Cohade Pierre E 4
Research Summary
AI-generated summary
Johnson Controls (JCI) Director Pierre Cohade Receives RSU Award
What Happened
- Pierre E. Cohade, a director of Johnson Controls International plc (JCI), was granted 1,285 restricted share units (RSUs) on 2026-03-04. The filing also shows 1,115 ordinary shares were surrendered/withheld to cover tax liability at $140.00 per share, totaling $156,100. The RSUs accrue dividend equivalents and convert to ordinary shares upon vesting.
Key Details
- Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (timely).
- Award: 1,285 RSUs granted (code A). Grant reported at $0.00 per share on the form (typical for RSU grants; value realized upon vesting).
- Tax withholding: 1,115 shares withheld/disposed (code F) at $140.00 each = $156,100.
- Footnote: RSUs accrue dividend equivalents and convert to ordinary shares when they vest.
- Shares owned after transaction: not specified in the provided extract.
Context
- This is an award of restricted share units and a routine tax-withholding disposition, not an open-market purchase or sale by the director. Such withholdings are common when equity awards vest or are delivered and do not necessarily indicate the director's view on the stock.