Company: ROK
Filing Date: 2025-11-12
Form Type: 10-K
Source: 0001024478-25-000116
Chunk: 332

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-11-12
Form: 10-K
Item: Item 8
Chunk 332
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ercisable at September 30, 20251,085 216.77 4.2144 The amount of options expected to vest is materially consistent with those outstanding and not yet exercisable.Performance Share Awards

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Certain officers and key employees are also eligible to receive shares of our common stock in payment of performance share awards granted to them. Grantees of performance shares will be eligible to receive shares of our common stock depending upon our total shareowner return, assuming reinvestment of all dividends, relative to the performance over a three-year period of companies in the S&P 500 Selected GICS groups: Capital Goods, Software and Services, and Technology Hardware and Equipment. The number of shares actually earned for awards granted will range from zero percent to 200 percent of the targeted number of performance shares for the three-year performance periods and will be paid, to the extent earned, in the fiscal quarter following the end of the applicable three-year performance period.A summary of performance share activity for the year ended September 30, 2025, is as follows:Shares(in thousands)Wtd. Avg.Grant DateShareFair ValueOutstanding at October 1, 2024159 $347.92 Granted (1)58 387.72 Adjustment for performance results achieved (2)(31)481.28 Forfeited(17)329.35 Outstanding at September 30, 2025169 338.95 (1) Performance shares granted assuming achievement of performance goals at target.(2) Adjustments were due to the number of shares vested under fiscal 2022 awards at the end of the three-year performance period ended September 30, 2024, being lower than the target number of shares.The following table summarizes information about performance shares vested during the years ended September 30, 2025, 2024, and 2023:202520242023Percent payout— %92 %177 %Shares vested (in thousands)— 31 48 Total fair value of shares vested (in millions)$— $9 $13 For the three-year performance period ended September 30, 2025, the payout will be 70% of the target number of shares, with a maximum of approximately 35,000 shares to be delivered in payment under the awards in December 2025.The per share fair value of performance share awards granted during the years