Vergnano Mark 4

What Happened

• Mark Vergnano, a director of Johnson Controls International plc (JCI), received a grant of 1,285 restricted share units (RSUs) on 2026-03-04. The filing shows a concurrent withholding of 1,115 shares to satisfy a tax liability, recorded as disposed at $140.00 per share for $156,100. The RSUs were reported at $0.00 (typical for awards), implying an approximate market value of 1,285 × $140 ≈ $179,900; net shares delivered after withholding were 170.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely).
• Award: 1,285 RSUs granted (code A) recorded at $0.00.
• Tax withholding: 1,115 shares withheld/disposed (code F) at $140.00 each = $156,100.
• Net shares retained by insider (per filing math): 170 shares (1,285 − 1,115).
• Footnote: RSUs accrue dividend equivalent units and convert to ordinary shares upon vesting.
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context

• This was an equity award with shares withheld to cover tax obligations—not an open-market sale. Withholding of shares for taxes is a common, routine administrative action and doesn’t necessarily indicate a change in insider sentiment.