Dunbar Webster Roy 4
Research Summary
AI-generated summary
Johnson Controls Director Dunbar Roy Receives RSU Award; 1,115 Shares Withheld
What Happened Dunbar Webster Roy, a director of Johnson Controls International plc (JCI), was granted 1,285 restricted share units (RSUs) on March 4, 2026. To satisfy tax withholding related to that award, 1,115 shares were surrendered at an indicated value of $140.00 per share, totaling $156,100. The RSUs accrue dividend equivalents and will convert to ordinary shares upon vesting; the withholding reflects payment of the tax liability, not an open-market sale.
Key Details
- Transaction date: 2026-03-04 (filed 2026-03-06 — filed within the typical 2-business-day Form 4 window).
- Grant: 1,285 RSUs (code A) granted at $0.00 exercise price; these accrue dividend equivalents and convert to ordinary shares upon vesting (see footnote).
- Tax withholding/disposition: 1,115 shares withheld/disposed (code F) at $140.00 each, totaling $156,100.
- Net shares delivered to insider on vesting (1,285 granted minus 1,115 withheld): approximately 170 shares.
- Shares owned after transaction: not stated in the provided filing excerpt.
- Footnote: RSUs accrue dividend equivalents and convert to ordinary shares when they vest; the F code reflects shares surrendered to cover taxes.
Context This filing reflects an equity award and routine tax withholding rather than an open-market buy or a discretionary sale. Awards and associated withholdings are common for executive/director compensation and do not by themselves indicate a buy or sell sentiment. The transaction appears timely filed.