Schlitz Lei Zhang 4
4 · Johnson Controls International plc · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Johnson Controls (JCI) VP Lei Zhang Sells Shares, Exercises Options
What Happened
Lei Zhang, Vice President and President, Global Products & Solutions at Johnson Controls (JCI), exercised stock options and sold shares on May 8, 2026. Zhang exercised 37,753 options at $66.77 ($2,520,768) and 25,018 options at $53.52 ($1,338,963), for a total cash cost of about $3.86 million to acquire 62,771 shares. On the same day Zhang sold 88,809 shares in multiple open-market transactions, with aggregate proceeds of about $12.52 million (weighted-average sale prices reported).
Key Details
- Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (timely within the two-business-day reporting window).
- Option exercises (code M): 37,753 shares at $66.77 and 25,018 shares at $53.52 (total acquired 62,771 shares; total paid ≈ $3,859,731).
- Open-market sales (code S): total 88,809 shares for total proceeds ≈ $12,521,445. Individual reported weighted-average prices and associated sale blocks:
- 48,070 shares — weighted avg $141.07 (sales ranged $140.39–$141.38) [F1]
- 14,701 shares — weighted avg $141.55 (sales ranged $141.39–$142.05) [F2]
- 25,138 shares — weighted avg $140.51 (sales ranged $140.15–$141.13) [F3]
- 900 shares — weighted avg $141.27 (sales ranged $141.24–$141.37) [F4]
- The filing also lists two derivative-format dispositions at $0 for 37,753 and 25,018 shares; these reflect reporting details tied to the option exercises (the filing does not specify the operational reason for the $0 entries).
- Shares owned after the transactions are not shown in the summary provided here; see the full Form 4 for the reported beneficial ownership amount.
Context
- This pattern — exercising options and selling shares the same day — is commonly a cashless or immediate-sale exercise: the insider realizes gains from option exercise while converting some or all of the resulting shares to cash. The filing is factual and does not state Zhang’s motivation.
- Sales are routine insider transactions to monetize option gains or diversify; purchases are typically more indicative of a direct bullish signal.
Insider Transaction Report
Form 4
Schlitz Lei Zhang
VP & Pres, GP & Solutions
Transactions
- Exercise/Conversion
Ordinary Shares
2026-05-08$66.77/sh+37,753$2,520,768→ 120,850.12 total - Exercise/Conversion
Ordinary Shares
2026-05-08$53.52/sh+25,018$1,338,963→ 145,868.12 total - Sale
Ordinary Shares
[F1]2026-05-08$141.07/sh−48,070$6,781,235→ 97,798.12 total - Sale
Ordinary Shares
[F2]2026-05-08$141.55/sh−14,701$2,080,927→ 83,097.12 total - Sale
Ordinary Shares
[F3]2026-05-08$140.51/sh−25,138$3,532,140→ 57,959.12 total - Sale
Ordinary Shares
[F4]2026-05-08$141.27/sh−900$127,143→ 57,059.12 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2026-05-08−37,753→ 0 totalExercise: $66.77From: 2024-12-08Exp: 2032-12-08→ Ordinary Shares (37,753 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2026-05-08−25,018→ 25,018 totalExercise: $53.52From: 2025-12-18Exp: 2033-12-18→ Ordinary Shares (25,018 underlying)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $140.39 to $141.38 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $141.39 to $142.05 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $140.15 to $141.13 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $141.24 to $141.37 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Signature
/s/ Olga Brankov, attorney-in-fact|2026-05-12