Recently, Johnson Controls International plc (NYSE:JCI), a $55.5 billion building products company, disclosed a stock transaction involving its Executive Vice President and Chief Financial Officer, Marc Vandiepenbeeck. Vandiepenbeeck sold 186 shares of common stock for $83.64 per share on Dec. 3, 2024, for a total of $15,557, according to the filing. The sale was made under a pre-established 10b5-1 trading plan. The deal comes as the stock trades near a 52-week high of $87.16 and has returned a whopping 55.5% over the past year. Based on InvestingPro’s analysis, the stock appears fairly valued at current levels.
In addition to the stock sale, Vandiepenbeeck acquired 9,860 shares of common stock through restricted stock unit grants on Dec. 2, 2024. The stock units will be unlocked in three equal installments over the next three years, subject to certain conditions being met.
In addition, Vandiepenbeeck was granted 33,482 employee stock options that will vest in two phases over the next three years.