This is a routine compensation filing with no immediate trading signal. Monitor JCI's quarterly results for progress toward the undisclosed sales and market cap goals, which could indicate management's confidence in the growth trajectory. The five-year horizon means any stock price impact from this program will be gradual and contingent on execution.
Price Chart
Executive Summary
Johnson Controls adopted a new long-term Value Growth Incentive (VGI) Program on May 11, 2026, granting performance-based stock options to key executives including the CEO, CFO, and CHRO. The program ties vesting to aggressive net sales and market capitalization goals over a five-year period (FY2026-FY2030), with target grant date fair values of $10.5M for the CEO and $5.3M each for the CFO and CHRO. This is a routine compensatory arrangement with no immediate financial impact, aligning executive pay with ambitious long-term performance targets.
Key Facts
- Compensation Committee approved the VGI Program on May 11, 2026, with a five-year performance period (FY2026-FY2030).
- 50% of options tied to a net sales goal representing significant growth vs. FY2025, contingent on also achieving a market cap goal.
- 50% of options tied to a market capitalization goal measured as a 45-day average.
- CEO Joakim Weidemanis received a target grant date fair value of $10,500,000.
- CFO Marc Vandiepenbeeck and CHRO Chris Scalia each received target grant date fair values of $5,300,000.
- Options have an at-the-money exercise price and are forfeited upon retirement or involuntary termination for poor performance before the end of the performance period.
- Vested options exercisable only during a two-year window from October 1, 2030 through September 30, 2032.
Financial Impact
Total target grant date fair value of $21.1M for three named executive officers; no immediate cash or P&L impact beyond standard equity compensation expense recognition over the performance period.
Risk Factors
- Options may never vest if performance goals are not met, resulting in no incremental dilution.
- Aggressive goals could signal that current embedded plans are insufficient to drive desired growth, potentially implying near-term headwinds.
- Potential dilution if options vest and are exercised, though the number of shares is not disclosed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000833444-26-000058 |
| Document: 0000833444-26-000058-index-headers.html | 0000833444-26-000058 |
| Document: 0000833444-26-000058-index.html | 0000833444-26-000058 |
| Document: 0000833444-26-000058.txt | 0000833444-26-000058 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | 8-K | $139.42 $144.33 | ▲ +3.52% | ▼ −1.50% | $156.24 (+12.06%) |
Jun 3, 2026 17w ago | 8-K | $147.39 $140.76 | ▼ −4.50% | ▼ −2.87% | $156.24 (+6.01%) |
May 18, 2026 19w ago | Insider Cluster | $137.22 $146.06 | ▲ +6.44% | ▲ +4.25% | $156.24 (+13.86%) |
May 13, 2026 20w ago | 8-K | $144.99 $144.96 | ▼ −0.02% | ▲ +0.84% | $156.24 (+7.76%) |
May 4, 2026 21w ago | 8-K | $144.54 $141.99 | ▼ −1.76% | ▼ −6.72% | $156.24 (+8.10%) |
Mar 31, 2026 26w ago | Court Ruling | $130.95 $141.35 | ▲ +7.94% | ▼ −1.47% | $156.24 (+19.31%) |
US Market Status
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