Form 4: Johnson Controls EVP and CFO Marc Vandiepenbeeck Reports Stock Sale
SEC Form 4 Filing
Marc Vandiepenbeeck, EVP and CFO of Johnson Controls, reported the sale of 186 ordinary shares on July 22, 2024, at a price of $69.64 per share.
Summary
- On July 22, 2024, Marc Vandiepenbeeck, the EVP and CFO of Johnson Controls International plc, sold 186 ordinary shares of the company.
- The sale was executed at a price of $69.64 per share.
- Following the transaction, Vandiepenbeeck directly owns 43,439.25 ordinary shares.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 8, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing for an insider stock sale. 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 (Rule 10b5-1) 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
| Date | Description |
|---|---|
| 08/08/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 07/22/2024 | Date of stock sale transaction |
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