The HON spin-off is expected to show up in your portfolio on June 29, 2026 , with Honeywell Aerospace set to separate into HONA and HON undergoing the related reverse split around that time. The “zero price” usually means the new security is present as a placeholder or when-issued position, but the final market price hasn’t been assigned in your broker yet.

What’s happening

Honeywell announced that shareowners of record on June 15, 2026, were expected to receive one HONA share for every HON share held, with distribution expected on June 29, 2026. A related reverse stock split is also scheduled to take effect as part of the separation.

Why you see zero price

Brokerages often display newly created or pending spin-off securities with a zero price until the distribution, assignment, and pricing data fully propagate through clearing and market systems. That does not necessarily mean the shares are missing; it usually means the position has been created but not fully processed yet.

What to do

  • Wait until after market processing on June 29 and into the next trading day.
  • Check whether the new ticker appears as a separate line item, likely HONA or a when-issued variant.
  • If the zero price is still there after settlement, contact your broker and ask whether the spin-off shares are still in transit.

Practical note

If you held HON on the record date, you should expect the new shares to appear automatically once the corporate action is fully booked. The key thing is that the position may show before the price does, especially during a spin-off transition.

Would you like a plain-English breakdown of what HONA and the HON reverse split mean for your share count?