Form 4: Emerson Electric CFO Michael Baughman Reports Stock Transaction

Michael Baughman, CFO of Emerson Electric, reports the withholding of shares for tax obligations following the vesting of a stock grant.

Summary

• On November 6, 2024, Michael J. Baughman, Executive VP, CFO & CAO of Emerson Electric Co. (EMR), reported a transaction involving common stock.
• 2,053 shares were withheld to cover required minimum taxes upon the vesting of a previously reported stock grant under a shareholder-approved benefit plan.
• The price per share for the withholding was $125.44, representing the fair market value on the date of withholding.
• Following the transaction, Baughman directly owns 100,863 shares of Emerson Electric common stock and indirectly owns 553.936 shares through a 401(k) excess plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (tax withholding) related to executive compensation, which is neither particularly positive nor negative. It's a neutral event in the context of the company's overall performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates a standard tax withholding procedure related to stock vesting.

Comparison to Industry Standards

• Executive compensation packages often include stock grants that vest over time.
• Tax withholding upon vesting is a standard practice across publicly traded companies.
• Comparable companies such as General Electric (GE) and Siemens (SIEGY) also have executives who regularly report similar transactions via Form 4 filings.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves tax withholding on existing stock grants.
• Employees who receive stock grants may be interested in understanding the tax implications of vesting.

Key Dates