I had $98,000. Company spun off. Now I have 48,000.
It shows I have nothing in Honeywell technologies. I only have money in Honeywell aerospace.
This is what did. You get one share of Honeywell aerospace for every two shares of Honeywell technology. Which gets this new total. However, I’m supposed to have the rest of the money in Honeywell technology. They don’t have a right to steal $50,000. This is a rough estimate.
If Honeywell would’ve gave out information correctly, when you call Fidelia investment. They tell you that Honeywell technology stocked that you have. It will not show up until July 1, 2026. If it doesn’t show up then, it will show up Friday, July 3, 2026.
I was right. You do have shares in Honeywell technology. Due to your account being frozen until that date and the reverse split. These shares will not show up in your 401(k) until then.
When you add up Honeywell technology and Honeywell aerospace technology. This will count for your missing money. You do have to remember that the stock has been trading for three days. So you could’ve lost some money, based on how dollars the shares have dropped.
Unfortunately, for us, Honeywell does not communicate. You shouldn’t have had to call Fidelity investments. They knew this was gonna happen. Yet! They never informed their employees.
Let me tell you guys something here. When a company gets spot off or a stock split occurs. You always have the same value.
Honeywell math is wrong. All the prophets and the amount you had in your 401K before the spin-off. It should have been the same price after the spin-off.
They got until after the holidays to get this craft together. Otherwise I'm going to the attorney general and getting a lawyer.
You work for Honeywell. Knowing what you know, why the heck would you hold any company stock??
@aw I bet the number of stocks will be based on the highest stock price yesterday when it is straightened out. What a way to cheat your loyal employees. It’s inexcusable this happened without informing 401K holders before hand.
@ae I did the same sold everything.
My 401k shows my hon balance about half of what it was on Friday, which I would expect with the 2 for 1 split. But there is no mention of hon aero in my positions. I spoke to a fidelity rep and they said it will be straightened out July 1. We will see.
@OP this happened to my account too!!
I work for a competitor. All the companies you sell to really do not like you. You act like a spoiled brat and thus we are taking business away from you. Good luck surviving.
Good luck, I saw that coming. Also, the crossover date in townhall stated 6/26, but 6/15 was the real date. I liquidated HON because 2 for 1 split would cut account almost in half. Now I will buy HONA, from cash sitting on the side.
What a crooked company. If they did this to everybody, they’re gonna have lots of extra money for quarterly result. I’m gonna call the Attorney General if they don’t fix this.