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Johnson Controls CEO Oliver George sells $28.95m in stock

Johnson Controls International plc's CEO, Oliver George, sold approximately $28.95 million worth of company stock on November 15, 2023, as part of a pre-arranged trading plan. This sale involved 150,000 shares sold at an average price of $193.00 per share. The transaction was executed under a Rule 10b5-1 plan, which allows corporate insiders to set up a trading plan for selling stocks they own, providing a defense against accusations of insider trading. Johnson Controls, headquartered in Cork, Ireland, is a global leader in building products and technology, energy solutions, integrated infrastructure, and next-generation transportation systems. The company's stock has experienced a year-to-date increase of 11.6%, although it has seen a slight decline of 1.3% over the past month.

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[ https://www.msn.com/en-us/money/top-stocks/johnson-controls-ceo-oliver-george-sells-28-95m-in-stock/ar-AA1z5oRF ]