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 April 12, 2024, Cheryl Lewis, EVP and Chief HR Officer of Regal Rexnord Corp, acquired 5.046 shares of common stock at a price of $163.09 per share.
- This acquisition was a result of dividend equivalent reinvestment related to outstanding restricted stock unit awards.
- Following the transaction, Lewis directly owns 9,362.129 shares of Regal Rexnord Corp common stock.
- Lewis also holds stock appreciation rights (SARs) granted under the 2018 Equity Incentive Plan, which vest over three years.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition through dividend reinvestment, which is generally a positive sign but not significantly impactful.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by a key executive.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are common across publicly traded companies to align management's interests with those of shareholders.
- Dividend reinvestment programs are also a standard feature, allowing executives to increase their stake in the company.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it reflects continued investment by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/02/2021 | Date of grant for Stock Appreciation Rights with an exercise price of $77.18, vesting starting 03/02/2022. |
| 02/23/2022 | Date of grant for Stock Appreciation Rights with an exercise price of $133.77, vesting starting 02/23/2023. |
| 02/23/2023 | Date of grant for Stock Appreciation Rights with an exercise price of $151.27, vesting starting 02/23/2024. |
| 02/23/2024 | Date of grant for Stock Appreciation Rights with an exercise price of $154.20, vesting starting 02/23/2025. |
| 04/12/2024 | Date of transaction: Cheryl Lewis acquired 5.046 shares of common stock at $163.09 per share through dividend reinvestment. |
| 04/16/2024 | Date of Form 4 filing. |
| 02/23/2025 | Date of grant for Stock Appreciation Rights with an exercise price of $168.47, vesting starting 02/23/2026. |
| 02/23/2030 | Expiration date for Stock Appreciation Rights granted on 03/02/2021. |
| 02/23/2031 | Expiration date for Stock Appreciation Rights granted on 02/23/2022. |
| 02/23/2032 | Expiration date for Stock Appreciation Rights granted on 02/23/2023. |
| 02/23/2033 | Expiration date for Stock Appreciation Rights granted on 02/23/2024. |
| 02/23/2034 | Expiration date for Stock Appreciation Rights granted on 02/23/2025. |
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