Form 4: Regal Rexnord CFO Exercises Stock Appreciation Rights and Disposes of Shares
SEC Form 4 Filing
Regal Rexnord's CFO, Robert Rehard, exercised stock appreciation rights and disposed of shares, resulting in a net change in his beneficial ownership.
Summary
- Robert Rehard, the Executive Vice President and CFO of Regal Rexnord Corp, executed transactions involving stock appreciation rights (SARs) and common stock on November 7, 2024.
- He exercised SARs at prices of $74.56 and $54.79, acquiring 2,148 and 3,317 shares respectively.
- Following the exercise of SARs, 3,472 shares were disposed of at a price of $178.92.
- The transactions resulted in a net change in his beneficial ownership of common stock, with a final holding of 33,407.949 shares.
- The report also notes a correction of 73.712 dividend equivalent shares that were previously incorrectly credited to the reporting person.
Sentiment
Score: 5
Explanation: The document is a routine filing of insider transactions, with no indication of positive or negative sentiment. It is a neutral event.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- The vesting schedules for the SARs are typical for executive compensation packages, with vesting periods ranging from three to five years.
- The use of stock appreciation rights is a common practice among publicly traded companies to align executive interests with shareholder value.
- Companies like General Electric, Honeywell, and Siemens also use similar equity-based compensation plans for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the exercise of existing compensation plans.
- The transactions do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/12/2017 | Grant date of stock-settled SARs under the 2013 Equity Incentive Plan, vesting over five years. |
| 05/11/2018 | Grant date of stock-settled SARs under the 2013 Equity Incentive Plan, vesting over five years. |
| 05/10/2019 | Grant date of stock-settled SARs under the 2018 Equity Incentive Plan, vesting over five years. |
| 05/09/2020 | Grant date of stock-settled SARs under the 2018 Equity Incentive Plan, vesting over five years. |
| 05/08/2021 | Grant date of stock-settled SARs under the 2018 Equity Incentive Plan, vesting over five years. |
| 02/18/2021 | Grant date of stock-settled SARs under the 2018 Equity Incentive Plan, vesting over three years. |
| 02/23/2022 | Grant date of stock-settled SARs under the 2018 Equity Incentive Plan, vesting over three years. |
| 02/23/2023 | Grant date of stock-settled SARs under the 2018 Equity Incentive Plan, vesting over three years. |
| 02/23/2024 | Grant date of stock-settled SARs under the 2018 Equity Incentive Plan, vesting over three years. |
| 11/07/2024 | Date of the reported transactions, including the exercise of SARs and disposal of shares. |
| 02/23/2025 | Grant date of stock-settled SARs under the 2023 Omnibus Incentive Plan, vesting over three years. |
| 11/12/2024 | Date of the signature of the report. |
Keywords
Stock Appreciation Rights, SARs, Beneficial Ownership, Form 4, Executive Compensation, Insider Trading, Regal Rexnord, RRX, Robert Rehard
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