Form 4: Johnson Controls Executive Nathan Manning Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Nathan Manning, VP and President of BSNA at Johnson Controls, sold 1,422 ordinary shares at $86.23 per share on March 3, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 3, 2025, Nathan D. Manning, VP, President BSNA of Johnson Controls International plc, sold 1,422 ordinary shares of the company.
- The transaction was executed at a price of $86.23 per share.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on September 12, 2024.
- Following the transaction, Manning directly owns 146,924 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider share sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the insider is selling shares according to a pre-arranged schedule 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 existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 03/03/2025 | Date of transaction (sale of shares) |
| 03/04/2025 | Date of signature of the Form 4 filing |
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