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 April 14, 2025, Louis V. Pinkham, CEO of Regal Rexnord Corp, acquired 115.577 shares of common stock at a price of $100.47 per share.
- This acquisition was a result of dividend equivalent reinvestment related to outstanding restricted stock unit awards.
- Following the transaction, Pinkham directly owns 139,035.831 shares of Regal Rexnord common stock.
- Pinkham also holds stock appreciation rights (SARs) with varying exercise prices and expiration dates, granted under the 2018 Equity Incentive Plan and the 2023 Omnibus Incentive Plan.
- These SARs vest in three tranches: 34% on the first anniversary, 33% on the second anniversary, and 33% on the third anniversary of the grant date.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO increasing their stake through dividend reinvestment suggests confidence, but it's a routine transaction.
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. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- Dividend reinvestment programs are a common way for executives to increase their ownership stake in the company without directly purchasing shares on the open market.
- The vesting schedules of the SARs (34%, 33%, 33% over three years) are fairly standard in the industry.
Stakeholder Impact
- The increased ownership by the CEO could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/18/2021 | Grant date of stock appreciation rights with an exercise price of $84.39 and an expiration date of 02/18/2030. |
| 02/23/2022 | Grant date of stock appreciation rights with an exercise price of $133.77 and an expiration date of 02/23/2031. |
| 02/23/2023 | Grant date of stock appreciation rights with an exercise price of $151.27 and an expiration date of 02/23/2032. |
| 02/23/2024 | Grant date of stock appreciation rights with an exercise price of $154.2 and an expiration date of 02/23/2033. |
| 02/23/2025 | Grant date of stock appreciation rights with an exercise price of $168.47 and an expiration date of 02/23/2034. |
| 04/14/2025 | Date of transaction where Louis V. Pinkham acquired common stock through dividend reinvestment. |
| 04/16/2025 | Date of signature for the Form 4 filing. |
Keywords
Regal Rexnord, RRX, Louis V. Pinkham, CEO, Form 4, Beneficial Ownership, Dividend Reinvestment, Restricted Stock Units, Stock Appreciation Rights, SARs, Equity Incentive Plan
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