Form 4: Johnson Controls EVP and CFO, Marc Vandiepenbeeck, Reports Stock Sale
SEC Form 4
Marc Vandiepenbeeck, EVP and CFO of Johnson Controls, reported the sale of 186 ordinary shares on June 20, 2024, at a price of $68.96 per share.
Summary
- On June 20, 2024, Marc Vandiepenbeeck, the EVP and CFO of Johnson Controls International plc, sold 186 ordinary shares of the company.
- The transaction was executed at a price of $68.96 per share.
- Following the reported transaction, Vandiepenbeeck beneficially owns 43,811.25 ordinary shares.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on August 8, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a routine disclosure of a stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications.
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.
Key Dates
| Date | Description |
|---|---|
| 08/08/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 06/20/2024 | Date of stock sale transaction |
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