable peer companies by market capitalization, and to improve the marketability and interest in Honeywell shares. The proxy also notes that the reverse split may not produce a permanent increase in per-share price and could increase the number of shareholders holding “odd lots,” which can affect ease and cost of selling shares.

While Honeywell provided expected dates and trading-ticker mechanics, the company did not in this announcement specify any new independent approval timeline or whether delays in the spin-off could change the effective date of the reverse split. The reverse split was described as contingent on completion of the Honeywell Aerospace spin-off, meaning the June 29 timing is still subject to the separation meeting its stated conditions and any additional customary approvals. Shareholders also may want to review the company’s detailed disclosure in its SEC filings for any company-by-company or jurisdiction-specific implications that are not contained in a short market update.

Next for investors and market participants is the transition period built into the schedule. Honeywell expects “when-issued” trading for Honeywell Aerospace shares beginning on or about June 15 under “HONAV,” followed by regular-way trading of Honeywell Aerospace on June 29 under “HONA,” and the reverse split becoming effective at 12:02 a.m. the same day. Traders are likely to watch volume and pricing around the June 15 to June 26 window when the “regular-way” and “ex distribution” ticker listings are expected to run in parallel, as the market prices in entitlement to the spin-off.