There's a lot of talk about growing share price of Honeywell Aerospace. Does that mean remaining Honeywell will take a beating such that it affects 401(k) and other benefits? Would we bear the brunt of the remaining company and how would non-Aero people be affected?
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@1kp: If you currently have HON stock in your 401k you can move it to one of the other funds now and you don't have to worry about the transition to Solstice stock.
Are you allowed to sell Solstice stock immediately after grant? Are there rules?
This stupid voice typing. What I was trying to say. If there's a massive sell-off, you won't be able to sell. This is why I'm rolling over my 401k to a IRS.
Misspelled. What I was trying to say if there was a major sell off, I won’t be affected.
I’m not gonna be like Resido. They froze their stock for 24 months. If this is wrong, tell me the real timeframe.
What I read. When they first started trading it was at $28 per share. Within 18 months, it dropped to $3.21 a share.
If this information is not correct, or you can correct me, so what I’m gonna do. I’m taking all my money out of my 401(k) and rolling it into a rollover IRS account. Then I won’t be frozen.
What I’ve been reading is I can invest more money into this account. The amount won’t be tax exempt from my paycheck. I also won’t get a company match. Who cares about this. Most of my money will be protected. I will not be frozen.
I get to pick my own stock. The rollover stuff does not get taxed. I can sell and reinvest in new stock. I don’t get taxed. As long as I don’t take it out of the account that it’s in.
If this is true, I’ll be able to invest in any stock I want. Honeywell will not be able to force me to not be able to sell my stock for 18 months. Which is important to me. I will not be frozen by Honeywell policies.
I hope you guys remember this is gonna happen three times. So if you’re frozen for 24 months or even 12 months. If it goes sour, you can’t sell. You won’t be able to sell. If I made your sell off happens. You’ll watch a stock drop, and there’s not a damn thing you can do about it. Until the timeframe is over, not letting this happen. I’m older worker so I’m not going for the ride.
The young people. They will tell you that you won’t get a company match and when you’re invest in this account. The money you’re putting in it isn’t tax exempt. Big deal!
If Elliot management‘s plan does not come true, you could lose a lot of money. Good luck to my fellow Honeywell employees on their decisions. I’m playing it safe.
Should we keep the stock until the split and then sell? Would there be an uplift with the Aero spinoff?
If vp bonus is based on stock price they will find some shell game or accounting tricks to keep it up
You'd have to be a mo--n if you kept your 401k funds in HON having an inside view into how the company is being run.
If you have at least three years of service you become fully vested and can move your 401k balance to any of the other available funds besides HON. You do not have to be invested in HON stock when fully vested.
HON stock is down 7% and S&P 500 is up 13% YTD respectively. It doesn't take a rocket scientist to figure out there are better investment options for your 401k.
I think the stock price will triple just like our national debt
@db Does that benefit us directly? Or is that independent?
There is quantum company IPO to move price up ?
Dive dive dive