Form 4: Emerson Electric Co. Executive Lisa Flavin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Lisa Flavin, Senior VP & CCO of Emerson Electric Co., reports the withholding of shares for tax obligations following vesting of a stock grant.
Summary
- On November 6, 2024, Lisa Flavin, Senior VP & CCO of Emerson Electric Co., reported changes in beneficial ownership of company stock.
- 1,004 shares of common stock were withheld to cover required minimum taxes upon the vesting of a previously reported stock grant.
- The shares were withheld at a price of $125.44 per share, representing the fair market value on the date of withholding.
- Following the transaction, Ms. Flavin directly owns 82,224 shares of Emerson Electric Co. common stock.
- Ms. Flavin also indirectly owns 4,805.745 shares through a 401(k) plan and 2,249.905 shares through a 401(k) excess plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction, so the sentiment is neutral.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies.
Comparison to Industry Standards
- Executive compensation practices, including stock grants and tax withholding, are common across publicly traded companies.
- Companies like General Electric (GE) and Siemens (SIE.DE) also utilize stock-based compensation for their executives.
- The specific number of shares and value will vary based on company size, executive level, and performance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation and does not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of transaction: shares withheld for taxes. |
| 11/08/2024 | Date of signature by Attorney-in-Fact. |
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