Johnson Controls Approves Long-Term Value Growth Incentive Program for Key Executives

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The program involves the grant of performance-based share options and share appreciation rights contingent on meeting specific performance objectives related to net sales and market capitalization. The Compensation and Talent Development Committee approved the program, which includes grants to named executive officers such as the Chief Executive Officer, Executive Vice President & Chief Financial Officer, and Executive Vice President, Chief Human Resources Officer. The target grant date fair values for these executives are $10,500,000, $5,300,000, and $5,300,000, respectively.

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About Johnson Controls International plc

Johnson Controls International plc is a leading diversified technology and multi-industrial company that provides a wide range of products and services across various industries. Its primary function is to optimize building efficiencies, enhance comfort, and ensure safety. The company is widely recognized for its Building Technologies and Solutions division, which offers integrated platforms for HVAC (heating, ventilation, air conditioning), building automation, and security systems. Additionally, Johnson Controls plays a pivotal role in the energy sector through its power solutions, particularly with a focus on developing state-of-the-art battery technologies for automotive and renewable energy applications. As a global leader headquartered in Cork, Ireland, Johnson Controls serves various sectors including residential, commercial, and industrial markets. Its commitment to sustainability and innovation positions it as a significant player in advancing smart building and energy solutions on a global scale.