Johnson Controls International plc DEF 14A Filing

Ticker: JCI · Form: DEF 14A · Filed: Jan 19, 2024 · CIK: 833444

Johnson Controls International PLC DEF 14A Filing Summary
FieldDetail
CompanyJohnson Controls International PLC (JCI)
Form TypeDEF 14A
Filed DateJan 19, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$1.6 billion, $15 million
Sentimentneutral

Complexity: moderate

Sentiment: neutral

Topics: DEF 14A, Johnson Controls, Executive Compensation, Stock Awards, Proxy Statement

TL;DR

<b>Johnson Controls International plc files its Definitive Proxy Statement for the fiscal year ending September 30, 2023.</b>

AI Summary

Johnson Controls International plc (JCI) filed a Proxy Statement (DEF 14A) with the SEC on January 19, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for Johnson Controls International plc. The reporting period for the proxy statement is for the fiscal year ending September 30, 2023. The filing includes data related to stock and option awards for both PEO and Non-PEO members. It details changes in the fair value of outstanding unvested stock and option awards. The document also covers actuarial present value of accumulated benefit and pension plan costs.

Why It Matters

For investors and stakeholders tracking Johnson Controls International plc, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, stock awards, and pension benefits, enabling informed voting decisions. The detailed breakdown of stock and option award values, including changes and forfeitures, offers insight into the company's incentive structures and potential future dilution.

Risk Assessment

Risk Level: low — Johnson Controls International plc shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

Analyst Insight

Review the executive compensation details and stock award valuations to understand potential impacts on shareholder value and dilution.

Key Numbers

  • 2024-03-13 — Conformed Period of Report (Fiscal year end)
  • 2024-01-19 — Filed as of Date (Date of filing)
  • 0930 — Fiscal Year End (Company's fiscal year end month and day)

Key Players & Entities

  • Johnson Controls International plc (company) — Filer of the DEF 14A
  • TYCO INTERNATIONAL plc (company) — Former name of Johnson Controls International plc
  • TYCO INTERNATIONAL LTD (company) — Former name of Johnson Controls International plc

FAQ

When did Johnson Controls International plc file this DEF 14A?

Johnson Controls International plc filed this Proxy Statement (DEF 14A) with the SEC on January 19, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Johnson Controls International plc (JCI).

Where can I read the original DEF 14A filing from Johnson Controls International plc?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Johnson Controls International plc.

What are the key takeaways from Johnson Controls International plc's DEF 14A?

Johnson Controls International plc filed this DEF 14A on January 19, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for Johnson Controls International plc.. The reporting period for the proxy statement is for the fiscal year ending September 30, 2023.. The filing includes data related to stock and option awards for both PEO and Non-PEO members..

Is Johnson Controls International plc a risky investment based on this filing?

Based on this DEF 14A, Johnson Controls International plc presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

What should investors do after reading Johnson Controls International plc's DEF 14A?

Review the executive compensation details and stock award valuations to understand potential impacts on shareholder value and dilution. The overall sentiment from this filing is neutral.

How does Johnson Controls International plc compare to its industry peers?

Johnson Controls International plc operates in the building efficiency and industrial refrigeration equipment sector.

Are there regulatory concerns for Johnson Controls International plc?

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934, mandating public companies to provide detailed information to shareholders before annual meetings.

Industry Context

Johnson Controls International plc operates in the building efficiency and industrial refrigeration equipment sector.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934, mandating public companies to provide detailed information to shareholders before annual meetings.

What Investors Should Do

  1. Analyze executive compensation packages and stock award details.
  2. Review shareholder proposals and voting recommendations.
  3. Assess the company's corporate governance practices outlined in the filing.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document. Specific comparative data from the previous filing is not directly extractable from this header information.

Filing Stats: 4,430 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2024-01-19 16:06:21

Key Financial Figures

  • $1.6 billion — capital to shareholders, deploying over $1.6 billion in cash through dividends and share rep
  • $15 million — hip Program is on track to donate up to $15 million by the end of 2026 to expand access to

Filing Documents

Executive Compensation Tables

Executive Compensation Tables 68 Summary Compensation Table 68 Grants of Plan-Based Awards Table 70 Outstanding Equity Awards Table 71 Option Exercise and Stock Vested Table 73 Non-Qualified Deferred Compensation Table 73 Potential Payments upon Termination and Change-in-Control 74 CEO Pay Ratio 76 Pay Versus Performance Disclosure 77 The Annual General Meeting Questions and Answers 81 Annex A: Non-GAAP Reconciliations A-1 Unless we have indicated otherwise in this Proxy Statement, references to the "Company," "Johnson Controls," "we," "us," "our" and similar terms refer to Johnson Controls International plc and its consolidated subsidiaries. 2024 Notice and Proxy Statement i Table of Contents P ROXY S UMMARY This proxy summary is intended to provide a broad overview of our 2023 performance, corporate governance and compensation highlights. As this is only a summary, we encourage you to read the entire Proxy Statement for more information prior to voting. Annual General Meeting of Shareholders Date and Time 3:00 pm, local time March 13, 2024 Place The Merrion Hotel 24 Upper Merrion Street Dublin 2, Ireland Record Date January 8, 2024 Admission . All shareholders are invited to attend. Registration will occur on day of meeting. Your vote is important and we encourage you to submit your proxy as soon as possible so that your shares will be represented at the meeting. This can be done in advance of the Annual General Meeting by availing of one of the voting options detailed in this Proxy Statement. In addition, details of the business to be presented at the meeting can also be found in this Proxy Statement. Meeting Agenda and Voting Matters Proposal Board's Voting Recommendation Page Reference No. 1 Election of Directors FOR (each nominee) p. 9 No. 2 Ratify appointment of independent auditors and authorize audit committee to set auditors' remuneration FOR (both 2(a) and

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