Form 4: Emerson Electric Director Calvin Butler Jr. Reports Acquisition of Restricted Stock Units

Director Calvin Butler Jr. reports the acquisition of 762 restricted stock units of Emerson Electric Co. on August 1, 2024.

Summary

• Calvin Butler Jr., a director of Emerson Electric Co., reported acquiring 762 restricted stock units on August 1, 2024.
• The grant was part of the annual retainer paid to non-management directors under a shareholder-approved benefit plan.
• The fair market value of each restricted stock unit on the grant date was $114.7750.
• The acquisition is reported on a Form 4 filing with the SEC.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (grant of restricted stock units) and doesn't contain any alarming or negative information. It's a neutral event with a slightly positive implication due to alignment of director and shareholder interests.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The grant is part of a shareholder-approved benefit plan, indicating good corporate governance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Granting restricted stock units to non-management directors is a common practice among publicly traded companies to incentivize and align their interests with shareholders.
• The specific amount and valuation of the units would need to be compared to similar companies in the industrial sector to assess if it is within the typical range.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates