Form 4: Johnson Controls Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
A Johnson Controls executive, Lei Zhang Schlitz, sold 3,442 ordinary shares to cover tax obligations related to stock awards.
Summary
- Lei Zhang Schlitz, a VP & President at Johnson Controls, sold 3,442 ordinary shares on November 14, 2024.
- The shares were sold at a price of $81.54 per share.
- This transaction was to cover tax obligations related to stock awards.
- Following the transaction, Mr. Schlitz directly owns 119,370.25 ordinary shares.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications.
Industry Context
This is a routine transaction for executives who receive stock-based compensation, and is not unusual in the broader market.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are common across publicly traded companies.
- Similar transactions are regularly reported by executives at companies like Honeywell, Siemens, and Schneider Electric.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale by an executive.
Key Dates
| Date | Description |
|---|---|
| 11/14/2024 | Date of the share sale transaction. |
| 11/18/2024 | Date the form was signed by attorney-in-fact. |
Keywords
Johnson Controls, insider trading, stock sale, executive, share transaction, tax obligations, JCI
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