Nicholas J. Piazza, Senior Vice President and Chief Procurement Officer of Emerson Electric Co. (NYSE:EMR), filed a Form 4 on November 4, 2026, disclosing multiple transactions in Emerson common stock on November 2 and November 3, 2026.

Key Highlights

  • Performance share payout: Piazza acquired 12,075 shares on November 2, 2026, 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 performance shares: 5,320 shares were withheld on November 2, 2026, for required minimum taxes at a fair market value of $167.95 per share.
  • Restricted stock unit grant: Piazza received a grant of 5,396 restricted stock units on November 2, 2026, under a shareholder-approved benefit plan.
  • Additional tax withholding: 875 shares were withheld on November 3, 2026, for required minimum taxes upon vesting of a previously reported stock grant, at a fair market value of $166.425 per share.
  • Resulting ownership: Following all reported transactions, Piazza directly owned 41,592 shares of Emerson common stock.

Piazza's November 2026 Equity Transactions at Emerson Electric

According to the filing, the first transaction on November 2, 2026, involved the acquisition of 12,075 shares of Emerson Electric common stock pursuant to Rule 16b-3, representing the payout of earned units under a performance share award issued under a shareholder-approved benefit plan. The filing states that the payout was 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.

Also on November 2, 2026, the filing reports that 5,320 shares were withheld to satisfy required minimum tax obligations arising from the vesting of those performance share units, at a fair market value of $167.95 per share. On the same date, Piazza received a grant of 5,396 restricted stock units under a shareholder-approved benefit plan, exempt under Rule 16b-3(d), with no applicable purchase price. Following these three transactions, the filing shows Piazza's direct beneficial ownership at 42,467 shares.

On November 3, 2026, the filing discloses that an additional 875 shares were withheld for required minimum taxes upon vesting of a previously reported stock grant under a shareholder-approved benefit plan, at a fair market value of $166.425 per share. After this withholding, Piazza's direct beneficial ownership stood at 41,592 shares, according to the filing. The form was signed by John A. Sperino as attorney-in-fact for Nicholas J. Piazza on November 4, 2026. No derivative securities transactions were reported.

What Was Disclosed

Emerson Electric's Senior VP and CPO Nicholas J. Piazza reported the payout of 12,075 performance shares, withholding of 5,320 shares for taxes at $167.95, a grant of 5,396 restricted stock units, and withholding of 875 shares for taxes at $166.425, leaving direct ownership of 41,592 shares.