Form 4: Johnson Controls EVP and CFO Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Marc Vandiepenbeeck, EVP and CFO of Johnson Controls, sold 186 ordinary shares at $77.47 per share on October 21, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On October 21, 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 $77.47 per share.
- Following the transaction, Vandiepenbeeck directly owns 83,330.25 ordinary shares.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 8, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any inside information.
Key Dates
| Date | Description |
|---|---|
| 2023-08-08 | Date of adoption of the Rule 10b5-1 trading plan |
| 2024-10-21 | Date of the share sale transaction |
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