Form 4: Emerson Electric CEO Sells Shares for Tax Obligations
SEC Form 4 Filing
Surendralal Lanca Karsanbhai, CEO and President of Emerson Electric Co., disposed of shares to cover tax obligations arising from vesting stock grants.
Summary
- On November 6, 2024, Surendralal Lanca Karsanbhai, the CEO and President of Emerson Electric Co., disposed of 10,038 shares of common stock to cover required minimum taxes.
- The shares were withheld at a price of $125.44 per share.
- Following the transaction, Karsanbhai directly owns 266,893 shares of Emerson Electric Co. common stock.
- Karsanbhai also indirectly owns shares through a trust, custodian accounts for his son and daughter, a 401(k) plan, a profit sharing plan, and a 401(k) excess plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for signals about management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of transaction: Shares disposed of to cover tax obligations. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
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