Form 4: Rockwell Automation SVP Cyril Perducat Executes Stock Sales to Cover Taxes on Vested Restricted Stock Units

Cyril Perducat, SVP and Chief Technology Officer of Rockwell Automation, sold shares of common stock to cover taxes due on restricted stock units that vested on June 1, 2024, according to a Form 4 filing with the SEC.

Summary

• On June 1, 2024, Cyril Perducat, SVP and Chief Technology Officer of Rockwell Automation, had restricted stock units vest.
• To cover taxes due on these vested units, Mr. Perducat sold shares of Rockwell Automation common stock on June 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.
• The sales were executed in multiple transactions at weighted average prices ranging from $258.23 to $261.13 per share.
• A total of 659 shares were sold, resulting in a decrease in Mr. Perducat's direct holdings of Rockwell Automation common stock.
• Following these transactions, Mr. Perducat directly owns 4,630 shares of Rockwell Automation common stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, with no indication of unusual or concerning activity.

Industry Context

Executive compensation often includes stock options and restricted stock units, which vest over time and may be sold to cover tax obligations or for personal financial planning.

Key Dates