Form 4: JCI VP Sells Shares Under 10b5-1 Plan

Johnson Controls International's VP Chief Accounting & Tax Officer, Daniel C. McConeghey, sold 3,600 ordinary shares at a weighted average price of $142.56 per share under a pre-arranged trading plan.

Summary

• Daniel C. McConeghey, VP Chief Accounting & Tax Officer of Johnson Controls International plc (JCI), reported a sale of ordinary shares.
• The transaction involved the disposition of 3,600 ordinary shares.
• The shares were sold at a weighted average price of $142.56, with individual transaction prices ranging from $142.42 to $142.65.
• The transaction was executed on February 23, 2026, and was made pursuant to a Rule 10b5-1(c) trading plan.
• Following the sale, McConeghey beneficially owns 24,273.42 ordinary shares directly and 2,688.22 ordinary shares indirectly through a 401k plan trustee.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event because the sale was pre-planned under a 10b5-1 plan, indicating it's part of routine executive financial management rather than a reaction to new company-specific information.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale rather than an opportunistic one based on immediate insider information.

Negatives

• An insider sale, even if pre-planned, reduces the officer's direct equity stake in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales under 10b5-1 plans are common for executives to manage personal finances and diversify holdings, often pre-scheduled to avoid accusations of trading on material non-public information. This transaction is consistent with typical executive financial planning practices in the industry.

Related Party Transactions

• The sale of 3,600 ordinary shares by Daniel C. McConeghey, a VP Chief Accounting & Tax Officer, is considered a related party transaction due to his insider status.

Stakeholder Impact

• Shareholders: A minor reduction in the officer's direct ownership, but the overall impact on the company's share structure is negligible. The pre-planned nature mitigates concerns about opportunistic selling.
• Employees: No direct impact.
• Management: The officer's personal financial planning is being executed.

Key Dates

Recommendation

The transaction is a routine insider sale executed under a pre-planned 10b5-1 program. It does not signal any new material information about Johnson Controls International plc's operational performance or future prospects. Therefore, it provides no basis for altering an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Johnson Controls International, JCI, Form 4, insider trading, share sale, executive compensation, Daniel C. McConeghey, 10b5-1 plan, beneficial ownership