Form 4: Regal Rexnord Corp Executive Acquires and Disposes of Shares in Recent Transaction
SEC Form 4
Alexander P. Scarpelli, VP, Corp. Controller and CAO of Regal Rexnord Corp, reports acquisition and disposal of common stock and stock appreciation rights.
Summary
- On February 23, 2024, Alexander P. Scarpelli, VP, Corp. Controller and CAO of Regal Rexnord Corp, engaged in transactions involving the company's stock.
- Scarpelli acquired 445 shares of common stock at $0 and disposed of 43 shares at $168.47.
- Following these transactions, Scarpelli directly owns 2,859.971 shares of common stock.
- Scarpelli also acquired 1,193 stock appreciation rights (SARs) with an exercise price of $168.47, expiring on February 23, 2034, and another 1,015 SARs with an exercise price of $154.2, expiring on February 23, 2033.
- The SARs vest in three tranches: 34% on the first anniversary, 67% on the second anniversary, and 100% on the third anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which doesn't inherently convey positive or negative sentiment. It's a factual report.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of the reported transactions: acquisition and disposal of common stock and stock appreciation rights. |
| 02/23/2025 | First vesting anniversary (34%) for 1,193 SARs granted on 02/23/2024. |
| 02/23/2033 | Expiration date for 1,015 SARs granted on 02/23/2024. |
| 02/23/2034 | Expiration date for 1,193 SARs granted on 02/23/2024. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.