Company: ROK
Filing Date: 2025-11-12
Form Type: 10-K
Source: 0001024478-25-000116
Chunk: 333

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-11-12
Form: 10-K
Item: Item 8
Chunk 333
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 ended September 30, 2025, 2024, and 2023, was $387.72, $295.06, and $340.77, respectively, which we determined using a Monte Carlo simulation and the following assumptions:202520242023Average risk-free interest rate4.11 %4.45 %4.08 %Expected dividend yield1.76 %1.79 %1.82 %Expected volatility34 %30 %39 %The average risk-free interest rate is based on the three-year U.S. Treasury security rate in effect as of the grant date. The expected dividend yield is based on the expected annual dividend as a percentage of the market value of our common stock as of the grant date. The expected volatilities were determined using daily historical volatility for the most recent three-year period as of the grant date.

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Restricted Stock UnitsWe grant restricted stock units to certain employees, and non-employee directors may elect to receive a portion of their compensation in restricted stock units. Restrictions on employee restricted stock and employee restricted stock units generally lapse over periods ranging from one to three years. Director restricted stock units generally are payable upon retirement. We value restricted stock and restricted stock units at the closing market value of our common stock on the date of grant. The weighted average fair value of restricted stock and restricted stock unit awards granted during the years ended September 30, 2025, 2024, and 2023, was $299.05, $276.34, and $263.67, respectively. The total fair value of shares vested during the years ended September 30, 2025, 2024, and 2023, was $64 million, $60 million, and $54 million, respectively.A summary of restricted stock and restricted stock unit activity for the year ended September 30, 2025, is as follows:Shares(in thousands)Wtd. Avg.Grant DateShareFair ValueOutstanding at October 1, 2024468 $274.55 Granted102 299.05 Vested(214)279.75 Forfeited(31)272.92 Outstanding at September 30, 2025325 278.96 We also granted approximately 6,100 shares of unrestricted common stock to non-employee directors during the year ended September 30, 2025.