Form 4: Regal Rexnord Corp Executive Valentyn Reports Stock Transactions
SEC Form 4 Filing
Thomas E. Valentyn, EVP, General Counsel & Secretary of Regal Rexnord Corp, reports acquisition and disposal of common stock and stock appreciation rights.
Summary
- On February 23, 2024, Thomas E. Valentyn, EVP, General Counsel & Secretary of Regal Rexnord Corp, reported transactions involving the company's stock.
- Valentyn disposed of 728 shares of common stock at a price of $168.47.
- He also disposed of 1,743 shares of common stock at a price of $168.47.
- He acquired 3,703 shares of common stock at a price of $0 related to the settlement of performance share units.
- Following these transactions, Valentyn beneficially owns 28,412.006 shares of common stock.
- Valentyn also holds stock appreciation rights (SARs) with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions by an executive, which is a routine occurrence.
Positives
- The acquisition of 3,703 shares through performance share units indicates achievement of performance goals.
Industry Context
Executive stock transactions are a common occurrence and are regularly monitored by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 05/08/2021 | Grant date of stock appreciation rights with an exercise price of $78.05, vesting over five years. |
| 02/23/2022 | Grant date of stock appreciation rights with an exercise price of $133.77, vesting over three years. |
| 02/23/2023 | Grant date of stock appreciation rights with an exercise price of $151.27, vesting over three years. |
| 12/31/2023 | Performance period end date for performance share units that were settled. |
| 02/23/2024 | Date of reported stock transactions: disposal and acquisition of common stock. |
| 02/23/2024 | Grant date of stock appreciation rights with an exercise price of $154.2, vesting over three years. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
| 05/08/2029 | Expiration date of stock appreciation rights granted on 05/08/2021. |
| 02/23/2031 | Expiration date of stock appreciation rights granted on 02/23/2022. |
| 02/23/2032 | Expiration date of stock appreciation rights granted on 02/23/2023. |
| 02/23/2033 | Expiration date of stock appreciation rights granted on 02/23/2024. |
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