Form 4: Johnson Controls EVP and CFO Marc Vandiepenbeeck Reports Stock Sale
SEC Form 4
Marc Vandiepenbeeck, EVP and CFO of Johnson Controls, reported selling 186 ordinary shares on March 20, 2024, at a price of $63.87 per share.
Summary
- On March 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 $63.87 per share.
- Following the transaction, Vandiepenbeeck directly owns 44,687 ordinary shares of Johnson Controls.
- The sale 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 regarding a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale by an executive could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold and the existence of a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 08/08/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 03/20/2024 | Date of stock sale transaction |
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