Form 4: Rockwell Automation Executive Sells Shares to Cover Taxes on Vested Stock Units
SEC Form 4 Filing
Robert L. Buttermore, SVP and Chief Supply Chain Officer of Rockwell Automation, sold shares of common stock to cover taxes due on restricted stock units that vested on February 13, 2025.
Summary
- Robert L. Buttermore, a senior executive at Rockwell Automation, sold 202 shares of common stock on February 14, 2025, at a weighted average price of $296.1541.
- This transaction was executed under a pre-arranged Rule 10b5-1 trading plan established on November 30, 2023, to cover taxes related to restricted stock units vesting on February 13, 2025.
- Buttermore also acquired 567 shares of common stock on February 13, 2025, through the vesting of restricted stock units.
- Following these transactions, Buttermore directly owns 2,610 shares of Rockwell Automation common stock and indirectly owns 274.1847 shares through the Company Savings Plan.
- He also owns 568 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine transactions by an insider under a pre-arranged trading plan. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects. The use of a 10b5-1 plan suggests the insider is selling shares in a pre-planned manner to avoid accusations of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 11/30/2023 | Date of entry into Rule 10b5-1 plan. |
| 01/02/2025 | Date of information from Plan Administrator regarding Company Savings Plan shares. |
| 02/13/2025 | Date of restricted stock units vesting and acquisition of 567 shares. |
| 02/14/2025 | Date of sale of 202 shares of common stock. |
| 02/13/2026 | Expiration date of restricted stock units. |
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