Form 4: Rockwell Automation SVP Sells Shares to Cover RSU Tax Obligations
Insider Transaction Report
Tessa M. Myers, SVP of Intelligent Devices at Rockwell Automation, Inc., reported the acquisition of shares from vested restricted stock units and a subsequent sale to cover tax liabilities, executed under a pre-arranged 10b5-1 plan.
Summary
- Tessa M. Myers, Senior Vice President of Intelligent Devices at Rockwell Automation, Inc. (ROK), reported transactions involving company common stock.
- On June 6, 2025, Ms. Myers acquired 776 shares of common stock at a price of $0, resulting from the vesting of restricted stock units (RSUs).
- Following this, on June 9, 2025, she disposed of 363 shares of common stock at a weighted average price of $326.3186 per share.
- The sale was conducted pursuant to a Rule 10b5-1 plan, established on November 29, 2024, specifically to cover taxes due on the vested restricted stock units.
- After these transactions, Ms. Myers directly beneficially owns 4,063 shares of common stock.
- Additionally, she indirectly owns 8.4184 shares through the Company Savings Plan, as of March 31, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing reporting an executive's acquisition of shares from RSU vesting and a subsequent sale to cover tax liabilities. This is a routine, pre-planned transaction and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.
Industry Context
This Form 4 filing details a routine insider transaction, specifically the sale of shares by an executive to cover tax obligations arising from the vesting of restricted stock units. Such transactions are common across all industries, particularly for publicly traded companies that use equity compensation as part of their executive remuneration packages. The use of a Rule 10b5-1 plan indicates a pre-scheduled transaction designed to comply with insider trading regulations.
Related Party Transactions
- The transaction involves an executive (Tessa M. Myers) of Rockwell Automation, Inc. acquiring and selling company stock, which is a direct related-party transaction as defined by SEC regulations for insider reporting.
Stakeholder Impact
- Shareholders: The sale of 363 shares by an executive is a minor dilution event relative to the total outstanding shares and is unlikely to have a material impact on shareholder value or perception, especially given its tax-related purpose and 10b5-1 plan execution.
- Employees: No direct impact on employees is indicated by this filing.
- Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 2023-06-06 | Date when restricted stock units began vesting in three substantially equal annual installments. |
| 2024-11-29 | Date when the Rule 10b5-1 plan was entered into for the sale of shares. |
| 2025-03-31 | Date as of which information for shares held in the Company Savings Plan was furnished by the Plan Administrator. |
| 2025-06-06 | Date of acquisition of 776 shares of common stock upon vesting of restricted stock units. |
| 2025-06-09 | Date of disposition (sale) of 363 shares of common stock. |
| 2025-06-10 | Date the Form 4 was signed by the Attorney-In-Fact for Tessa M. Myers. |
Keywords
Rockwell Automation, ROK, SEC Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, RSU Vesting, 10b5-1 Plan, Executive Compensation, Share Sale, Tessa M. Myers
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