Johnson Controls International plc — Form 10-Q
Filed July 29, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 18/100
What the filing says
JCI adopted two new policies in Q3 FY2026: (1) Value Growth Incentive Program (VGI), an equity award plan linking employee compensation to net sales and market capitalization targets over a 5-year performance period (Oct 2025–Sept 2030), with options/SARs vesting based on revenue growth and $52.6B+ market cap milestones, exercisable Oct 2030–Sept 2032; (2) Director Double Taxation Policy (adopted June 4, 2026) providing up to $10,000 annual supplemental retainers to non-employee directors subject to dual US-Ireland taxation on board service. No dollar amounts specified for VGI grants or participant counts disclosed.
Why this rating
Routine equity plan and director compensation governance. VGI terms/dollar values undisclosed; supplemental director retainer capped at $10k/year—immaterial to $52.6B company. Standard periodic disclosure.
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