4/A: Emerson Electric CEO Receives Corrected Stock Grant

Surendralal Karsanbhai, CEO & President of Emerson Electric Co., files an amended Form 4 to correct a clerical error in a previously reported restricted stock unit (RSU) grant.

Summary

• Surendralal Karsanbhai, CEO & President of Emerson Electric Co., filed an amended Form 4 with the SEC.
• The amendment corrects a clerical error in a previous Form 4 filed on November 8, 2023, which underreported a restricted stock unit (RSU) grant by 5,000 units.
• The corrected filing shows a grant of 68,208 restricted stock units on November 6, 2023, under a shareholder-approved benefit plan.
• Following the transaction, Karsanbhai directly owns 210,863 shares of Emerson Electric Co. common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is always a positive.

Positives

• The corrected filing ensures accurate reporting of executive compensation.

Negatives

• A clerical error led to an initial underreporting of the RSU grant.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders benefit from accurate and transparent reporting of executive compensation.

Key Dates