That's different.
The head is obviously scrap metal
There is a better than average chance there will be a nice big hole in the piston to go with it and if you are really lucky a bent con rod just to round out the trilogy.
So you are right the engine is now spare parts.
It has dropped a valve, no surprise there.
Most likley cause would be a defect in the valve stem but I would need a macrograph ( fancy name for a close up picture ) of both ends of the valve stem .
I don't see any necking so fatigue would be the prime suspect but without a lot more information it is all guess work.
Over reving can accelerate fatigue failures as can over heating.
Too sharp a corner on the collet slot makes matters worse.
Post the full engine & mower numbers and that nice Mr Robert will let you know where you stand with Honda.
They take these sorts of failures very seriously.