Johnson Controls (JCI) VP Schlitz Lei Zhang Withholds 18,625 Shares for Taxes

What Happened

• Schlitz Lei Zhang, VP & Pres, GP & Solutions at Johnson Controls (JCI), had 18,625 shares disposed on 2026-08-02 to satisfy tax obligations related to an equity award or option exercise.
• The shares were recorded at $146.66 each, totaling $2,731,543. The transaction is coded "F" on the Form 4, indicating tax withholding rather than an open-market sale.

Key Details

• Transaction date and price: 2026-08-02 — 18,625 shares @ $146.66 per share (total $2,731,543).
• Transaction type/code: F — Payment of exercise price or tax liability (shares withheld/surrendered to cover taxes).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing date: 2026-08-04 (filed two days after the transaction) — appears to be timely.
• No 10b5-1 plan, late filing flag, or other special footnotes were provided in the supplied details.

Context

• Code F transactions are typically the company withholding or the insider surrendering shares to cover taxes when equity awards vest or options are exercised. This is a routine administrative step and does not necessarily signal a deliberate investment decision to sell shares on the open market.
• For retail investors, tax-withholding dispositions are less informative about insider sentiment than open-market purchases or sales.