Honeywell Aerospace (HONA) from Honeywell International (HON) - June 2026

Honeywell International completed the spinoff of Honeywell Aerospace before markets opened on 29 June 2026. Honeywell International shareholders received 0.5 shares of HONA for each share of HON owned. Honeywell Aerospace began trading on 29 June 2026. Honeywell Aerospace traded “when issued” under the ticker symbol HONAV before the spinoff distribution. Immediately after the spinoff, Honeywell International changed its name to Honeywell Technologies and completed a 1 for 2 reverse stock split.

 

Resolution:

The Honeywell Aerospace Form 10 registration filing with the SEC has the tax discussion of this spinoff. The Form 10 is included as Exhibit 99.1 in the Form 8-K filed with the SEC on 15 June 2026. The exhibit 99.1 can be found at the EDGAR site at this address: https://www.sec.gov/Archives/edgar/data/2089271/000162828026043193/exhibit991-informationstat.htm  The cost basis allocation information is calculated from the average of the open and close prices of HONA and HON on the first trading day for HONA, 29 June 2026. No IRS Form 8937 was available when these instructions were written.

This spinoff can be entered in myICLUB using the security spinoff transaction. This will be followed by a Security name change transaction for Honeywell International and a stock split transaction for Honeywell Technologies.

NOTE:

The cost basis allocation is dependent on the prices used for both Honeywell Aerospace and Honeywell International in the cost basis allocation calculations. In our experience brokers tend to use the prices found in the guidance companies post on their websites including IRS form 8937. If available, our instructions will use the guidance in form 8937. If your broker does not use that guidance, or form 8937 is not publicly available, the cost basis of the companies involved as recorded in your accounting records and in your broker’s records may not match. This is not cause for concern. This is just due to the inexact nature of the tax code in this regard. Partnership tax returns have specific areas to reconcile these usually small differences. ICLUBcentral tax printer software automatically fills in these adjustments in the normal operation of the software using the data imported from your accounting records and that you enter from your 1099.

 

 The Spinoff Entry

Go to Accounting > Securities > Spinoff in myICLUB.com. If you are unfamiliar with spinoff transactions you can get help at this URL: https://www.myiclub.com/faq/article.aspx?id=54

Here is the information you need to complete the spinoff.

 

Step 1

  • Date: 6/28/2026
  • Parent Company : Honeywell International (HON)
  • Number of daughter companies : 1

Step 2

  • Choose the radio button option for Remaining Basis Percentage: 50.95 (calculated from prices on 29 June 2026)
  • Symbol of new company : HONA
  • Shares received : (0.5 x # of HON shares owned on 15 June 2026)
    • Include fractional part, if any. For example, if you owned 100 HON shares, enter 50 (100 x 0.5)
  • Price Per Share : 225.70   (average of open and close price)                        
  • Cash received:  See your broker statement for cash-in-lieu received

 

Click Submit to save the transaction and the spinoff has been entered.

Please be sure to use the # of HON shares owned before the 1 for 2 stock split when calculating the HONA shares received. The record date for the spinoff was BEFORE the stock split.

 

The Honeywell International Name Change entry

  • Go to Accounting > Securities > Security Setting
  • Click the pencil/edit button next to the listing for Honeywell (HON)
  • In the Company Name field, change the name from Honeywell International to Honeywell Technologies.
  • Click Submit to save the change.

 

 

The Honeywell Technologies reverse stock split

Go to Accounting > Securities > Stock split

Step 1

  • Date: 6/29/2026
  • Symbol: HON

Step 2

  • Split ratio: 1 for 2
  • Cash for fractional shares: See broker statement for cash-in-lieu.

Click Submit to save the stock split.