Form 4: Johnson Controls EVP and CFO Marc Vandiepenbeeck Reports Share Sale
SEC Form 4 Filing
Marc Vandiepenbeeck, EVP and CFO of Johnson Controls, reported selling 186 ordinary shares at $66.15 per share on July 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 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 $66.15 per share.
- The transaction was executed under a Rule 10b5-1 trading plan adopted on August 8, 2023.
- Following the transaction, Vandiepenbeeck directly owns 43,625.25 ordinary shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of a pre-planned stock sale by an executive.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023/08/08 | Date of adoption of Rule 10b5-1 trading plan |
| 2024/07/03 | Date of transaction: Sale of 186 ordinary shares |
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