ROK CIO Christopher Nardecchia Exercises Options, Sells 2,538 Shares

What Happened Christopher Nardecchia, SVP and Chief Information Officer of Rockwell Automation (ROK), exercised 2,538 stock options at a strike of $350.76 (total cost $890,229) on 2026-05-05 and sold all 2,538 resulting shares the same day. The open-market sales generated total gross proceeds of approximately $1,133,049 (sales executed across prices roughly $440.00–$450.04). The transactions were executed pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-06 (filed promptly).
• Exercise: 2,538 shares at $350.76 = $890,229 (code M).
• Sales: three open-market lots totaling 2,538 shares for ~$1,133,049 (codes S); weighted average prices reported: $440.82 (range $440.00–$440.97), $447.37 (range $447.3650–$447.5050), and $450.04.
• Net proceeds before taxes/fees: ~ $242,820 (proceeds − exercise cost).
• Footnotes: sales executed under a 10b5-1 plan entered 11/26/2025 (F1). Weighted-average pricing details provided with ranges and offered upon request (F2, F3). Filing notes stock-plan unit accounting details and standard vesting schedule for the options (F4, F5).
• Shares owned after the transactions are not specified in the provided excerpt of the filing.

Context This was a cash exercise followed by immediate sale (cashless-like outcome) under a pre-established 10b5-1 plan, which is a common mechanism for insiders to sell shares on a set schedule. Such sales are routine disclosures and do not by themselves indicate management’s private view of the company’s prospects.