Michael H. Train, Senior Vice President and Chief Sustainability Officer of Emerson Electric Co., filed a Form 4 on November 4, 2026, disclosing changes in beneficial ownership of common stock tied to the payout of a performance share award and related tax withholding transactions on November 2 and 3, 2026.

Key Highlights

  • Performance share award payout: Train acquired 20,126 shares on November 2, 2026, pursuant to Rule 16b-3, upon payout of earned units under a performance share award, based on achievement of financial targets for the period ended September 30, 2026.
  • Tax withholding on November 2: 8,866 shares were withheld for required minimum taxes at a fair market value of $167.95 per share.
  • Tax withholding on November 3: An additional 2,223 shares were withheld for required minimum taxes at a fair market value of $166.425 per share.
  • Direct beneficial ownership after transactions: Train held 247,553 shares directly following the reported transactions.
  • Indirect holdings: Train also held 12,758.86 shares through a 401(k) plan and 1,395 shares through a 401(k) excess plan, indirectly.

Emerson Electric Performance Award Payout and Tax Withholding Details for Michael H. Train

According to the filing, Michael H. Train, identified as SVP and Chief Sustainability Officer of Emerson Electric Co. (NYSE:EMR), received 20,126 shares of common stock on November 2, 2026. The filing states the acquisition occurred "pursuant to Rule 16b-3 upon payout of 20,126 earned units under a performance share award under a shareholder-approved benefit plan," with the payout based on the level of achievement of financial targets for the performance period ended September 30, 2026. No purchase price was applicable to this acquisition.

On the same date, the filing discloses that 8,866 shares were withheld to satisfy required minimum taxes in connection with the vesting of those performance share award units. The filing identifies the fair market value used for the withholding as $167.95 per share. Following that transaction, Train's direct holdings stood at 249,776 shares, according to the filing.

On November 3, 2026, the filing reports a further withholding of 2,223 shares for required minimum taxes upon vesting of a previously reported stock grant under a shareholder-approved benefit plan, also exempt pursuant to Rule 16b-3. The fair market value on that date was reported as $166.425 per share, reducing Train's direct holdings to 247,553 shares. In addition to direct holdings, the filing notes indirect ownership of 12,758.86 shares through a 401(k) plan and 1,395 shares through a 401(k) excess plan.

What Was Disclosed

Emerson Electric Co. officer Michael H. Train filed a Form 4 reporting the acquisition of 20,126 performance shares on November 2, 2026, and subsequent tax-related withholdings of 8,866 and 2,223 shares on November 2 and 3, 2026, respectively, leaving direct beneficial ownership of 247,553 shares.