Form 4: Johnson Controls Director Timothy Archer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Timothy Archer reports acquisition and disposal of Johnson Controls International plc ordinary shares.
Summary
- On March 13, 2024, Timothy Archer, a director of Johnson Controls International plc, reported changes in beneficial ownership of the company's ordinary shares.
- Archer acquired 2,889 ordinary shares through a grant of restricted share units.
- These restricted share units accrue dividend equivalent units and convert to ordinary shares upon vesting.
- Archer also disposed of 3,314 ordinary shares.
- Following these transactions, Archer beneficially owns 3,314 ordinary shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Positives
- The grant of restricted share units to a director aligns their interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions reported may provide stakeholders with insights into the director's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction: acquisition and disposal of ordinary shares |
| 03/14/2024 | Date of signature for the report |
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