Form 4: Regal Rexnord Corp Executive Cheryl Lewis Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President and Chief HR Officer of Regal Rexnord Corp, Cheryl Lewis, reports the acquisition of 5,331 shares of common stock and adjustments to previously reported holdings.
Summary
- Cheryl Lewis, an EVP and Chief HR Officer at Regal Rexnord Corp, reported a transaction on January 14, 2025.
- She acquired 5,331 shares of common stock at a price of $155.41 per share.
- This acquisition was due to dividend equivalent reinvestment from her outstanding restricted stock unit awards.
- Her total beneficial ownership of common stock is now 9,377.956 shares.
- The report also corrects a previous error, deducting 29.783 dividend equivalent shares that were incorrectly credited to her.
- These shares will be credited when, and if, the associated performance share units are earned.
- The report also details stock appreciation rights (SARs) granted to Ms. Lewis in previous years, with various vesting schedules and exercise prices.
Sentiment
Score: 7
Explanation: The document is a routine filing and does not indicate any significant positive or negative sentiment. The correction of a previous error is a minor negative, but the overall tone is neutral.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the executive.
- The correction of previously reported errors demonstrates transparency and accuracy in reporting.
Negatives
- The need to correct a previous error regarding dividend equivalent shares suggests a potential weakness in internal reporting processes.
Risks
- The vesting of stock appreciation rights is dependent on continued employment and performance, which could be a risk if these conditions are not met.
- Fluctuations in the stock price could impact the value of the stock appreciation rights.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders. It does not indicate any specific industry trends or competitive actions.
Comparison to Industry Standards
- Form 4 filings are a standard practice for all publicly traded companies in the US, and this filing is consistent with those standards.
- The vesting schedules and terms of the stock appreciation rights are typical for executive compensation packages in similar companies.
Stakeholder Impact
- The stock acquisition and correction of previous errors may have a minor impact on shareholder confidence.
- The vesting of stock appreciation rights is a part of the executive compensation package, which impacts the executive.
Key Dates
| Date | Description |
|---|---|
| 03/02/2021 | Grant date of stock appreciation rights with an exercise price of $77.18. |
| 02/23/2022 | Grant date of stock appreciation rights with an exercise price of $133.77. |
| 02/23/2023 | Grant date of stock appreciation rights with an exercise price of $151.27. |
| 02/23/2024 | Grant date of stock appreciation rights with an exercise price of $154.2. |
| 01/14/2025 | Date of common stock acquisition through dividend reinvestment. |
| 02/23/2025 | Grant date of stock appreciation rights with an exercise price of $168.47. |
| 01/16/2025 | Date of the report filing. |
Keywords
Regal Rexnord Corp, stock transaction, beneficial ownership, stock appreciation rights, dividend reinvestment, executive compensation, Form 4, insider trading
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