Form 4: Aspen Technology Director Shenkman Reports Disposal of Shares in Merger with Emerson Electric Co.

Director Arlen Shenkman reports the disposal of Aspen Technology shares and restricted stock units due to the merger with Emerson Electric Co., where shares were converted to $265.00 cash.

Summary

• Arlen Shenkman, a director of Aspen Technology, Inc., filed a Form 4 to report changes in beneficial ownership of securities.
• The report details the disposal of common stock and restricted stock units (RSUs) due to the merger between Aspen Technology and Emerson Electric Co.
• The merger became effective on March 12, 2025, with Emerson Electric Co.'s subsidiary, Emersub CXV, Inc., merging into Aspen Technology.
• Each outstanding share of Aspen Technology common stock was converted into the right to receive $265.00 in cash.
• Non-employee director RSUs were also cancelled and converted into the right to receive a cash payment equal to the merger consideration ($265.00) per share subject to the RSU.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as the merger provides a clear exit strategy for shareholders at a defined price. The completion of the merger removes uncertainty.

Future Outlook

The merger between Aspen Technology and Emerson Electric Co. is complete, and Aspen Technology is now a subsidiary of Emerson Electric Co.

Industry Context

The merger reflects a trend of consolidation in the technology sector, with larger companies acquiring specialized software providers to expand their capabilities and market reach.

Stakeholder Impact

• Shareholders received $265.00 per share in cash.
• Non-employee directors received cash payments for their RSUs.

Key Dates