Form 4: Johnson Controls EVP and CFO Marc Vandiepenbeeck Sells 186 Shares
SEC Form 4
Marc Vandiepenbeeck, EVP and CFO of Johnson Controls, sold 186 ordinary shares at $70.5 on August 20, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 20, 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 $70.5 per share.
- The transaction was executed under a Rule 10b5-1 trading plan adopted on August 8, 2023.
- Following the transaction, Vandiepenbeeck directly owns 84,074.25 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding a share sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to have pre-arranged trading plans 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 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 |
| 08/20/2024 | Date of transaction (sale of shares) |
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