Form 4: Emerson Electric CEO Surendral L. Karsanbhai Reports Gifts of Common Stock to Revocable Trust
SEC Form 4 Filing
CEO Surendral L. Karsanbhai reported gifting shares of Emerson Electric Co. common stock to a revocable trust.
Summary
- Surendral L. Karsanbhai, CEO and President of Emerson Electric Co., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates gifts of common stock to a revocable trust where Karsanbhai and his spouse are co-trustees.
- On November 7, 2024, 72,282 shares were gifted.
- On December 17, 2024, another 12,698 shares were gifted.
- The filing also updates balances to reflect a transaction reported on a previous Form 4 filed on November 15, 2024, which did not include the impact of the November 7, 2024 gift.
- Karsanbhai also has shares held in custodian accounts for his son and daughter, as well as in 401(k) and profit-sharing plans.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. There is no inherent positive or negative sentiment associated with the information provided.
Industry Context
This filing is a routine disclosure of insider transactions, as required by the SEC. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The gifts to the trust may have a minor impact on shareholders by slightly reducing the CEO's direct ownership.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Gift of 72,282 shares to a revocable trust. |
| 11/15/2024 | Previous Form 4 filing that inadvertently did not include impact of November 7 gift. |
| 12/17/2024 | Gift of 12,698 shares to a revocable trust. |
| 12/19/2024 | Date of signature on the Form 4 filing. |
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