HON completes Solstice Advanced Materials (SOLS) spin-off distribution
Rhea-AI Filing Summary
Honeywell International Inc. reported the completion of the spin-off of Solstice Advanced Materials Inc. (SOLS) by distributing all 158,727,456 SOLS common shares as a pro rata dividend of one SOLS share for every four Honeywell shares held by record holders as of October 17, 2025. The distribution occurred on October 30, 2025, resulting in Honeywell disposing of its entire SOLS stake.
A recapitalization on October 24, 2025 increased SOLS outstanding shares from 158,724,140 to 158,727,456 under an amended and restated certificate of incorporation. The filing states this recapitalization was exempt under Rules 16a-9 and 16b-7 and did not change Honeywell’s pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Spin-off completed via in-kind dividend; Honeywell exits SOLS.
Honeywell distributed all 158,727,456 shares of SOLS on October 30, 2025 as an in-kind, pro rata dividend of one SOLS share for every four Honeywell shares held as of October 17, 2025. This reflects a separation of SOLS from Honeywell with no stated cash consideration.
Prior to distribution, a October 24, 2025 recapitalization increased SOLS outstanding from 158,724,140 to 158,727,456. The disclosure cites exemptions under Rules 16a-9 and 16b-7 and notes no change in Honeywell’s pecuniary interest from the recapitalization.
Post-distribution, Honeywell reports disposing of all SOLS common stock. Subsequent filings may provide additional details on SOLS trading dynamics and any ongoing relationships, if any.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.01 | 158,727,456 | $0.00 | -- |
Footnotes (1)
- On October 30, 2025, Honeywell International Inc. ("Honeywell") disposed of all 158,727,456 issued and outstanding shares of common stock, par value $0.01 per share (the "SOLS Common Stock"), of Solstice Advanced Materials Inc., a Delaware corporation ("SOLS"), by distributing a pro rata dividend to Honeywell shareowners of one share of SOLS Common Stock for every four shares of Honeywell Common Stock, par value $1.00 per share, held by each holder of record as of the close of business on October 17, 2025, to effect the previously announced spin-off of SOLS from Honeywell. On September 30, 2025, Honeywell reported that it owned 158,724,140 shares of SOLS Common Stock, which at the time constituted all the issued and outstanding shares of SOLS Common Stock. Pursuant to an amended and restated certificate of incorporation of SOLS filed with the Secretary of State of the State of Delaware on October 24, 2025, the 158,724,140 shares of SOLS Common Stock were automatically converted into an aggregate of 158,727,456 shares of SOLS Common Stock (the "Recapitalization"). The Recapitalization was exempt pursuant to Rules 16a-9 and 16b-7 under the Exchange Act and did not result in a change in the pecuniary interest of Honeywell in SOLS.