Form 4: Regal Rexnord Corp Executive Acquires Additional Restricted Stock Units
SEC Form 4 Filing
Jerrald R. Morton, an Executive Vice President at Regal Rexnord Corp, acquired additional restricted stock units due to a dividend equivalent reinvestment.
Summary
- On October 11, 2024, Jerrald R. Morton, an EVP at Regal Rexnord Corp, acquired 29.164 shares of common stock at a price of $171.22 per share.
- This acquisition was due to additional restricted stock units credited under the dividend equivalent reinvestment provision.
- Following the transaction, Morton directly owns 19,060.114 shares of Regal Rexnord Corp.
- Morton also holds various stock appreciation rights (SARs) that vest over time and are settled in stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document simply reports a transaction related to executive compensation, which is a routine occurrence.
Positives
- The acquisition of additional shares demonstrates the executive's continued investment in the company.
- The dividend reinvestment plan allows executives to increase their holdings without direct capital outlay.
Industry Context
Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Regal Rexnord Corp.
- Companies such as General Electric, Siemens, and ABB also utilize similar equity-based compensation plans to incentivize their executives.
- The vesting schedules and terms of the Stock Appreciation Rights are typical for executive compensation plans in the industrial sector.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 05/10/2019 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2013 Equity Incentive Plan. |
| 05/09/2020 | Date of grant for some stock-settled SARs under the 2018 Equity Incentive Plan. |
| 05/08/2021 | Date of grant for some stock-settled SARs under the 2018 Equity Incentive Plan. |
| 02/18/2021 | Date of grant for some stock-settled SARs under the 2018 Equity Incentive Plan. |
| 02/23/2022 | Date of grant for some stock-settled SARs under the 2018 Equity Incentive Plan. |
| 02/23/2023 | Date of grant for some stock-settled SARs under the 2018 Equity Incentive Plan. |
| 02/23/2024 | Date of grant for some stock-settled SARs under the 2018 Equity Incentive Plan. |
| 10/11/2024 | Date of transaction where Jerrald R. Morton acquired common stock. |
| 10/16/2024 | Date of signature for the Form 4 filing. |
| 02/23/2025 | Date of grant for some stock-settled SARs under the 2023 Omnibus Incentive Plan. |
| 05/10/2027 | Expiration date for some Stock Appreciation Rights (SARs). |
| 05/09/2028 | Expiration date for some Stock Appreciation Rights (SARs). |
| 05/08/2029 | Expiration date for some Stock Appreciation Rights (SARs). |
| 02/18/2030 | Expiration date for some Stock Appreciation Rights (SARs). |
| 02/23/2031 | Expiration date for some Stock Appreciation Rights (SARs). |
| 02/23/2032 | Expiration date for some Stock Appreciation Rights (SARs). |
| 02/23/2033 | Expiration date for some Stock Appreciation Rights (SARs). |
| 02/23/2034 | Expiration date for some Stock Appreciation Rights (SARs). |
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