Johnson Controls management check
JCI · Industrials · Building Products · CEO Mr. Oliver
Filings as of
3 good · 3 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $299, against $208 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.46 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.6% of net income$20.0m of reported pay in fiscal 2025, against $3.3bn of net income.
- Watch
Do they own the stock?
Insiders are selling3 insiders sold $17.5m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -2.5% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Oliver, Mr. Weidemanis. 13 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Flag
Are the books clean?
Red flags on file1 late-filing notice since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 55 | |
| Pay for performance | 73 | 86 | |
| CEO cost | 68 | 48 | |
| Skin in the game | — | — | 55 |
| Dilution | 81 | 62 | |
| Stable leadership | 20 | 75 | |
| Clean books | 30 | 100 |
Closest peers
Others in Building Products, by management score. Johnson Controls is 53rd of 81 in its sector.
- 73MASMasco78
- 175TTTrane Technologies71
- 251CARRCarrier Global64
- 274AOSA. O. Smith63
- 288JCIJohnson Controls62
- 290ALLEAllegion62
- 458LIILennox International44
Pay versus performance
From the proxy statement filed January 16, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Oliver, Mr. Weidemanis | $20.0m | $33.4m | $7.0m | $299 | $208 | $3.3bn |
| 2024 | — | $15.4m | $35.1m | $5.6m | $208 | $178 | $1.7bn |
| 2023 | — | $15.9m | $16.0m | $5.5m | $139 | $131 | $1.8bn |
| 2022 | — | $15.7m | −$1.0m | $4.7m | $126 | $108 | $1.5bn |
| 2021 | — | $16.2m | $54.2m | $3.9m | $170 | $129 | $1.6bn |
The board says pay is tied most to EBIT Growth. Its other key measures: Revenue Growth, Free Cash Flow Conversion, Pre-tax Earnings Growth, Recurring Revenue, Relative TSR.
Insiders and the CEO's stake
3 insiders sold $17.5m in the last six months and none bought.
- SoldLei Zhang SchlitzVP & Pres, GP & Solutions$16.1mAug 4, 2026
- SoldTodd M GrabowskiVP and President, Americas$885kJun 9, 2026
- SoldPierre E CohadeDirector$488kAug 19, 2026
Leadership and governance on file
- Sep 30, 2026Leadership change8-K 5.02
- Jun 3, 2026Leadership change8-K 5.02
- May 13, 2026Leadership change8-K 5.02
- May 4, 2026Leadership change8-K 5.02
- Sep 24, 2025Leadership change8-K 5.02
- Apr 2, 2025Leadership change8-K 5.02
- Mar 14, 2025Leadership change8-K 5.02
- Feb 5, 2025Leadership change8-K 5.02
- Jan 10, 2025Leadership change8-K 5.02
- Dec 12, 2024Leadership change8-K 5.02
- Aug 5, 2024Leadership change8-K 5.02
- Jan 16, 2024Leadership change8-K 5.02
Latest shareholder vote results: Mar 6, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $15.2bn returned to owners in buybacks and dividends, 152% of net income, and $528.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $23.7bn | $20.6bn | $22.3bn | $23.0bn | $23.6bn |
| Net income | $1.6bn | $1.5bn | $1.8bn | $1.7bn | $3.3bn |
| Stock-based pay | $76.0m | $98.0m | $107.0m | $107.0m | $140.0m |
| Buybacks | $1.3bn | $1.4bn | $625.0m | $1.2bn | $6.0bn |
| Dividends | $762.0m | $916.0m | $980.0m | $1.0bn | $976.0m |
| Diluted shares | 721m | 700m | 687m | 676m | 654m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.