Form 4: Johnson Controls Executive VP Sells Shares to Cover Tax Obligations

John Donofrio, Executive VP & General Counsel at Johnson Controls, sold 1,647 ordinary shares to cover tax obligations.

Summary

• John Donofrio, an Executive Vice President and General Counsel at Johnson Controls International plc, sold 1,647 ordinary shares on December 18, 2024.
• The sale was executed at a price of $78.82 per share.
• This transaction was done to cover tax obligations related to the vesting of shares.
• Following the transaction, Donofrio directly owns 48,142.371 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 to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares after they vest.

Comparison to Industry Standards

• Executive share sales are a common occurrence across publicly traded companies, particularly around vesting periods.
• The sale of 1,647 shares is relatively small compared to the total number of shares held by the executive, which is 48,142.371.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The share sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Johnson Controls, JCI, insider trading, share sale, executive, John Donofrio, Form 4, tax obligations