Form 4: A. O. Smith Director Michael M. Larsen Receives Retainer in Restricted Stock Units

Director Michael M. Larsen received a retainer in Restricted Stock Units under the A. O. Smith Nonqualified Deferred Compensation Plan.

Summary

• Michael M. Larsen, a director of A. O. Smith Corporation, received a retainer in Restricted Stock Units (RSUs) on April 9, 2024.
• The RSUs were granted under the A. O. Smith Nonqualified Deferred Compensation Plan.
• The transaction involved 1,626 Restricted Stock Units, with a price of $86.14 per unit.
• Following the transaction, Mr. Larsen beneficially owns 8,194 derivative securities.
• The RSUs receive a quarterly dividend pursuant to a dividend reinvestment feature of the plan, with a total of 129 units received as dividends.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The receipt of RSUs aligns the director's interests with those of the shareholders.
• The dividend reinvestment feature allows for compounding of returns within the deferred compensation plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the holdings of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's performance.

Key Dates