Form 4: Regal Rexnord CEO Louis V. Pinkham Acquires Additional Shares Through Dividend Reinvestment
SEC Form 4
CEO Louis V. Pinkham increased his holdings in Regal Rexnord Corp through the acquisition of additional restricted stock units via a dividend reinvestment program.
Summary
- On October 11, 2024, Louis V. Pinkham, CEO of Regal Rexnord Corp, acquired 163.893 shares of common stock.
- The acquisition was a result of additional restricted stock units credited to him under the dividend equivalent reinvestment provision.
- The price per share was $171.22, and the shares were acquired directly.
- Following the transaction, Pinkham directly owns 103,074.235 shares of Regal Rexnord Corp.
- Pinkham also holds stock appreciation rights (SARs) that vest over time and are exercisable into common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction (dividend reinvestment) by the CEO, which can be interpreted as a sign of confidence, but it's not a major event.
Positives
- The CEO's increased stake in the company through dividend reinvestment could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's continued investment in the company.
Stakeholder Impact
- The increased stake of the CEO may positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/08/2021 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/18/2021 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2022 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2023 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2024 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2025 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2023 Omnibus Incentive Plan. |
| 10/11/2024 | Date of the transaction where Louis V. Pinkham acquired common stock. |
| 10/16/2024 | Date of signature for the Form 4 filing. |
| 05/08/2029 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/18/2030 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2031 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2032 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2033 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2034 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2023 Omnibus Incentive Plan. |
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