Form 4: Regal Rexnord EVP Brooke Lang Reports Stock Disposal
SEC Form 4 Filing
EVP and President of Power Efficiency Solutions at Regal Rexnord, Brooke Lang, reports disposing of 236 shares of common stock to cover tax obligations.
Summary
- On July 11, 2024, Brooke Lang, EVP and President of Power Efficiency Solutions at Regal Rexnord Corp, disposed of 236 shares of common stock.
- The transaction was related to tax obligations, with the shares disposed of at a price of $141.53 per share.
- Following the transaction, Lang directly owns 3,683.431 shares of Regal Rexnord Corp.
- Lang also holds stock appreciation rights (SARs) that are settled in stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions.
Comparison to Industry Standards
- Executive compensation packages including stock options and SARs are standard practice among publicly listed companies like Regal Rexnord to align management interests with shareholder value.
- Companies such as General Electric, Siemens, and ABB, which operate in similar industrial sectors, also utilize equity-based compensation for their executives.
- The vesting schedules and terms of the SARs are typical for executive equity grants.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a small disposal of shares by an executive.
- It provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date when stock appreciation rights (SARs) become exercisable (34% vested) |
| 02/23/2025 | Date when stock appreciation rights (SARs) become exercisable (67% vested) |
| 07/11/2024 | Date of stock disposal transaction |
| 07/12/2024 | Date of signature for the Form 4 filing |
| 02/23/2033 | Expiration date of stock appreciation rights (SARs) |
| 02/23/2034 | Expiration date of stock appreciation rights (SARs) |
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