Honeywell Technologies management check
HON · Industrials · Industrial Conglomerates · CEO Vimal Kapur
Filings as of
2 good · 2 to watch · 2 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $108, against $189 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.01 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
CEO stake ≈ 0.0 years of payThe CEO holds 2,337 shares, directly or through trusts (unvested awards not counted): about 0.0 years of pay. Light activity: no buys, $4.2m sold in six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -1.9% a year over the last three fiscal years. Stock-based pay was 0.5% of revenue in the latest year.
- Flag
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Darius Adamczyk, Vimal Kapur. 15 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 55 | |
| Pay for performance | 49 | 86 | |
| CEO cost | — | — | 48 |
| Skin in the game | 0 | 55 | |
| Dilution | 74 | 62 | |
| Stable leadership | 10 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Industrial Conglomerates, by management score. Honeywell Technologies is 80th of 81 in its sector.
- 396MMM3M54
- 416DDDuPont51
- 443AXONAxon Enterprise47
- 458LIILennox International44
- 470HONHoneywell Technologies39
- 486SWKStanley Black & Decker29
Pay versus performance
From the proxy statement filed April 10, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Vimal Kapur | $20.4m | $10.9m | $5.2m | $108 | $189 | — |
| 2024 | Vimal Kapur | $18.3m | $21.6m | $6.7m | $115 | $158 | — |
| 2023 | Vimal Kapur, Darius Adamczyk | $23.0m | $21.5m | $6.5m | $105 | $135 | — |
| 2022 | Darius Adamczyk | $25.4m | $36.7m | $8.3m | $105 | $114 | — |
| 2021 | Darius Adamczyk | $26.1m | $15.7m | $7.5m | $100 | $121 | — |
Its other key measures: Adjusted Earnings Per Share, Average Segment Margin, Free Cash Flow, Cumulative Revenue, Average Return on Investment, Relative Total Shareowner Return.
Insiders and the CEO's stake
Vimal Kapur (Chief Executive Officer) held 2,337 shares directly after their latest Form 4 on Jul 28, 2026, roughly $582k at that filing's price.
Light activity: no buys, $4.2m sold in six months.
- SoldKenneth J WestPres/CEO Process Technologies$4.2mAug 3, 2026
Leadership and governance on file
- Aug 19, 2026Leadership change8-K 5.02
- Jun 29, 2026Leadership change8-K 5.02
- Jun 15, 2026Leadership change8-K 5.02
- Jun 2, 2026Leadership change8-K 5.02
- Dec 10, 2025Leadership change8-K 5.02
- Nov 3, 2025Leadership change8-K 5.02
- Oct 16, 2025Leadership change8-K 5.02
- Aug 22, 2025Leadership change8-K 5.02
- May 28, 2025Leadership change8-K 5.02
- Apr 8, 2025Leadership change8-K 5.02
- Apr 1, 2025Leadership change8-K 5.02
- Feb 18, 2025Leadership change8-K 5.02
Latest shareholder vote results: May 27, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $30.8bn returned to owners in buybacks and dividends, 116% of net income, and $987.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $34.4bn | $35.5bn | $33.0bn | $34.7bn | $37.4bn |
| Net income | $5.5bn | $5.0bn | $5.7bn | $5.7bn | $4.7bn |
| Stock-based pay | $217.0m | $188.0m | $197.0m | $189.0m | $196.0m |
| Buybacks | $3.4bn | $4.2bn | $3.7bn | $1.7bn | $3.8bn |
| Dividends | $2.6bn | $2.7bn | $2.9bn | $2.9bn | $3.0bn |
| Diluted shares | 700m | 683m | 668m | 655m | 643m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.