Form 4: Regal Rexnord EVP and CFO Robert Rehard Reports Acquisition of Restricted Stock Units
SEC Form 4
Robert Rehard, EVP and CFO of Regal Rexnord Corp, reports the acquisition of additional restricted stock units due to dividend equivalent reinvestment.
Summary
- On July 12, 2024, Robert Rehard, the EVP and CFO of Regal Rexnord Corp, acquired 53.914 shares of common stock at a price of $145.53 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 31,442.726 shares of Regal Rexnord Corp.
- Rehard also holds various stock appreciation rights (SARs) that vest over time and are settled in stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The filing reflects routine insider transactions related to executive compensation, which is a normal part of corporate governance. The acquisition of shares through dividend reinvestment can be seen as a positive sign of the executive's confidence in the company.
Positives
- The acquisition of additional shares through dividend reinvestment demonstrates Rehard's continued investment in the company's stock.
- The vesting schedules of the SARs incentivize long-term performance and alignment with shareholder interests.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency to investors regarding the holdings and transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units, and stock appreciation rights to align management's interests with those of shareholders.
- The vesting schedules and terms of the SARs are typical for equity incentive plans in publicly traded companies.
- Companies like General Electric, Siemens, and ABB, which operate in similar industrial sectors, also utilize equity-based compensation for their executives.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider transactions.
- The equity-based compensation structure aligns the executive's interests with those of shareholders, incentivizing long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 05/12/2017 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2013 Equity Incentive Plan. |
| 05/11/2018 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2013 Equity Incentive Plan. |
| 05/10/2019 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 05/09/2020 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 05/08/2021 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/18/2021 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2022 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2023 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 02/23/2024 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2018 Equity Incentive Plan. |
| 07/12/2024 | Date of transaction: Acquisition of 53.914 shares of common stock through dividend reinvestment. |
| 07/16/2024 | Date of signature for the Form 4 filing. |
| 02/23/2025 | Grant date of stock-settled Stock Appreciation Rights (SARs) under the 2023 Omnibus Incentive Plan. |
| 05/12/2025 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 05/12/2017. |
| 05/11/2026 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 05/11/2018. |
| 05/10/2027 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 05/10/2019. |
| 05/09/2028 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 05/09/2020. |
| 05/08/2029 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 05/08/2021. |
| 02/18/2030 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 02/18/2021. |
| 02/23/2031 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 02/23/2022. |
| 02/23/2032 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 02/23/2023. |
| 02/23/2033 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 02/23/2024. |
| 02/23/2034 | Expiration date of stock-settled Stock Appreciation Rights (SARs) granted on 02/23/2025. |
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