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 May 6, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 6, 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.
• A total of 2,300 shares were sold at a weighted average price of $62.72, with individual prices ranging from $62.17 to $63.16.
• An additional 700 shares were sold at a weighted average price of $63.3, with individual prices ranging from $63.21 to $64.20.
• Following these transactions, Manning still beneficially owns 106,891.35 ordinary shares of Johnson Controls.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting the sale of shares by an officer. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The share sales by a company executive could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this.

Key Dates