Form 4: Johnson Controls EVP and CFO Marc Vandiepenbeeck Reports Share Sale

Marc Vandiepenbeeck, EVP and CFO of Johnson Controls, reported the sale of 186 ordinary shares at a price of $76.3 per share on October 3, 2024, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 3, 2024, Marc Vandiepenbeeck, the EVP and CFO of Johnson Controls International plc, sold 186 ordinary shares of the company.
• The shares were sold at a price of $76.3 per share.
• The transaction was executed under a Rule 10b5-1 trading plan adopted on August 8, 2023.
• Following the transaction, Vandiepenbeeck directly owns 83,516.25 ordinary shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard disclosure of an insider transaction under a pre-arranged trading plan. It doesn't inherently indicate positive or negative news about the company.

Industry Context

This is a routine disclosure of an insider transaction. It's common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates