Form 4: Regal Rexnord Corp Executive Alexander P Scarpelli Reports Stock Disposal
SEC Form 4 Filing
Alexander P Scarpelli, VP, Corp. Controller and CAO of Regal Rexnord Corp, reported the disposal of 31 shares of common stock to cover tax obligations.
Summary
- On June 1, 2024, Alexander P Scarpelli, VP, Corp. Controller and CAO of Regal Rexnord Corp, disposed of 31 shares of common stock.
- The transaction was related to tax obligations.
- The shares were disposed of at a price of $149.54 per share.
- Following the transaction, Scarpelli directly owns 2,833.919 shares of Regal Rexnord Corp common stock.
- Scarpelli also holds stock appreciation rights (SARs) relating to 1,193 shares granted on February 23, 2025, exercisable in tranches until February 23, 2034, and SARs relating to 1,015 shares granted on February 23, 2024, exercisable in tranches until February 23, 2033.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of grant for 1,015 Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 06/01/2024 | Date of transaction: Disposal of 31 shares of common stock. |
| 06/03/2024 | Date of signature for the Form 4 filing. |
| 02/23/2025 | Date of grant for 1,193 Stock Appreciation Rights (SARs) under the 2023 Omnibus Incentive Plan. |
| 02/23/2033 | Expiration date for 1,015 Stock Appreciation Rights (SARs) granted under the 2018 Equity Incentive Plan. |
| 02/23/2034 | Expiration date for 1,193 Stock Appreciation Rights (SARs) granted under the 2023 Omnibus Incentive Plan. |
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