Form 4: Regal Rexnord EVP and CFO Robert Rehard Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Robert Rehard, EVP and CFO of Regal Rexnord Corp, reports the acquisition of additional restricted stock units due to dividend equivalent reinvestment.
Summary
- On October 11, 2024, Robert Rehard, the EVP and CFO of Regal Rexnord Corp, acquired 45.935 shares of common stock at a price of $171.22 per share.
- These shares were acquired through the dividend equivalent reinvestment provision of his outstanding restricted stock unit awards.
- Following this transaction, Rehard directly owns 31,488.661 shares of Regal Rexnord Corp.
- Rehard also holds various stock appreciation rights (SARs) that vest over time and are settled in stock.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. The acquisition of shares through dividend reinvestment is a slightly positive signal, suggesting confidence in the company's future.
Positives
- The acquisition of shares through dividend reinvestment demonstrates Rehard's continued investment in the company's stock.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units.
- Dividend reinvestment programs are a common way for executives to increase their ownership stake in the company.
- The vesting schedules for the SARs are typical, with vesting occurring over several years to incentivize long-term performance.
Stakeholder Impact
- The increased ownership by a key executive could be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/12/2017 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $74.56, vesting over five years. |
| 05/11/2018 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $54.79, vesting over five years. |
| 05/10/2019 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $76.99, vesting over five years. |
| 05/09/2020 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $74.04, vesting over five years. |
| 05/08/2021 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $78.05, vesting over five years. |
| 02/18/2021 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $84.39, vesting over three years. |
| 02/23/2022 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $133.77, vesting over three years. |
| 02/23/2023 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $151.27, vesting over three years. |
| 02/23/2024 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $154.2, vesting over three years. |
| 10/11/2024 | Date of transaction where Robert Rehard acquired 45.935 shares of common stock at $171.22 per share through dividend equivalent reinvestment. |
| 10/16/2024 | Date of signature for the Form 4 filing. |
| 02/23/2025 | Grant date of stock-settled Stock Appreciation Rights (SARs) with an exercise price of $168.47, vesting over three years. |
| 05/12/2025 | Expiration date of Stock Appreciation Rights granted on 05/12/2017. |
| 05/11/2026 | Expiration date of Stock Appreciation Rights granted on 05/11/2018. |
| 05/10/2027 | Expiration date of Stock Appreciation Rights granted on 05/10/2019. |
| 05/09/2028 | Expiration date of Stock Appreciation Rights granted on 05/09/2020. |
| 05/08/2029 | Expiration date of Stock Appreciation Rights granted on 05/08/2021. |
| 02/18/2030 | Expiration date of Stock Appreciation Rights granted on 02/18/2021. |
| 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. |
| 02/23/2034 | Expiration date of Stock Appreciation Rights granted on 02/23/2025. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.