Blackwell Jean 4
Research Summary
AI-generated summary
Johnson Controls Director Jean Blackwell Receives RSU Award, Sells Shares
What Happened
- Jean Blackwell, a director of Johnson Controls International plc (JCI), was granted 1,285 restricted share units (RSUs) on 2026-03-04 and 1,115 shares were disposed to cover tax withholding at $140.00 each, totaling $156,100.
- The RSUs were reported as acquired at $0.00 (grant). The withholding (coded F) reduced the shares delivered to the insider; net of the withholding, roughly 170 shares would be issued from this grant.
Key Details
- Transaction date: 2026-03-04; Form filed: 2026-03-06 (appears timely).
- Grant: 1,285 RSUs (code A) @ $0.00.
- Tax withholding/disposition: 1,115 shares (code F) @ $140.00 = $156,100.
- Shares owned after the transaction: not specified in the filing.
- Footnote: RSUs accrue dividend equivalent units and convert to ordinary shares upon vesting (footnote F1).
- Code F indicates shares were withheld/disposed to satisfy tax withholding — a routine administrative action, not an open-market sale.
Context
- This filing reflects an award (grant of RSUs) with shares withheld to cover taxes. Such withholding is common and typically does not signal the insider buying or selling stock for investment reasons.
- For retail investors, the key takeaway is a routine vesting/grant event with standard tax withholding; it is not an informed open-market purchase or deliberate large-scale sale.