Form 4: Regal Rexnord CEO Louis V. Pinkham Acquires Additional Shares Through Dividend Reinvestment
SEC Form 4 Filing
CEO Louis V. Pinkham increased his holdings in Regal Rexnord through the reinvestment of dividend equivalents into restricted stock units.
Summary
- On July 12, 2024, Louis V. Pinkham, CEO of Regal Rexnord Corp, acquired 192.361 shares of common stock.
- This acquisition was a result of reinvesting dividend equivalents into restricted stock units at a price of $145.53 per share.
- Following the transaction, Pinkham directly owns 102,910.342 shares of Regal Rexnord Corp.
- Pinkham also holds stock appreciation rights (SARs) that are exercisable at various dates and prices, with expiration dates ranging from 2029 to 2034.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to the CEO increasing their stake in the company, which is generally seen as a good sign. However, the transaction is routine and related to dividend reinvestment, limiting the impact.
Positives
- The CEO's increased stake in the company through dividend reinvestment could signal confidence in the company's future performance.
Industry Context
Executive stock ownership is often viewed positively by investors, as it aligns management's interests with those of shareholders. Dividend reinvestment further reinforces this alignment.
Stakeholder Impact
- The increased stake of the CEO could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/08/2021 | Date of grant for some stock appreciation rights. |
| 02/18/2021 | Date of grant for some stock appreciation rights. |
| 02/23/2022 | Date of grant for some stock appreciation rights. |
| 02/23/2023 | Date of grant for some stock appreciation rights. |
| 02/23/2024 | Date of grant for some stock appreciation rights. |
| 07/12/2024 | Date of stock acquisition through dividend reinvestment. |
| 07/16/2024 | Date of signature for the Form 4 filing. |
| 02/23/2025 | Date of grant for some stock appreciation rights. |
| 05/08/2029 | Expiration date for some stock appreciation rights. |
| 02/18/2030 | Expiration date for some stock appreciation rights. |
| 02/23/2031 | Expiration date for some stock appreciation rights. |
| 02/23/2032 | Expiration date for some stock appreciation rights. |
| 02/23/2033 | Expiration date for some stock appreciation rights. |
| 02/23/2034 | Expiration date for some stock appreciation rights. |
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