Form 4: Johnson Controls EVP Marlon Sullivan Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Marlon Sullivan, EVP and CHRO of Johnson Controls International plc, disposed of 4,460 ordinary shares on September 30, 2024, to cover tax obligations.
Summary
- On September 30, 2024, Marlon Sullivan, the EVP and CHRO of Johnson Controls International plc, disposed of 4,460 ordinary shares.
- The transaction was executed at a price of $77.61 per share.
- Following the transaction, Sullivan beneficially owns 31,529.81 ordinary shares directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction appears to be a routine disposal of shares for tax purposes.
Industry Context
Executive share disposals are a common occurrence, often related to tax obligations or portfolio diversification. The market typically analyzes these transactions to gauge insider sentiment, although disposals for tax purposes are generally viewed as routine.
Stakeholder Impact
- The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the context.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Disposal of 4,460 ordinary shares. |
| 10/01/2024 | Date of signature by attorney-in-fact. |
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