The company says Breen, who remains Tyco chairman, will get deferred shares -- valued at $55.8 million -- March 28. He's due an additional $30 million as a lump sum pension payout in 2016, Tyco says.

Johnson Controls, a global multi-industrial company, will combine with Tyco, a global fire and security provider, to create a company focused on building products and technology, integrated solutions ...