Form 4: Johnson Controls' Chairman & CEO, George Oliver, Executes Stock Options and Sells Shares
SEC Form 4 Filing
Chairman and CEO of Johnson Controls, George Oliver, exercised stock options and sold a portion of his holdings in ordinary shares on February 6th and 7th, 2025.
Summary
- George Oliver, Chairman & CEO of Johnson Controls International plc, engaged in transactions involving the company's ordinary shares on February 6th and 7th, 2025.
- On February 6th, 2025, Oliver exercised options to acquire 205,168 ordinary shares at a price of $37.36 per share and sold 163,076 shares at a weighted average price of $85.99.
- Additionally, on February 6th, 2025, he sold 42,092 shares at a weighted average price of $86.89.
- On February 7th, 2025, Oliver exercised options to acquire 131,711 shares at $37.36 per share and 73,457 shares at $33.39 per share.
- He also sold 200,274 shares at a weighted average price of $88.02 and 4,894 shares at a weighted average price of $88.57 on February 7th, 2025.
- Following these transactions, Oliver directly owns 1,260,526.93 ordinary shares and indirectly owns 108,483 shares through a GRO Sr. 5 Year GRAT and 69,866 shares through the Oliver Family Trust (SLAT).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the actions of Johnson Controls' top executive. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- Shareholders may interpret the transactions as a routine part of executive compensation and financial planning.
- The transactions provide transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 12/07/2019 | Date when employee stock options become exercisable (50% on the second anniversary, remaining 50% on the third anniversary). |
| 12/06/2020 | Date when employee stock options become exercisable (50% on the second anniversary, remaining 50% on the third anniversary). |
| 02/06/2025 | Date of first reported transaction: exercise of stock options and sale of ordinary shares. |
| 02/07/2025 | Date of second reported transaction: exercise of stock options and sale of ordinary shares. |
| 12/07/2027 | Expiration date of employee stock options. |
| 12/06/2028 | Expiration date of employee stock options. |
Keywords
Johnson Controls, George Oliver, stock options, share sales, Form 4, insider trading, JCI
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