Form 4: Emerson Electric Co. Executive Nicholas J. Piazza Reports Stock Disposal for Tax Obligations

Nicholas J. Piazza, Senior VP & CPO of Emerson Electric Co., disposed of 861 shares of common stock on November 6, 2024, to cover tax obligations arising from the vesting of a stock grant.

Summary

• On November 6, 2024, Nicholas J. Piazza, Senior VP & CPO of Emerson Electric Co., reported a transaction involving the disposal of 861 shares of common stock.
• The shares were withheld to cover required minimum taxes upon the vesting of a previously reported stock grant under a shareholder-approved benefit plan.
• The transaction was exempt pursuant to Rule 16b-3.
• The price per share was $125.44, representing the fair market value on the date of withholding.
• Following the transaction, Piazza directly owns 30,790 shares of Emerson Electric Co. common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions. It is common for executives to dispose of shares to cover tax obligations arising from stock grants or option exercises. These transactions are closely monitored by regulators and investors to ensure compliance with insider trading laws.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The transaction is typical of executives managing their stock-based compensation and tax liabilities.
• Similar transactions are regularly reported by executives at companies like General Electric (GE), Siemens (SIE), and Honeywell (HON).

Key Dates