Form 4: Regal Rexnord Corp Executive Alexander Scarpelli Reports Stock Transactions
SEC Form 4 Filing
Alexander Scarpelli, SVP, Corp. Controller and CAO of Regal Rexnord Corp, reported the acquisition of additional restricted stock units and adjustments to previously reported holdings.
Summary
- Alexander Scarpelli, a Senior Vice President at Regal Rexnord Corp, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- He acquired 3.504 restricted stock units due to dividend equivalent reinvestment at a price of $155.41 per unit.
- His total holdings were adjusted to reflect a deduction of 7.188 dividend equivalent shares that were previously incorrectly credited.
- The report also includes details of stock appreciation rights (SARs) granted in 2024 and 2025, with varying vesting schedules.
Sentiment
Score: 7
Explanation: The document is a routine filing of stock transactions and corrections, indicating normal business operations and transparency. There are no significant positive or negative implications.
Positives
- The acquisition of additional restricted stock units through dividend reinvestment indicates a continued investment in the company by the executive.
- The correction of previously misreported shares demonstrates transparency and accuracy in reporting.
Industry Context
This filing is a routine disclosure of executive stock transactions, which is common in publicly traded companies. It provides transparency into the holdings of key personnel.
Comparison to Industry Standards
- The vesting schedules for the stock appreciation rights are typical for executive compensation packages in similar companies.
- The reporting of dividend equivalent reinvestment is standard practice for companies with equity-based compensation plans.
- The correction of previously misreported shares is a sign of good corporate governance and adherence to SEC regulations.
Stakeholder Impact
- The report provides transparency to shareholders regarding executive compensation and ownership.
- The correction of previously misreported shares demonstrates a commitment to accurate financial reporting.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of grant for stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2025 | Date of grant for stock-settled SARs under the 2023 Omnibus Incentive Plan. |
| 01/14/2025 | Date of the reported transaction involving the acquisition of restricted stock units. |
| 01/16/2025 | Date the Form 4 was signed. |
Keywords
Form 4, Regal Rexnord Corp, Stock Appreciation Rights, Restricted Stock Units, Beneficial Ownership, Dividend Reinvestment, Executive Compensation, Insider Trading
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