Form 4: Regal Rexnord EVP Cheryl Lewis Reports Acquisition of Common Stock
SEC Form 4 Filing
Cheryl Lewis, EVP and Chief HR Officer of Regal Rexnord Corp, reports acquiring common stock through dividend equivalent reinvestment.
Summary
- On July 12, 2024, Cheryl Lewis, EVP and Chief HR Officer of Regal Rexnord Corp, acquired 21.749 shares of common stock at a price of $145.53 per share.
- This acquisition was a result of dividend equivalent reinvestment related to outstanding restricted stock unit awards.
- Following the transaction, Lewis directly owns 9,383.878 shares of Regal Rexnord Corp common stock.
- Lewis also holds stock appreciation rights (SARs) that are exercisable into common stock, granted under the 2018 and 2023 Equity Incentive Plans, with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The insider is increasing their stake in the company, which is generally a good sign, but the transaction is part of a routine dividend reinvestment program.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the reporting person.
- The reporting person holds stock appreciation rights which vest over time, aligning their interests with the long-term performance of the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a high-ranking officer is increasing their stake in the company, which can be seen as a positive signal.
Comparison to Industry Standards
- Comparing Regal Rexnord to similar industrial companies like Rockwell Automation or Emerson Electric, insider transactions are a common occurrence.
- The size and frequency of these transactions are generally in line with industry norms for executive compensation and stock ownership.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals confidence from a company executive.
- There is no immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/02/2021 | Grant date of stock appreciation rights with an exercise price of $77.18 and an expiration date of 03/02/2030. |
| 02/23/2022 | Grant date of stock appreciation rights with an exercise price of $133.77 and an expiration date of 02/23/2031. |
| 02/23/2023 | Grant date of stock appreciation rights with an exercise price of $151.27 and an expiration date of 02/23/2032. |
| 02/23/2024 | Grant date of stock appreciation rights with an exercise price of $154.2 and an expiration date of 02/23/2033. |
| 02/23/2025 | Grant date of stock appreciation rights with an exercise price of $168.47 and an expiration date of 02/23/2034. |
| 07/12/2024 | Date of transaction where common stock was acquired through dividend equivalent reinvestment. |
| 07/16/2024 | Date of signature for the Form 4 filing. |
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.