Form 4: Johnson Controls EVP and CFO Sells Shares Under 10b5-1 Trading Plan

Johnson Controls' EVP and CFO, Marc Vandiepenbeeck, sold 186 ordinary shares at $83.61 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Marc Vandiepenbeeck, the Executive Vice President and Chief Financial Officer of Johnson Controls International plc, sold 186 ordinary shares of the company.
• The sale occurred on November 20, 2024, at a price of $83.61 per share.
• The transaction was executed under a Rule 10b5-1 trading plan that was adopted on August 8, 2023.
• Following the transaction, Mr. Vandiepenbeeck directly owns 83,352.85 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's pre-planned stock sale. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their personal finances and avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies to manage their stock transactions.
• Similar filings are regularly made by executives at comparable companies such as Honeywell, Siemens, and Schneider Electric.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the pre-planned nature of the transaction mitigates any significant concerns.

Key Dates

Keywords

Johnson Controls, JCI, insider trading, Form 4, 10b5-1, share sale, executive, CFO, Marc Vandiepenbeeck