Form 4: Regal Rexnord CEO Louis Pinkham Reports Stock Transactions
SEC Form 4
CEO Louis Pinkham reports acquisition and disposal of Regal Rexnord Corp stock and stock appreciation rights.
Summary
- On February 23, 2024, Louis V. Pinkham, CEO of Regal Rexnord Corp, reported transactions involving the company's stock.
- Pinkham acquired 10,655 shares of common stock at $0, increasing his direct holdings.
- He also disposed of 4,323 shares to cover tax obligations at a price of $168.47 per share.
- Additionally, Pinkham acquired 21,372 shares of common stock at $0 related to the settlement of performance share units.
- He disposed of 8,580 shares to cover tax obligations at a price of $168.47 per share.
- Pinkham also acquired 28,560 stock appreciation rights (SARs) with an exercise price of $168.47, exercisable starting February 23, 2025, and expiring February 23, 2034.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions can be influenced by factors such as compensation plans, tax strategies, and personal financial planning.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/18/2021 | Date of stock-settled SARs grant with vesting starting on this date. |
| 05/08/2021 | Date of stock-settled SARs grant with vesting starting on this date. |
| 02/23/2022 | Date of stock-settled SARs grant with vesting starting on this date. |
| 02/23/2023 | Date of stock-settled SARs grant with vesting starting on this date. |
| 12/31/2023 | End date of the performance period for performance share units. |
| 02/23/2024 | Date of the reported transactions, including stock acquisitions, disposals, and SARs grants. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
| 05/08/2029 | Expiration date for stock-settled SARs granted on 05/08/2021. |
| 02/18/2030 | Expiration date for stock-settled SARs granted on 02/18/2021. |
| 02/23/2031 | Expiration date for stock-settled SARs granted on 02/23/2022. |
| 02/23/2032 | Expiration date for stock-settled SARs granted on 02/23/2023. |
| 02/23/2033 | Expiration date for stock-settled SARs granted on 02/23/2024. |
| 02/23/2034 | Expiration date for stock-settled SARs granted on 02/23/2024. |
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