Form 4: Regal Rexnord Corp: Officer Dickson Timothy A. Reports Stock Disposal
SEC Form 4 Filing
Timothy A. Dickson, SVP & Chief Digital & Information Officer of Regal Rexnord Corp, reports the disposal of 328 shares of common stock to cover tax obligations.
Summary
- On October 9, 2024, Timothy A. Dickson, SVP & Chief Digital & Information Officer of Regal Rexnord Corp, disposed of 328 shares of common stock.
- The transaction was executed at a price of $166.77 per share.
- This disposal was likely to cover tax obligations related to the vesting of stock appreciation rights.
- Following the transaction, Dickson directly owns 3,210.099 shares of Regal Rexnord Corp.
- Dickson also holds 1,392 stock appreciation rights (SARs) which vest over three years, starting February 23, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock transaction by a company officer. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This filing indicates activity by a senior officer at Regal Rexnord Corp.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a relatively small number of shares being disposed of by a single officer.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of stock disposal transaction |
| 02/23/2025 | First vesting date (34%) for Stock Appreciation Rights |
| 02/23/2034 | Expiration date for Stock Appreciation Rights |
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