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 the sale of 186 ordinary shares at $63.70 per share on April 22, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On April 22, 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 $63.70 per share.
- The transaction was executed under a Rule 10b5-1 trading plan adopted on August 8, 2023.
- Following the transaction, Vandiepenbeeck directly owns 44,315 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction. It is common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 08/08/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 04/22/2024 | Date of transaction (share sale) |
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