Form 4: Johnson Controls Director Kotagiri Receives Stock Grant
SEC Form 4 Filing
Director Seetarama Kotagiri of Johnson Controls International plc received 2,889 ordinary shares as a grant on March 13, 2024.
Summary
- On March 13, 2024, Seetarama Kotagiri, a director at Johnson Controls International plc, acquired 2,889 ordinary shares.
- The acquisition was a grant, with the price per share being $0.
- Following the transaction, Kotagiri directly owns 2,889 ordinary shares.
- The grant consisted of restricted share units that accrue dividend equivalent units and convert to ordinary shares upon vesting.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders.
Positives
- The grant of restricted share units to a director aligns their interests with those of the shareholders.
Industry Context
This is a routine disclosure related to executive compensation and is common in publicly traded companies.
Stakeholder Impact
- The stock grant could have a slightly positive impact on shareholder sentiment as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction: Seetarama Kotagiri acquired 2,889 ordinary shares. |
| 03/14/2024 | Date of signature: Form 4 signed by attorney-in-fact Leanne Michels. |
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