8-KOther Events

ROCKWELL AUTOMATION, INC 8-K Report, Corporate Update (Mar 4, 2009)

Filed March 4, 2009For Securities:ROK

Summary

This 8-K filing from Rockwell Automation (ROK) on March 3, 2009, reports an important event related to the CEO's stock options. Specifically, on February 24, 2009, Chairman and CEO Keith D. Nosbusch established a Rule 10b5-1 trading plan for 301,097 shares issuable upon the exercise of stock options awarded in October 2000. These options have an exercise price of $20.349 and are set to expire in October 2010. The plan, which becomes effective on May 1, 2009, outlines the exercise and sale of these shares. The execution of the plan is contingent on meeting predefined minimum price thresholds during specific trading windows following public earnings announcements. Mr. Nosbusch's stated intention for this plan is to diversify and liquidate long-term assets as part of his personal tax and financial planning strategy before the options expire.

Key Highlights

  • 1CEO Keith D. Nosbusch has adopted a Rule 10b5-1 trading plan for 301,097 stock options.
  • 2The options have an exercise price of $20.349 and expire on October 2, 2010.
  • 3The trading plan is effective from May 1, 2009.
  • 4Stock exercise and sale are subject to minimum price thresholds and specific trading periods.
  • 5The plan is part of the CEO's strategy for tax and financial planning to diversify and liquidate assets.
  • 6This filing does not contain new financial performance data but details an insider trading plan.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose that Rockwell Automation's CEO, Keith D. Nosbusch, has entered into a pre-arranged trading plan (Rule 10b5-1) for a significant number of his stock options.

The plan covers 301,097 stock options with an exercise price of $20.349, expiring October 2, 2010. The options will be exercised and shares sold based on meeting specific price targets during designated periods after quarterly earnings announcements, starting May 1, 2009.

The CEO is implementing this plan as part of his personal tax and financial planning strategy to diversify and liquidate these long-term assets before the options expire in October 2010.

No, this 8-K filing does not contain any financial results or updates on the company's performance. It solely concerns a planned transaction by an executive related to his stock options.