How Emerson Pays
Emerson's normalized R0 to R9 ladder runs from the plant floor to corporate officer across 29 markets, paid alongside 55 percent performance shares and 45 percent RSUs under the 2024 Equity Incentive Plan, a 90 percent-of-market ESPP, a $21.24M CEO package at 402:1, and 31 certified H-1B filings.
Band Hierarchy
Emerson publishes job titles and executive offices but no enterprise grade sequence, no band minimums and no salary-range book. The R0 to R9 ladder here is a normalized research framework built from Emerson careers pages, current job postings and market salary records; only the R9 corporate-officer titles and the chief executive row carry an actual company disclosure.
Plant and frontline — R0
Professional and technical ladder — R1 through R4
Senior technical and leadership ladder — R5 through R8
Executive — disclosed corporate officers
Disclosed executive layer
Track divergence
Hierarchy qualifications and legacy structures
- The research found no official Emerson sequence such as Grade 1 to 20 or Band A to Z. R0 to R8 are constructed from titles that appear publicly, and R9 is the disclosed corporate-officer layer.
- A Corporate Fellow equivalent could not be verified as a standardised Emerson title, so the senior technical track above R7 is thinner in the evidence than the management track beside it.
- Emerson assumed and converted unvested National Instruments and AspenTech awards into Emerson time-based RSUs, generally preserving the original vesting schedules. That is direct evidence of equity-plan integration but not of salary-band harmonisation, and no public document describes a harmonised grade map across the legacy entities.
- The plant and frontline population at R0 is carried on the same ladder because its geographic behaviour runs in the same direction as the professional bands, only steeper. It is not a separate reversed population of the kind seen in retail or logistics.
- Named executive base salaries are generally determined effective 1 October each year. No source establishes that the same review date applies to non-executive employees or to every country.
- The R9 row is a five-person proxy disclosure, so it describes the named executive officers rather than every senior vice president at Emerson.
Peer-level mapping
| Band | Archetype | Peer mapping | Caveat |
|---|---|---|---|
| R0 | Production / Trainee / Apprentice | Entry hourly production and graduate-programme roles at Honeywell, Rockwell Automation and Johnson Controls | Plant pay is set against local hourly markets and union agreements rather than a corporate band, so a peer title match says little about the rate.St. Louis anchor modelled from an observed $36,000 to $52,000 base envelope; no recurring equity grant is evidenced at this band. |
| R1 | Associate / Junior Professional | Associate engineer and Engineer I equivalents across the industrial-automation peer set | Emerson publishes no title-to-grade crosswalk, so the mapping is scope-based orientation only.Anchored on an observed $52,000 to $78,000 base envelope and cross-checked against the PayScale $60,919 lower employer bound. |
| R2 | Engineer / Analyst / Specialist | Engineer II and professional-grade roles at Honeywell, Rockwell Automation and Johnson Controls | Levels.fyi records for Emerson mix locations and role families, so a single peer number can flatter or understate the band.Triangulated from Indeed's $101,680 Emerson Engineer average across ten postings, PayScale's $89,447 average and the Levels.fyi $93,786 company median. |
| R3 | Senior Engineer / Senior Specialist | Senior engineer and senior professional grades across the peer set | The senior-engineer label covers a wide scope range at Emerson because business units size the role differently.Anchored on an $86,000 to $136,000 observed base envelope and the Levels.fyi $106,250 Emerson Software Engineer median. |
| R4 | Lead / Staff / Project Manager | Lead, staff and Manager I equivalents across the peer set | This is the first band where the technical and people-management tracks genuinely diverge, so peer titles stop being interchangeable.Anchored on a $105,000 to $165,000 observed base envelope; current Emerson postings in this zone include Senior Software Lead at $130,000 to $190,000. |
| R5 | Principal / Architect / Engineering Manager | Principal engineer and Manager II equivalents across the peer set | This is the first band that plausibly falls inside the roughly 1,750-person long-term incentive population, but Emerson discloses no eligibility threshold.Anchored on a $128,000 to $195,000 observed base envelope; current Emerson postings include Principal Architect at $139,000 to $185,000. The equity component is a modelled allowance because no grant size is disclosed below the named executives. |
| R6 | Senior Principal / Senior Manager / Plant Manager | Senior principal and senior manager equivalents across the peer set | Plant manager and senior engineering manager sit in the same band here but are paid against very different local markets.Anchored on a $150,000 to $230,000 observed base envelope and the Levels.fyi $162,000 Emerson Engineering Manager median. The equity component is a modelled allowance. |
| R7 | Director / Technical Director | Director and senior director equivalents across the peer set | Technical Director and Engineering Director can be mapped alongside each other, but equivalence varies materially by Emerson business unit.Anchored on a $175,000 to $275,000 observed base envelope; current postings include Engineering Director at $150,000 to $180,000 and an Application Specialist range of $133,000 to $248,000. A Levels.fyi Program Manager record sits at $201,000 total. |
| R8 | Vice President / Business Unit Leader | Vice president and general manager equivalents across the peer set | No universal Emerson vice-president grant rule is disclosed, so the equity share shown here is the single largest modelled element on the ladder.Anchored on a $220,000 to $420,000 observed base envelope. Total is the bundle's $360,000 to $1,050,000 modelled envelope at the median, of which the equity share is inferred rather than disclosed. |
| R9 | SVP / EVP / Corporate Officer | Named executive officers at Honeywell, Johnson Controls and Rockwell Automation | This row is a proxy disclosure for five individuals, not a pay range for every senior vice president, and it is excluded from the range chart.The FY2025 median named executive officer, Michael J. Baughman as EVP, CFO and CAO. The five-NEO total range runs $3,731,259 to $9,036,825 on salaries of $725,000 to $962,500, and other includes $10,000 of pension and deferred-compensation change. |
Critical evidence warning
Emerson does not publish salary ranges, band minimums, midpoints or grant sizes for any population below its named executive officers, and it publishes no rating scale, no distribution and no merit-increase calendar. Every figure on rows R0 through R8 is either a third-party salary observation or a model calibrated on one, and the ladder codes themselves are a research construct rather than Emerson nomenclature. Treat the anchor medians as orientation for negotiation, not as a quotation of an Emerson pay band, and treat the offshore cells as planning envelopes rather than local range books.
Compensation by Band — St. Louis
Low / median / high annual values at 1.00× base and 1.00× total-compensation factors versus St. Louis. Total equals base plus bonus plus annualized equity.
| Band | Title | Base | Variable | Total TC | Equity |
|---|---|---|---|---|---|
| R0 | Production / Trainee / Apprentice 0–2 years · modeled | $37K – $51K | 3% | $45K $39K – $52K | — |
| R1 | Associate / Junior Professional 0–3 years · modeled | $54K – $74K | 5% | $67K $57K – $77K | — |
| R2 | Engineer / Analyst / Specialist 2–5 years · reported | $71K – $97K | 8% | $91K $77K – $104K | — |
| R3 | Senior Engineer / Senior Specialist 4–8 years · reported | $92K – $124K | 10% | $119K $101K – $137K | — |
| R4 | Lead / Staff / Project Manager 7–12 years · reported | $112K – $152K | 12% | $148K $126K – $170K | — |
| R5 | Principal / Architect / Engineering Manager 10–15 years · modeled | $136K – $184K | 16% | $193K $164K – $222K | $7K |
| R6 | Senior Principal / Senior Manager / Plant Manager 12–18 years · modeled | $162K – $219K | 20% | $240K $204K – $276K | $12K |
| R7 | Director / Technical Director 15–22 years · modeled | $191K – $259K | 27% | $310K $264K – $357K | $24K |
| R8 | Vice President / Business Unit Leader 18–25 years · modeled | $264K – $357K | 38% | $620K $527K – $713K | $192K |
| R9 | SVP / EVP / Corporate Officer 20+ years · verified | $742K – $1.00M | 103% | $5.67M $4.82M – $6.52M | $3.31M |
Total Compensation Range by Band
Total compensation in St. Louis across the employee bands. Proxy-disclosed executive cohorts are excluded so the employee bands stay readable.
Global Footprint & Pay Arbitrage
Emerson reported approximately 71,000 employees at 30 September 2025 across a footprint that mixes corporate and engineering centres with a large global manufacturing base. St. Louis is the pay anchor. Every other market is calibrated by a country band factor multiplied by a city factor, and the country factors are steeply level-dependent rather than flat.
Office and market catalogue — calibration factors versus St. Louis
| Location | Likely office profile | Presence | Base | TC |
|---|---|---|---|---|
St. Louis United States · USD | World headquarters, corporate functions, engineering and business leadership | Official headquarters confirmed | 1.00× | 1.00× |
Round Rock / Austin United States · USD | Engineering, product, software and customer-facing roles | Current-role postings and H-1B worksite records | 1.15× | 1.15× |
Boulder United States · USD | Engineering and application roles | Current-job salary-range postings | 1.15× | 1.15× |
Houston United States · USD | Energy and process customer-facing, project and engineering roles | H-1B worksite record and industry market signal | 1.08× | 1.08× |
Shakopee, MN United States · USD | Measurement instrumentation manufacturing, engineering and operations | Active presence signal; pay modelled | 1.05× | 1.05× |
Pittsburgh United States · USD | Power, nuclear and application engineering | Current-job salary-range postings | 0.98× | 0.98× |
Marshalltown, IA United States · USD | Final control manufacturing, valve engineering and operations | Active presence signal; pay modelled | 0.90× | 0.90× |
Sidney, OH United States · USD | Manufacturing, plant engineering and operations | Active presence signal; pay modelled | 0.88× | 0.88× |
Bangalore India · INR | Engineering, software, product and shared-services roles | Highest salary-record and role density outside the United States | 0.08× | 0.08× |
Pune India · INR | Engineering, operations, shared services and commercial roles | High salary-record and role density | 0.07× | 0.07× |
Mumbai India · INR | Commercial, corporate and customer-facing roles | Active presence signal; pay modelled on the India baseline | 0.08× | 0.08× |
Chennai India · INR | Engineering, manufacturing and field-service roles | Active presence signal; pay modelled on the India baseline | 0.07× | 0.07× |
Hyderabad India · INR | Technology, engineering and support roles | Active presence signal; pay modelled on the India baseline | 0.07× | 0.07× |
Manila / Quezon City Philippines · PHP | Shared services, technical support, engineering and software | High salary-record density across the Metro Manila population | 0.07× | 0.07× |
Mandaluyong Philippines · PHP | Shared services, customer support and professional roles | Metro Manila market signal; pay modelled | 0.08× | 0.08× |
Melbourne Australia · AUD | Country operations, calibration services, engineering and commercial roles | Official facility plus salary-record signal | 0.75× | 0.75× |
Sydney Australia · AUD | Regional sales, engineering and country leadership | Salary-record signal | 0.81× | 0.81× |
Perth Australia · AUD | Mining, energy, control systems and field-service roles | Salary-record signal | 0.80× | 0.80× |
Auckland New Zealand · NZD | Australia and New Zealand customer, service and commercial coverage | Official Australia and New Zealand regional presence; local pay modelled | 0.65× | 0.65× |
Stockport United Kingdom · GBP | Engineering, operations and technical support | Active presence signal plus United Kingdom salary records | 0.53× | 0.53× |
Leicester United Kingdom · GBP | Engineering, field service and commercial roles | Active presence signal plus United Kingdom salary records | 0.55× | 0.55× |
Frankfurt Germany · EUR | Commercial, regional management and engineering roles | Active presence signal plus Germany salary records | 0.73× | 0.73× |
Langenfeld Germany · EUR | Engineering, operations and customer support | Active presence signal plus Germany salary records | 0.68× | 0.68× |
Baar Switzerland · CHF | Regional corporate, treasury and commercial roles | Sparse salary-record signal; pay modelled | 1.05× | 1.05× |
Cluj-Napoca Romania · RON | Engineering, software and shared services | Salary-record signal | 0.10× | 0.10× |
Debrecen Hungary · HUF | Manufacturing, plant engineering and operations | Current-role signal; pay modelled | 0.11× | 0.11× |
Singapore Singapore · SGD | Asia Pacific regional leadership, engineering, manufacturing and commercial roles | High salary-record signal from 878 reviewed local job postings | 0.35× | 0.35× |
Kuala Lumpur Malaysia · MYR | Engineering, shared services, manufacturing and commercial roles | Salary-record signal | 0.12× | 0.12× |
Dubai United Arab Emirates · AED | Middle East and Africa solutions centre, commercial and regional roles | Official Emerson Solutions Center confirmed | 0.28× | 0.28× |
Seven cities that appeared in the source bundle as selector entries with no presence evidence and entirely modelled pay have been dropped: Chihuahua, Reynosa and Monterrey in Mexico, Suzhou, Shanghai and Tianjin in China, and Calgary in Canada. Emerson may well employ people in all of them, but the bundle records no employing entity, no office and no salary observation for any of the seven, so pricing them here would have been invention.
St. Louis anchor medians — the basis of every modeled cell
| Band | Base | Stock | Bonus | Other | Total |
|---|---|---|---|---|---|
| R2 | $84K | $0 | $7K | — | $91K |
| R3 | $108K | $0 | $11K | — | $119K |
| R4 | $132K | $0 | $16K | — | $148K |
| R9 | $873K | $3.31M | $1.27M | $217K | $5.67M |
- St. Louis is the confirmed world headquarters and the anchor column. Its medians come from Levels.fyi, PayScale and Indeed records for Emerson plus current Emerson job postings with published salary ranges.
- Round Rock and Austin carry the highest United States city factor at 1.15 alongside Boulder, driven by engineering and software postings and the H-1B worksite record; Sidney, Ohio is the lowest at 0.88.
- India is the densest non-United States market in the evidence, with Bangalore priced 12 percent above the Indian baseline and Pune and Hyderabad at the baseline itself. Glassdoor India records supporting these bands include Design Engineer at 4 to 7 lakh rupees, Applications Engineer at 3 to 5 lakh rupees, Project Engineer at 5 to 8 lakh rupees and Project Manager at 19 to 32 lakh rupees.
- Manila and Quezon City anchor the Philippines shared-services and technical-support population, calibrated from Glassdoor engineer records at 306,000 to 635,000 pesos and manager records at 960,000 to 2 million pesos.
- Baar in Switzerland is the only market priced above the anchor at the junior end, at 1.05, and it is also the only one where the factor falls with seniority rather than rising, because Swiss pay compresses at the top of the professional ladder.
- City-level headcount is not disclosed anywhere. Bangalore, Pune, Manila, Singapore and Round Rock show the strongest role and salary-record density, but density is a proxy for evidence rather than for employee count.
Model rules
- A modelled cell is the St. Louis median multiplied by the market's calibration factor and then by the 26 August 2026 foreign-exchange snapshot. Nothing else is applied.
- Base and total carry the same factor in every market. The source bundle applies one country band factor to both base and total, so no separate equity-driven divergence is claimed; where a report shows base and total factors drifting apart offshore, that is usually a United States equity figure pasted into every country, and it has been avoided here.
- Geographic compression is level-dependent and steep. India runs from about 8 percent of the anchor at R0 to about 39 percent at R9, the Philippines from 8 percent to 28 percent, Romania from 10 percent to 40 percent and the United Arab Emirates from 28 percent to 75 percent. Australia and Switzerland run the other way, starting high and compressing slightly with seniority.
- The bundle's own country curves are convex rather than straight, so the interpolation between the junior and senior factors overstates the mid-ladder cells slightly. India at R4 is 0.15 in the source curve against roughly 0.20 on a straight line between the endpoints.
- Total compensation is base plus target variable plus any evidenced equity. The source bundle's headline totals for R0 through R4 embedded a notional benefit allowance on top of pay; that allowance has been stripped and those rows rebuilt so base plus bonus plus equity reconciles to total.
- The chief executive row is deliberately kept out of the band ladder. A single worldwide figure repeated in every city table would force every market's factor toward 1.0 at the top and produce absurd offshore cells.
Variable Pay & Annual Cash Incentive
Emerson discloses its executive Annual Cash Incentive in full and discloses nothing at all about the employee bonus grid. Named executive targets, weightings and payout factors below are company disclosures; the band targets are modelled from bonus components observed in public salary records and should not be read as an Emerson policy.
| Band | Target | Mechanism | Recent payout |
|---|---|---|---|
R0 Production / Trainee / Apprentice | 3% of base | Plant and site bonus arrangements vary by facility and by union agreement; no corporate formula is published. | Not publicly disclosed |
R1 Associate / Junior Professional | 5% of base | Annual or periodic bonus; frequency and formula vary by local role and are not disclosed. | Not publicly disclosed |
R2 Engineer / Analyst / Specialist | 8% of base | Annual or periodic bonus; frequency and formula vary by local role and are not disclosed. | Not publicly disclosed |
R3 Senior Engineer / Senior Specialist | 10% of base | Annual or periodic bonus; frequency and formula vary by local role and are not disclosed. | Not publicly disclosed |
R4 Lead / Staff / Project Manager | 12% of base | Annual or periodic bonus; frequency and formula vary by local role and are not disclosed. | Not publicly disclosed |
R5 Principal / Architect / Engineering Manager | 16% of base | Modelled annual target. Local and business-unit mechanics are not publicly disclosed, and there is no evidence that the executive formula extends here. | Not publicly disclosed |
R6 Senior Principal / Senior Manager / Plant Manager | 20% of base | Modelled annual target. Plant leadership roles are likely to carry site operating metrics that are not published. | Not publicly disclosed |
R7 Director / Technical Director | 27% of base | Modelled annual target inside an observed 20 to 35 percent envelope. | Not publicly disclosed |
R8 Vice President / Business Unit Leader | 38% of base | Modelled annual target inside an observed 25 to 50 percent envelope. Some vice presidents will sit on the executive plan, but the boundary is not disclosed. | Not publicly disclosed |
R9 SVP / EVP / Corporate Officer | 87% to 125% of base | Annual Cash Incentive on adjusted earnings per share weighted 70 percent and operating cash flow weighted 30 percent, paid after fiscal-year performance is certified. | 141.5% of target for FY2025 |
Executive incentive targets — percent of salary
Named-executive outcomes
| Executive | Target | Paid | Attainment |
|---|---|---|---|
| Lal Karsanbhai | $2,635,000 | $3,728,525 | 141.5% of target |
| Ram R. Krishnan | $1,200,000 | $1,698,000 | 141.5% of target |
| Michael J. Baughman | $900,000 | $1,273,500 | 141.5% of target |
| Michael H. Train | $790,000 | $1,117,850 | 141.5% of target |
| Michael Tang | $630,000 | $891,450 | 141.5% of target |
Employee payout timing and history
The 141.5 percent executive factor is an Annual Cash Incentive calculation for five people. Public filings do not establish the cadence, formula or payout history of any non-executive plan, and there is no evidence that plant incentives, sales commissions or project bonuses track the executive result at all. Anyone negotiating below the officer layer should ask for the specific plan document rather than assume the proxy number applies.
Sales and special incentives
Emerson publishes nothing about sales commission structures, quota mechanics, accelerators or draw arrangements, and nothing about utilisation metrics, client-satisfaction factors, monthly payout splits, onsite allowances or spot-bonus grids. All of these are recorded as not publicly disclosed rather than estimated.
Equity — RSUs, PSUs, Options & ESPP
Emerson runs a deliberately narrow long-term incentive plan alongside a deliberately broad purchase plan. The 2024 Equity Incentive Plan covered roughly 1,750 estimated eligible employees when proposed, about 2.5 percent of the workforce; the 2025 Employee Stock Purchase Plan estimated roughly 67,000 eligible. Understanding which of the two a role reaches is the single most important equity question at Emerson.
- Plan-by-plan utilisation cannot be derived from the disclosures. The 15.7 million available figure is an aggregate across all incentive-share plans, so no honest utilisation percentage can be quoted for the 2024 plan on its own.
- Options are effectively dormant as a broad instrument. Only 98,000 were outstanding at a $54.16 weighted-average exercise price, and Emerson granted no options at all in FY2023, FY2024 or FY2025 until the November 2025 special awards.
- Grant volume is modest against headcount. 1.690 million incentive shares were granted in FY2025 across roughly 71,000 employees, which is consistent with a plan aimed at about 1,750 people rather than a broad-based programme.
- Acquisition activity distorts comparisons. 1.097 million shares were assumed rather than granted in FY2025, so stock-compensation totals are not purely organic Emerson awards.
- ESPP utilisation is not disclosed. The reserve and the terms are public; participation rates, purchase volumes and the list of participating employing entities are not.
FY2025 share pool and grant activity
Vesting — common reported employee schedule
The three-year RSU cadence is faster than Emerson's historical restricted stock, which could cliff-vest over three to ten years and is still visible in older awards. Performance shares are a single three-year cliff on committee certification and can pay anywhere between nothing and 200 percent of target, with the relative total shareholder return modifier moving the result by up to 20 points either way. The November 2025 special options vest pro rata over five years, so the two most senior packages now carry a substantially longer retention tail than the annual programme does.
Eligibility by hierarchy level
- The word ESOP has two meanings at Emerson and confusing them is the most expensive mistake a candidate can make. The 2025 ESPP is a broad elective purchase plan; the 2024 Equity Incentive Plan is a discretionary award plan concentrated in key management.
- No recurring RSU or performance-share grant is evidenced at R0 through R4. The equity conversation at those bands is about ESPP participation, not about a grant.
- R5 and R6 are the first bands that plausibly fall inside the roughly 1,750-person eligible population, but eligibility is not a grant and Emerson discloses no threshold, no grant table and no typical size at any band below the named executives.
- At R8 and above equity becomes the dominant element of the package rather than a supplement, and at R9 stock awards were 58 percent of the median named executive's total.
- ESPP availability depends on whether the local employing entity participates and on local securities and tax rules, so an offer letter outside the United States should not be assumed to carry it.
- Assumed National Instruments and AspenTech awards belong to their original holders and do not establish any current Emerson grant practice.
Indicative annual grant value by band — St. Louis
| Band | Annual value (USD) | Median | Shares at $157.585 |
|---|---|---|---|
| R5 | $6K – $9K | $7K | ~35–59 |
| R6 | $9K – $15K | $12K | ~57–95 |
| R7 | $18K – $30K | $24K | ~115–192 |
| R8 | $144K – $240K | $192K | ~915–1,525 |
| R9 | $2.48M – $4.14M | $3.31M | ~15,747–26,245 |
Annualized planning value (±25%), not the face value of every new-hire grant. Share equivalents use the $157.585 reference price at 26 August 2026 and ignore plan valuation rules and PSU performance. Highlighted rows are disclosed grant-date stock awards.
Named executive target equity
| Executive | Target | Units / structure |
|---|---|---|
Lal Karsanbhai President and Chief Executive Officer | $15,413,325 FY2025 stock awards | 75,094 target performance shares at an $8,666,599 grant-date fair value plus 61,440 time-based RSUs at $6,746,726, for 136,534 target units. A separate 350,000-option special award followed in November 2025. |
Ram R. Krishnan Executive Vice President and Chief Operating Officer | $6,165,261 FY2025 stock awards | 30,037 target performance shares at $3,466,570 plus 24,576 RSUs at $2,698,691, for 54,613 target units. Also received a 350,000-option special award in November 2025. |
Michael J. Baughman Executive Vice President, Chief Financial Officer and Chief Accounting Officer | $3,308,694 FY2025 stock awards | 16,120 target performance shares at $1,860,409 plus 13,189 RSUs at $1,448,284, for 29,309 target units. |
Michael H. Train Senior Vice President and Chief Sustainability Officer | $2,055,049 FY2025 stock awards | 10,012 target performance shares at $1,155,485 plus 8,192 RSUs at $899,564, for 18,204 target units. |
Michael Tang Senior Vice President, Secretary and Chief Legal Officer | $1,952,206 FY2025 stock awards | 9,511 target performance shares at $1,097,665 plus 7,782 RSUs at $854,541, for 17,293 target units, the smallest disclosed annual grant. |
Executive Compensation
Emerson's executive disclosure is unusually complete and its employee disclosure is unusually thin, which makes the proxy the only fully verified pay data in this report. FY2025 chief executive compensation was $21,240,262 against a $52,916 median employee, a ratio of 402 to 1 and the widest in the industrial-automation peer set reviewed here.
Reading the package
Salary was $1,537,500, about 7 percent of the reported total, and stock awards were $15,413,325, about 73 percent. The other named executives averaged 16 percent salary. That mix is a deliberate design choice: the annual cash incentive alone paid more than double salary in FY2025, and the November 2025 special option award pushes the chief executive further toward share-price outcomes, with 80 percent of those 350,000 options struck between 25 and 100 percent above grant-date market price.
Emerson sits at the top of this group on reported total, but the comparison needs two caveats. Johnson Controls' FY2025 row reflects a leadership transition and is not like for like, and the Honeywell amount is a secondary extraction checked against the filing identifier rather than a directly parsed table. The pay ratios are the more revealing number: Emerson's 402:1 is materially wider than Johnson Controls at 338:1 and Rockwell Automation at 277:1, which reflects the shape of Emerson's workforce as much as the size of the chief executive package.
Named Executive Officers & Board
Five named executive officers carry full FY2025 disclosure. The broader officer group named in the 10-K is visible only as titles.
Compensation for Lisa Flavin as Chief Transformation and Compliance Officer, Peter Zornio as Chief Technology Officer, Vidya Ramnath as Chief Marketing Officer and Nick Piazza as Chief People Officer is not individually disclosed in the FY2025 Summary Compensation Table. Regional-president and business-unit-president pay is not disclosed anywhere. The R9 band row in this report is therefore a five-person sample of the corporate-officer layer, not its full range.
Board compensation framework
| Element | Amount | Notes |
|---|---|---|
| Board Chair total | $529,932 | James S. Turley received $340,000 of cash fees plus a $189,932 stock award. |
| Standard director stock award | $189,932 | Most full-year non-management directors received 1,476 RSUs at grant, an identical award across the board. |
| Director cash fee range | $140,000 to $170,000 | Serving directors other than the chair; Lori M. Lee at $170,000 and Gloria A. Flach at $165,000 sit at the top, with several directors at the $140,000 base. |
| Full-year director total range | $329,932 to $361,934 | Excluding the chair. Partial-year directors Leticia Gonçalves Lourenco and William H. Easter III received $259,932 and $88,334 respectively. |
| Director plan share availability | 25,000 shares | Remaining under the non-management director restricted-stock plan at 30 September 2025, against approximately 15,000 RSUs awarded during FY2025. |
| Chief executive board pay | $0 | Lal Karsanbhai receives no additional compensation for board service. |
The board package is notable for how flat it is. Every full-year non-management director received the same $189,932 stock award, and cash fees vary by only $30,000 across the serving directors outside the chair. The chair premium is the real differentiator at $340,000 of cash against a $140,000 base fee.
Regional heads and other officers
The FY2025 10-K executive officers section names the corporate-officer layer in full, so the hierarchy is verifiable even where the pay is not. Below that layer, vice-president, regional and functional titles appear in careers pages and filings without any accompanying pay table.
Insider Trades — SEC Forms 3/4/5
Emerson Electric Co. is a New York Stock Exchange issuer, so SEC Forms 3, 4 and 5 are the correct insider record. Indian frameworks including BSE and NSE filings, SEBI disclosure and the SAST regulations do not apply to the parent company.
| Date | Person | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-11 | Lal Karsanbhai President and Chief Executive Officer | Sale Open-market sale at a weighted-average price, reported on a Form 4 filed 12 August 2026. Weighted-average sales can comprise multiple executions within a disclosed range. | 9,650 | $161.91 | $1.56M |
| 2026-08-06 | Michael H. Train Senior Vice President and Chief Sustainability Officer | Sale Open-market sale reported on a Form 4 filed 7 August 2026. | 7,329 | $158.99 | $1.17M |
| 2026-06-01 | Ram R. Krishnan Executive Vice President and Chief Operating Officer | Sale Open-market sale reported on a Form 4 filed 2 June 2026, at the lowest price of the three 2026 sales. | 11,500 | $141.22 | $1.62M |
| 2025-12-02 | Lal Karsanbhai President and Chief Executive Officer | Exercise Option exercise reported on a Form 4 filed 4 December 2025 and executed across 2 and 3 December. The $682,500 is the aggregate exercise cost, not a gain. | 15,000 | $45.50 | $683K |
| 2025-12-03 | Lal Karsanbhai President and Chief Executive Officer | Sale Sale following the option exercise, on the same Form 4 filed 4 December 2025. | 7,263 | $133.00 | $966K |
Reading guide
Benefits & Perks
Emerson publishes no global benefits book, so most of what can be verified is either a statutory floor or a line in a current job posting. The regions below are grouped by the way benefit obligations actually differ, and the honest answer in several of them is that the statutory baseline is the only reliable fact.
United States
- Retirement — Profit-sharing retirement programme effective 1 January 2025. Introduced for United States non-union employees, with a base cash-balance contribution and a potential defined-contribution profit-sharing element. The match percentage and vesting schedule are not published. [official]
- Retirement — Legacy pension closed and frozen. The principal United States pension plan was closed to hires after 1 January 2016 and future-service accruals were frozen on 31 December 2024. Anyone hired since 2016 has never had access to it. [official]
- Medical — Medical, dental, vision and employee assistance. Referenced consistently in current Emerson United States job postings. Carriers, the employer premium share, health savings account seed and disability limits are not published. [official]
- Growth — Tuition reimbursement. Referenced in current United States postings alongside recognition programmes. No annual cap is published. [official]
- Leave — Paid parental and family benefits. Referenced in postings; the paid-time-off schedule by grade is not disclosed. [npd]
Global programs
- Equity — 2025 Employee Stock Purchase Plan. The broadest reward programme Emerson runs, with roughly 67,000 employees estimated eligible when proposed, generally 1 to 15 percent payroll deductions and a default purchase at 90 percent of market. Availability depends on the employing entity participating. [official]
- Growth — Learning, development and internal mobility. Emerson careers materials describe early-career, engineering, software and manufacturing pathways plus internal opportunity programmes. Specific learning platforms, certification budgets and sabbatical rules are not published. [official]
- Culture — 2025 global engagement survey. 91 percent participation, a 79 percent engagement index and an 80 percent inclusion index. Emerson trained approximately 6,300 people leaders in response to the feedback. [official]
- Wellbeing — Wellbeing and inclusion programmes. Described in careers materials without programme-level detail. The employee assistance provider and any global remote-work entitlement are not consistently public. [npd]
- Governance — Clawback and double-trigger provisions. The 2024 Equity Incentive Plan carries clawback terms, and the November 2025 special option awards carry double-trigger change-in-control treatment. [official]
Benefit fields not publicly quantified
Benefit evidence at Emerson is thinner than at most companies in this series because there is no public global rewards portal. Where a line above says not publicly disclosed, no source in the research bundle supports a figure, and the statutory baseline is doing all the work. Local benefits should always be read alongside the country's own social-insurance system and the specific employing entity's policy, because Emerson operates through many legal entities and participation in group programmes varies between them.
Performance Review & Pay Progression
Emerson discloses a great deal about how it measures its executives and nothing about how it measures anyone else. There is no published rating scale, no distribution, no merit calendar and no promotion-increase policy, and this report deliberately shows no invented bell curve in their place.
Not publicly disclosed
Modeled promotion planning timeline
| Band | Years to next scope | Promotion hike | Status |
|---|---|---|---|
| R0 | 1–3 years to R1 | Not disclosed | Modeled planning interval |
| R1 | 1–3 years to R2 | Not disclosed | Modeled planning interval |
| R2 | 2–4 years to R3 | Not disclosed | Modeled planning interval |
| R3 | 2–4 years to R4 | Not disclosed | Modeled planning interval |
| R4 | 3–5 years to R5 | Not disclosed | Modeled planning interval |
| R5 | 3–5 years to R6 | Not disclosed | Modeled planning interval |
| R6 | 3–6 years to R7 | Not disclosed | Modeled planning interval |
| R7 | 3–6 years to R8 | Not disclosed | Modeled planning interval |
| R8 | Variable; role and market dependent | Not disclosed | Modeled planning interval |
| R9 | Board and committee appointment | Not disclosed | Modeled planning interval |
The two facts that do exist are worth using. FY2025 executive salary decisions considered company performance, individual performance, inflation, potential, competitive market compensation and market survey data, which is a conventional list but confirms that market survey benchmarking is part of the process. And the 1 October effective date for named executive salaries at least establishes the fiscal-year rhythm the company works to, even if it cannot be assumed to apply below the officer layer.
Pay progression evidence
Modelled progression, not Emerson policy: R0 to R1 typically takes 1 to 3 years, R1 to R2 1 to 3 years, R2 to R3 2 to 4 years, R3 to R4 2 to 4 years, R4 to R5 3 to 5 years, R5 to R6 3 to 5 years and R6 to R7 3 to 6 years, with a modelled 8 to 18 percent increase on promotion through R6. R7 to R8 and R8 to R9 are role and market dependent rather than time based. The 8 to 18 percent band is a planning heuristic drawn from market norms rather than an Emerson figure. Some employee reviews describe slow or low annual raises, and isolated anonymous comments cite outcomes around 12 percent with best cases near 20 percent; those anecdotes are not policy and are not used as a verified range anywhere in this report.
H-1B / LCA Visa Footprint — United States
Emerson is a light H-1B sponsor for a company of its size. Emerson Electric Co. as an exact sponsor certified only 31 labour condition applications across the five years FY2021 to FY2025, five of them in FY2025, which is a rounding error against a workforce of roughly 71,000 and reflects a business whose United States roles are mostly manufacturing, field service and commercial rather than software.
Dataset summary
| Dataset | Result | Interpretation |
|---|---|---|
| Emerson Electric Co. exact-parent sponsor | 31 certified labour condition applications, $116,522 median | The headline figure used throughout this report, drawn from a DOL-derived structured dataset covering FY2021 to FY2025. |
| Broad 'Emerson' name aggregation | 173 records, $110,000 median | A 2025 aggregation that folds multiple legal entities together. It is not the parent company and should not be quoted as such. |
| Emerson Automation Solutions Final Control | Approximately $119,932 median | A separate subsidiary sponsor, kept apart from the parent figure here. |
| USCIS petition approvals | Not verified | A labour condition application is a prerequisite to an H-1B petition and can cover more than one worker. No consolidated USCIS approval rate for the exact employer could be verified. |
| City-level wage percentiles | Not published | The source publishes worksite record counts but no per-city percentile distribution, so only the sponsor-wide distribution is reliable. |
City-level H-1B wage history
| City | P25 | Median | P75 | Records |
|---|---|---|---|---|
Emerson Electric Co. sponsor-wide The only level at which a wage distribution is published. Worksite counts exist for St. Louis at 31 displayed records, Round Rock at 2, and Austin, Eden Prairie and Houston at 1 each, but those may reflect overlapping multi-worksite records and cannot be summed as unique petitions. | $92K | $116,522 | $140K | 31 |
All-years aggregates. P25/P75 are rounded reconstruction values marked modeled; medians and record counts are the stronger fields.
Selected title / worksite records
| Title | Worksite | Proffered wage | Notes |
|---|---|---|---|
| Oracle Transportation Program Manager | Not specified in the source display | $160,207 | Three records; the highest-paid recurring title in the filing set. |
| Director, IT Service Delivery North America | Not specified in the source display | $163,100 | A single record and the highest individual wage among the named examples. |
| Product Manager | Round Rock, Texas | $161,000 | One Round Rock example against a $111,093 signal for the Product Manager title generally, which shows how much the Austin corridor lifts the same title. |
| Senior Manager III, Product Data Management | Not specified in the source display | $125,000 | Three records. |
| Strategic Planner | Not specified in the source display | $105,000 | Four records, the most frequent single title in the set. |
| Splunk Security Tools Engineer | St. Louis, Missouri | $88,254 | A single headquarters example, and a useful reminder that St. Louis sits below the Texas worksites on the same kind of work. |
| Mobile Software Engineer | Not specified in the source display | $83,637 | Three records and the lowest recurring title wage in the set. |
Reading the data correctly
- A labour condition application is not an approved petition. LCA certification is a prerequisite step, a single application can cover more than one worker, and no USCIS approval rate was verified for this employer.
- Labour condition application wages are base salary only. They exclude any bonus, equity or allowance and must never be compared directly with a total compensation figure from the band tables.
- Searching on the name Emerson aggregates several legal entities. The 173-record, $110,000-median result and the Emerson Automation Solutions Final Control median are different sponsors from Emerson Electric Co. and are shown separately for that reason.
- With 31 records across five years, the distribution is small enough that a handful of senior filings move the median materially. Treat the quartiles as indicative rather than as a stable wage curve.
- Displayed worksite counts overlap. The 31 records shown against St. Louis are the same order of magnitude as the entire sponsor total, which indicates multi-worksite records rather than 31 distinct St. Louis petitions.
Key Nuances & Insights
Executive incentive design, long-term incentive mix, payout formulas, grant sizes and pay ratio are all disclosed to the dollar. Broad-workforce pay bands, rating rules, merit budgets and grant eligibility are disclosed nowhere at all. Everything in this report either sits on one side of that line or the other, and the evidence class on each row says which.
The 2025 Employee Stock Purchase Plan estimated roughly 67,000 eligible employees; the 2024 Equity Incentive Plan estimated roughly 1,750. That is a thirty-eight-fold difference in reach. A recruiter saying the role has stock access may mean the purchase plan, which costs the employee money, rather than a grant.
About 1,750 estimated eligible employees against roughly 71,000 is one of the narrowest equity populations in this series, and eligibility still does not mean a grant. Anyone below the director layer should price an Emerson offer as cash plus benefits and treat equity as upside rather than as part of the package.
159.6 percent in FY2023, 158.5 percent in FY2024 and 141.5 percent in FY2025, on a formula weighted 70 percent adjusted earnings per share and 30 percent operating cash flow. Every named executive received the identical factor each year, so the plan is a company-result instrument with no individual differentiation at all.
The 13 November 2025 awards give Karsanbhai and Krishnan 350,000 options each in five 70,000-option tranches, at market and at 25, 50, 75 and 100 percent above grant-date market price, vesting pro rata over five years. Four of the five tranches are worthless unless the share price rises materially, which is a far more demanding structure than a conventional retention grant.
Emerson granted no options at all in FY2023, FY2024 or FY2025, and only 98,000 remained outstanding at a $54.16 weighted-average exercise price. The November 2025 special awards are therefore a deliberate departure from practice rather than a continuation of it.
Time-based RSUs became 45 percent of named executive annual long-term incentive only from FY2024. Before that the annual programme was performance shares. The change added retention ballast to packages that had previously been fully contingent.
Discretionary restricted stock and special RSUs carry service periods from one to ten years, and historical restricted stock has cliff-vested over three to ten. Anyone holding a legacy Emerson award should check its schedule rather than assume the three-year cadence that now applies to annual grants.
The principal pension plan closed to hires after 1 January 2016 and future-service accruals froze on 31 December 2024, and a profit-sharing retirement programme took effect for United States non-union employees on 1 January 2025. Three cohorts of United States employees therefore have three materially different retirement propositions, and the new programme's contribution rates are not published.
Modelled India base pay runs at about 8 percent of the St. Louis anchor at the plant and trainee band and about 39 percent at the corporate-officer band. The Philippines runs 8 percent to 28 percent and the United Arab Emirates 28 percent to 75 percent. The entry-level gap is more than twelve times in India; the officer-level gap is under three.
Baar prices at 1.05 of the St. Louis anchor at the junior end and 0.95 at the senior end, the reverse of every offshore market in the table. Australia and New Zealand behave the same way to a lesser degree, starting at 0.75 and 0.65 and drifting rather than climbing.
Emerson assumed 1.097 million incentive shares in FY2025 against 1.690 million granted, and paid $76 million to settle AspenTech options. FY2025 stock-compensation expense of $265 million includes $24 million of AspenTech plans. None of that reflects a broadening of Emerson's own grant practice.
A closure affecting approximately 139 positions was reported through WARN-related media data in 2026. It is a secondary source, it is local restructuring rather than evidence of a company-wide action, and no verified company-wide salary freeze, pay cut or hiring action was found in the last two years. Confirm against the state WARN register before relying on it.
Emerson Electric Co. is a New York Stock Exchange issuer. SEC Forms 3, 4 and 5 and Schedule 13D and 13G filings are the correct insider record. BSE and NSE filings, SEBI disclosure and the SAST regulations do not apply to the parent company, whatever local subsidiary filings may exist.
Research control
Against Honeywell, Johnson Controls and Rockwell Automation, Emerson pays its chief executive the most in absolute terms at $21.24 million and carries by far the widest pay ratio at 402 to 1, against 338 to 1 at Johnson Controls and 277 to 1 at Rockwell Automation. The ratio gap says more about the workforce than the package: Emerson's $52,916 median employee reflects a genuinely global manufacturing population, and a company with a heavier professional mix would show a narrower ratio on the same executive pay. On employee-facing design Emerson is the more conservative of the group in one specific way, in that its long-term incentive population of roughly 1,750 is narrow even by industrial standards, and it is more generous in another, in that the 2025 ESPP purchases at 90 percent of market rather than the 85 percent floor most plans use.
Evidence classification
| Label | Meaning | Examples and permitted use |
|---|---|---|
| Verified | An Emerson SEC filing, an official Emerson page or a government rule. | Executive and director compensation, equity plan terms, share pool activity, insider trades, headcount, net sales, statutory benefits and foreign exchange rates. |
| Reported | A named third-party dataset with observable records, chiefly Levels.fyi, PayScale, Indeed, Glassdoor and the DOL-derived visa dataset, or an Emerson job posting with a published salary range. | The St. Louis anchor medians at R2 through R4, the India, Australia, Philippines, Germany and Singapore city calibrations, and the H-1B wage distribution. |
| Modeled | The St. Louis anchor median multiplied by a country band factor, then a city factor, then the 26 August 2026 foreign-exchange snapshot, inside a planning envelope. | Every city without a direct salary observation, the R0, R1 and R5 through R8 anchor rows, and every equity allowance below the named executive officers. |
| Not publicly disclosed | No source in the research bundle supports a figure. | Attrition, rating scales, merit budgets, promotion increases, grant sizes below the named executives, city headcount and most country benefit detail. Recorded as such rather than estimated. |
Explicit “Not publicly disclosed” index
Known gaps and diligence before relying on a cell
- 1The chief executive row is carried in the executive section and deliberately excluded from the band ladder. A single worldwide $21,240,262 figure repeated in every city table would force every market's calibration factor toward 1.0 at the most senior band and produce nonsense offshore cells, so the employee ladder tops out at R9 and the interpolation fits that ladder.
- 2The R9 row itself is a five-person proxy sample rather than a true corporate-officer range, and it is marked excluded from the range chart for that reason. Its offshore cells describe the source bundle's regionalised senior-officer model, not observed local officer pay.
- 3The source bundle's headline totals for R0 through R8 combined base, target variable pay and a benefit or equity allowance. That is employer cost rather than pay, so the R0 through R4 rows have been rebuilt as base plus target bonus with no equity, and the R5 through R8 rows retain the allowance only as a modelled equity component because the bundle records long-term incentive eligibility from R5 upward.
- 4Base and total factors are identical in every market because the source applies a single country band factor to both. No separate equity-driven divergence is claimed, and readers should not interpret the matching factors as an absence of geographic equity variation, only as an absence of evidence for one.
- 5The country factor curves in the source are convex, so the linear interpolation between the junior and senior factors used here runs above the source curve in the middle of the ladder. India at R4 is 0.15 in the source against roughly 0.20 interpolated.
- 6Seven cities in the source bundle, Chihuahua, Reynosa and Monterrey in Mexico, Suzhou, Shanghai and Tianjin in China, and Calgary in Canada, carried no presence evidence, no employing entity and no salary observation, only a scope-prescribed selector entry with entirely modelled pay. They have been dropped rather than priced.
- 7The plant and frontline population is carried on the same ladder as the professional bands because it compresses in the same direction offshore, only more steeply. That is the opposite of the retail and logistics pattern where frontline pay behaves inversely, so a single interpolated factor is defensible here, but plant pay is still set against local hourly and union markets rather than against a corporate band.
- 8Three United States plant cities, Shakopee, Marshalltown and Sidney, are carried on a presence signal with entirely modelled pay and no direct salary observation. Their factors of 1.05, 0.90 and 0.88 are market-cost estimates rather than Emerson observations.
- 9The Honeywell peer chief executive figure is a secondary extraction cross-checked against the 2026 proxy filing identifier rather than a directly parsed table, and the Johnson Controls figure covers a partial-year chief executive.
- 10Switzerland and Romania salary observations are sparse enough that some may represent net rather than gross pay, which would understate the gross factors used for Baar and Cluj-Napoca.
- 11The Virginia facility closure affecting approximately 139 positions comes from a secondary WARN-related media report and has not been confirmed against a state register.
FX rates used — 1 USD equals, snapshot 2026-08-26
Single-date conversion layer for comparability; it ignores payroll-date FX, tax, purchasing power, benefits valuation and hedging. Compensation intelligence, not legal, tax, investment, immigration or employment advice.
Source register — 14 sources
| 10-K | Emerson Electric Co. FY2025 Form 10-K · United States Securities and Exchange Commission · Filed 13 November 2025 for the year ended 30 September 2025. Headcount, net sales, stock-compensation expense, share pool activity, option position, pension and profit-sharing transition, AspenTech acquisition, executive officer list. |
| DEF14A-26 | Emerson Electric Co. 2026 Proxy Statement · United States Securities and Exchange Commission · Filed 12 December 2025. FY2025 named executive compensation, incentive targets and outcomes, performance-share design, special option awards, director compensation, CEO pay ratio, peer context. |
| DEF14A-25 | Emerson Electric Co. 2025 Proxy Statement and 2025 ESPP proposal · United States Securities and Exchange Commission · Filed 13 December 2024. Employee Stock Purchase Plan terms, share reserve, eligible population and contribution limits. |
| DEF14A-24 | Emerson Electric Co. 2024 Proxy Statement and 2024 Equity Incentive Plan · United States Securities and Exchange Commission · Board adopted 7 November 2023; approved at the 2024 annual meeting. Equity Incentive Plan authorisation, award types, eligibility estimate and governance terms. |
| F4 | SEC Forms 4 for Karsanbhai, Krishnan and Train · United States Securities and Exchange Commission · Filed 4 December 2025, 2 June 2026, 7 August 2026 and 12 August 2026. Insider sales, the December 2025 option exercise and the sale that followed it. |
| CAREERS | Emerson careers, career opportunities, Australia and New Zealand, and Middle East and Africa pages · Emerson Electric Co. · Retrieved August 2026. Title catalogue, regional presence for Australia, New Zealand and the Dubai Solutions Center, and posted benefit references. |
| LEVELS | Levels.fyi Emerson salary records · Levels.fyi · Updated 26 August 2026. The $93,786 company median, $106,250 Software Engineer, $162,000 Engineering Manager and $201,000 Program Manager anchors. |
| PAYSCALE | PayScale Emerson Electric Co. United States page · PayScale · 2026 page. The $89,447 average and the $60,919 to $131,168 employer range used to cross-check R1 through R4 base. |
| INDEED | Indeed Emerson Engineer United States and Emerson Asia Pacific Singapore pages · Indeed · Retrieved August 2026. The $101,680 Engineer average from ten postings and the Singapore calibration drawn from 878 local job postings. |
| GLASSDOOR | Glassdoor Emerson salary pages for India, Australia, Manila and Germany · Glassdoor · Retrieved August 2026. City calibrations for Bangalore, Pune, Melbourne, Sydney, Perth, Manila, Frankfurt and Langenfeld. |
| H1B | DOL-derived Emerson Electric Co. H-1B labour condition application dataset · Elevate Staffing structured DOL extract · FY2021 to FY2025, retrieved August 2026. The 31 certified applications, the $116,522 median and quartiles, wage-level mix and worksite counts. |
| PEER | Rockwell Automation FY2026 proxy and Johnson Controls 2026 proxy · United States Securities and Exchange Commission · Filed 2025 and 2026. Peer chief executive totals and pay ratios. |
| ECB | European Central Bank euro reference exchange rates · European Central Bank · 26 August 2026. Every currency conversion in this report, cross-converted to United States dollar terms. The dirham uses its long-standing 3.6725 dollar peg. |
| STAT | EPFO, Fair Work Ombudsman, UK workplace pensions and Philippines DOLE guidance · Government of India, Australian Government, UK Government, Philippine Department of Labor and Employment · Retrieved August 2026. Statutory provident fund, superannuation guarantee, auto-enrolment pension and 13th-month pay baselines. |
Recent News & Workforce Trend
Emerson's compensation news over the past two years is about structure rather than about a pay action. Two new equity plans, a rebuilt United States retirement proposition and an unusual special option award to the top two executives, with no company-wide salary announcement of any kind found in any reviewed source.
Emerson discloses a single global headcount and nothing beneath it. There is no country split, no city breakdown, no segment headcount and no attrition rate, which means job-posting density is the only geographic signal available and density is evidence of hiring activity rather than of employee count. The two FY2025 figures differ because they were measured three months apart and on slightly different bases.
16,000,000 shares authorised for performance shares, restricted shares, RSUs, options and other awards, with the proxy estimating roughly 1,750 eligible employees. Shareholder approval followed at the 2024 annual meeting.
10,000,000 shares reserved with roughly 67,000 employees estimated eligible, payroll deductions of generally 1 to 15 percent and a default purchase at 90 percent of market. Shareholder approval followed at the 2025 annual meeting.
Future service under the former pension formula stopped accruing. The plan had already been closed to new hires after 1 January 2016.
A profit-sharing retirement design for United States non-union employees, with a base cash-balance contribution and a potential defined-contribution profit-sharing element. Contribution rates are not published.
Emerson acquired the remaining AspenTech shares and AspenTech became wholly owned. AspenTech performance shares and RSUs were converted into Emerson RSUs and $76 million was paid to settle AspenTech options.
The approved 2025 plan broadened potential employee stock access from roughly 1,750 eligible under the award plan to roughly 67,000, subject to participating entities and local rules.
Stock-compensation expense of $265 million, 15.7 million shares remaining across incentive-share plans, 21.6 million reserved and 2.976 million unvested restricted shares and RSUs.
Lal Karsanbhai and Ram Krishnan each received 350,000 nonqualified options in five 70,000-option tranches struck at market and at 25, 50, 75 and 100 percent above grant-date market price, vesting pro rata over five years with a ten-year term.
Exercised at $45.50 for an aggregate $682,500 exercise cost, with 7,263 shares then sold at $133.00 for $965,979. Emerson had granted no options in the three preceding fiscal years.
The FY2025 Annual Cash Incentive paid 141.5 percent of target to all five named executives, the FY2023 to FY2025 performance-share programme certified at 115 percent, and the CEO pay ratio was 402 to 1 against a $52,916 median employee.
Ram Krishnan sold 11,500 shares at $141.22 for $1,624,030.
Lal Karsanbhai sold 9,650 shares at a weighted-average $161.9139 for $1,562,469, six days after Michael Train sold 7,329 shares at $158.99.