Form 4: Johnson Controls COO Nathan Manning Sells Shares Under 10b5-1 Trading Plan

Nathan Manning, COO of Global Field Operations at Johnson Controls, sold a portion of his ordinary shares on August 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 1, 2024, Nathan Manning, the COO of Global Field Operations at Johnson Controls International plc, sold ordinary shares of the company.
• The sales were executed under a Rule 10b5-1 trading plan adopted on January 31, 2024.
• Two transactions occurred: one involving 967 shares sold at a weighted average price of $70.4, and another involving 200 shares sold at a weighted average price of $72.21.
• Following these transactions, Manning directly owns 103,865.86 ordinary shares of Johnson Controls International plc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share sales by an insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on material non-public information. The use of a 10b5-1 plan provides a legal framework for insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The share sales may have a minor impact on shareholders, potentially causing a slight decrease in share price due to increased selling pressure, although the impact is likely minimal given the relatively small number of shares sold.

Key Dates