Form 4: Johnson Controls Executive Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Nathan D. Manning, COO of Global Field Operations at Johnson Controls, sold 1,168 ordinary shares under a pre-arranged 10b5-1 trading plan.
Summary
- On June 3, 2024, Nathan D. Manning, the COO of Global Field Operations at Johnson Controls International plc, sold 1,068 ordinary shares at a weighted average price of $71.26.
- An additional 100 ordinary shares were sold on the same day at a price of $72.2.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on January 31, 2024.
- Following these sales, Manning directly owns 105,723.35 ordinary shares of Johnson Controls International plc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions were executed under a pre-arranged trading plan, and there is no indication of any significant positive or negative implications.
Industry Context
Insider trading activity is closely monitored by investors as it can provide insights into management's perspective on the company's valuation and future prospects. Sales under a 10b5-1 plan are generally less indicative of immediate sentiment as they are pre-arranged.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 06/03/2024 | Date of share sale transactions |
| 06/04/2024 | Date of Form 4 filing |
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