Form 4: Rockwell Automation Executive Cyril Perducat Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Cyril Perducat, SVP and Chief Technology Officer of Rockwell Automation, reported the acquisition of 1,744 restricted stock units on April 9, 2024.
Summary
- Cyril Perducat, a Senior Vice President and Chief Technology Officer at Rockwell Automation, filed a Form 4 with the SEC.
- The filing reports the acquisition of 1,744 restricted stock units on April 9, 2024.
- These restricted stock units were awarded under the company's 2020 Long-Term Incentives Plan.
- The restricted stock units vest in three substantially equal annual installments beginning on April 9, 2025.
- Each restricted stock unit represents a contingent right to receive one share of Rockwell Automation common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the company's future performance.
Positives
- The granting of restricted stock units aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The executive will receive shares of Rockwell Automation common stock as the restricted stock units vest over the next three years.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard executive compensation practices.
Comparison to Industry Standards
- Granting restricted stock units is a common practice among publicly traded companies to incentivize and retain key executives.
- Companies like Siemens, ABB, and Schneider Electric also use similar equity-based compensation plans for their top executives.
- The vesting schedule of three years is also a typical timeframe for such grants.
Stakeholder Impact
- Shareholders may view this as a positive sign, aligning executive interests with company performance.
- Employees may see this as a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/09/2024 | Date of transaction: Acquisition of 1,744 restricted stock units. |
| 04/09/2025 | Date exercisable: First vesting date for the restricted stock units. |
| 04/09/2027 | Expiration date: Final vesting date for the restricted stock units. |
| 04/10/2024 | Date of signature by Attorney-in-fact. |
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