George Oliver, Chairman & CEO at Johnson Controls Intl (NYSE:JCI), reported a large exercise of company stock options on December 20, according to a new SEC filing.
What Happened: Disclosed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, Oliver, Chairman & CEO at Johnson Controls Intl, executed a strategic derivative sale. This involved exercising stock options for 0 shares of JCI, resulting in a transaction value of $0.
During Wednesday's morning session, Johnson Controls Intl shares down by 1.15%, currently priced at $53.5. Considering the current price, Oliver's 0 shares have a total value of $0.
All You Need to Know About Johnson Controls Intl
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
Johnson Controls Intl's Financial Performance
Revenue Growth: Johnson Controls Intl's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the ...