Form 4: Regal Rexnord Corp Executive Kevin J. Zaba Reports Acquisition of Common Stock
SEC Form 4 Filing
Kevin J. Zaba, an Executive Vice President and President at Regal Rexnord Corp, reported the acquisition of common stock through dividend equivalent reinvestment.
Summary
- On July 12, 2024, Kevin J. Zaba, an EVP and President at Regal Rexnord Corp, acquired 41.582 shares of common stock at a price of $145.53 per share.
- This acquisition was a result of dividend equivalent reinvestment related to outstanding restricted stock unit awards.
- Following the transaction, Zaba's direct ownership of common stock increased to 20,405.677 shares.
- Zaba also holds stock appreciation rights (SARs) and stock options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to dividend reinvestment, indicating continued investment by the executive, but not necessarily a major event.
Positives
- The acquisition of shares through dividend reinvestment demonstrates Zaba's continued investment in the company's stock.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates an executive's continued investment in the company.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2024 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2025 | Date of grant for some stock-settled Stock Appreciation Rights (SARs) under the 2023 Omnibus Incentive Plan. |
| 07/12/2024 | Date of the transaction where Kevin J. Zaba acquired common stock through dividend equivalent reinvestment. |
| 07/16/2024 | Date of signature for the Form 4 filing. |
| 02/23/2032 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2033 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2034 | Expiration date for some stock-settled Stock Appreciation Rights (SARs) under the 2023 Omnibus Incentive Plan. |
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