Form 4: Rockwell Automation VP John M. Miller Reports Stock Sale Under 10b5-1 Plan
SEC Form 4 Filing
John M. Miller, VP and Chief IP Counsel at Rockwell Automation, reported the sale of 252 shares of common stock at $285.43 per share under a pre-arranged 10b5-1 trading plan.
Summary
- John M. Miller, VP and Chief IP Counsel of Rockwell Automation, filed a Form 4 on March 3, 2025, reporting changes in beneficial ownership of the company's stock.
- On February 28, 2025, Miller sold 252 shares of Rockwell Automation common stock at a price of $285.43 per share.
- The sale was executed under a Rule 10b5-1 trading plan established on November 26, 2024.
- Following the transaction, Miller directly owns 5,729 shares of Rockwell Automation common stock.
- Miller also indirectly owns 470.4697 shares through the Company Savings Plan, based on information from the Plan Administrator as of January 2, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The use of a 10b5-1 plan indicates that the trading was pre-planned and not based on any inside information at the time of the transaction.
Stakeholder Impact
- The stock sale by a company insider could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 11/26/2024 | Date of entry into Rule 10b5-1 plan |
| 01/02/2025 | Date of Company Savings Plan information |
| 02/28/2025 | Date of stock sale transaction |
| 03/03/2025 | Date of Form 4 filing |
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