Form 4: Emerson Electric CFO Michael Baughman Reports Stock Transactions
SEC Form 4 Filing
Michael J. Baughman, CFO of Emerson Electric Co., reports acquisition and disposal of company stock related to performance share awards and restricted stock units.
Summary
- On November 4, 2024, Michael J. Baughman, Executive VP, CFO & CAO of Emerson Electric Co., acquired 13,558 shares of common stock due to the payout of earned units under a performance share award.
- The payout was based on the achievement of financial targets for the performance period ending September 30, 2024.
- Also on November 4, 2024, 6,122 shares were withheld for required minimum taxes upon vesting of these units at a fair market value of $109.11 per share.
- Baughman also received a grant of 13,189 restricted stock units on the same date.
- Following these transactions, Baughman directly owns 102,916 shares of common stock and indirectly owns 553.936 shares through a 401(k) excess plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reflects routine stock transactions related to compensation and tax obligations. The performance share award payout suggests positive performance, but the tax withholding is a neutral event.
Positives
- The acquisition of shares due to the payout of a performance share award suggests the achievement of financial targets for the performance period ended September 30, 2024.
- The grant of 13,189 restricted stock units indicates continued investment in the company's leadership.
Negatives
- The withholding of 6,122 shares for taxes represents a reduction in the total number of shares acquired.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider trading activity and assess management's confidence in the company's prospects.
Stakeholder Impact
- Shareholders can use this information to understand executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| September 30, 2024 | End of performance period for performance share award. |
| November 4, 2024 | Date of stock acquisition, tax withholding, and restricted stock unit grant. |
| November 6, 2024 | Date of signature on the Form 4 filing. |
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