Form 4: Johnson Controls EVP and CFO, Marc Vandiepenbeeck, Reports Changes in Beneficial Ownership

Marc Vandiepenbeeck, EVP and CFO of Johnson Controls, reports the acquisition of 40,789 ordinary shares and the disposal of 84,446.25 ordinary shares on August 2, 2024.

Summary

• On August 2, 2024, Marc Vandiepenbeeck, the EVP and CFO of Johnson Controls International plc, reported changes in beneficial ownership.
• He acquired 40,789 ordinary shares through a grant of restricted share units.
• He disposed of 84,446.25 ordinary shares.
• Following these transactions, Vandiepenbeeck beneficially owns 84,446.25 ordinary shares.
• The restricted share units vest on the second anniversary of the grant date and accrue dividend equivalent units.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into executive transactions.

Positives

• The grant of restricted share units to the EVP and CFO aligns his interests with those of the shareholders.

Future Outlook

The restricted share units will vest on the second anniversary of the grant date, converting to ordinary shares.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Johnson Controls.

Stakeholder Impact

• Shareholders are informed about the transactions of a key executive, providing transparency into management's holdings.

Key Dates