Form 4: Emerson Electric Senior VP Nicholas Piazza Reports Changes in Beneficial Ownership

Nicholas J. Piazza, Senior VP & CPO of Emerson Electric Co., reports acquisition and disposal of common stock and grant of restricted stock units.

Summary

• On November 4, 2024, Nicholas J. Piazza, Senior VP & CPO of Emerson Electric Co., reported changes in beneficial ownership of the company's stock.
• Piazza acquired 4,930 shares of common stock upon payout of earned units under a performance share award based on financial targets achieved by September 30, 2024.
• Additionally, Piazza acquired 27,684 shares related to the performance share award.
• 2,177 shares were withheld for required minimum taxes upon vesting of these units at a fair market value of $109.11 per share.
• Piazza was also granted 6,144 restricted stock units under a shareholder-approved benefit plan.
• Following these transactions, Piazza beneficially owns 31,651 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions reflect standard executive compensation practices and suggest the achievement of performance targets, which is a positive indicator. There are no explicitly negative elements.

Positives

• The acquisition of shares through performance-based awards suggests the achievement of financial targets.
• The grant of restricted stock units aligns Piazza's interests with those of the shareholders.

Negatives

• The withholding of shares for taxes reduces the immediate gain from the performance share award.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages including performance-based shares and restricted stock units are standard practice among publicly traded companies like Emerson Electric.
• Companies such as General Electric (GE) and Siemens also utilize similar compensation structures to incentivize their executives.
• The vesting schedules and performance metrics associated with these awards are typically benchmarked against industry peers to ensure competitiveness and alignment with company goals.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning management's interests with company performance.

Key Dates