Form 4: Regal Rexnord Corp Executive Alexander P Scarpelli Reports Stock Transaction
SEC Form 4
Alexander P Scarpelli, VP, Corp. Controller and CAO of Regal Rexnord Corp, reports disposition of shares to cover tax obligations related to stock appreciation rights.
Summary
- On June 9, 2024, Alexander P Scarpelli, VP, Corp. Controller and CAO of Regal Rexnord Corp, reported a transaction involving common stock.
- A total of 193 shares were disposed of at a price of $141.32.
- This transaction was related to the satisfaction of tax obligations.
- Following the transaction, Scarpelli directly owns 2,640.919 shares of common stock.
- Scarpelli also holds stock appreciation rights (SARs) for 1,193 shares exercisable from February 23, 2025, and 1,015 shares exercisable from February 23, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This filing indicates routine transactions related to equity compensation.
Comparison to Industry Standards
- Form 4 filings are a standard part of corporate governance and are comparable across all publicly traded companies.
- The vesting schedules for the Stock Appreciation Rights are typical for executive compensation packages.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being transacted by an officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date from which 1,015 Stock Appreciation Rights (SARs) granted under the 2018 Equity Incentive Plan become exercisable. |
| 02/23/2025 | Date from which 1,193 Stock Appreciation Rights (SARs) granted under the 2023 Omnibus Incentive Plan become exercisable. |
| 06/09/2024 | Date of the transaction where 193 shares of common stock were disposed of. |
| 06/10/2024 | Date of signature for the Form 4 filing. |
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