Form 4: Johnson Controls Executive Exercises Options and Sells Shares
SEC Form 4 Filing
Daniel C. McConeghy, VP Chief Accounting & Tax Officer of Johnson Controls International plc, exercised stock options and sold shares on May 10, 2024.
Summary
- On May 10, 2024, Daniel C. McConeghy, VP Chief Accounting & Tax Officer of Johnson Controls International plc, exercised employee stock options to acquire 7,077 ordinary shares at a price of $45.69 per share.
- Simultaneously, McConeghy sold 9,342 ordinary shares at a weighted average price of $65.5, with individual transactions ranging from $65.48 to $65.58.
- Following these transactions, McConeghy directly owns 25,378.42 ordinary shares and indirectly owns 2,491.39 shares through a 401k plan trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, neither inherently positive nor negative.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/10/2022 | Date employee stock option was exercisable |
| 05/10/2024 | Date of transaction: Exercise of stock options and sale of shares |
| 12/10/2030 | Expiration date of employee stock option |
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