Form 4: Regal Rexnord EVP Cheryl Lewis Reports Stock Transactions
SEC Form 4 Filing
Cheryl Lewis, EVP and Chief HR Officer of Regal Rexnord, reports acquisition and disposal of common stock and stock appreciation rights.
Summary
- Cheryl Lewis, Executive Vice President and Chief Human Resources Officer of Regal Rexnord Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 23, 2025, Lewis acquired 1,829 shares of common stock related to the settlement of performance share units and disposed of 536 and 344 shares for $134.65 each.
- On February 24, 2025, Lewis acquired 2,849 restricted stock units.
- Lewis also holds stock appreciation rights (SARs) with varying exercise prices and expiration dates, granted under the 2018 and 2023 Equity Incentive Plans.
- Following these transactions, Lewis beneficially owns 13,175.956 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing primarily reports routine stock transactions related to executive compensation. The acquisitions are a positive sign, while the disposals are likely related to tax obligations.
Positives
- The acquisition of performance share units and restricted stock units indicates continued alignment of executive compensation with company performance and shareholder value.
Negatives
- The disposal of shares may be perceived negatively, although it could be related to tax obligations from the vesting of stock awards.
Risks
- Fluctuations in the stock price could impact the value of the stock appreciation rights held by Lewis.
- Changes in company performance could affect the vesting and value of performance share units and restricted stock units.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's future prospects.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Regal Rexnord to align management interests with shareholder value.
- The vesting schedules for the RSUs and SARs (34% on the first anniversary, 33% on the second, and 33% on the third) are typical vesting arrangements seen in similar companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, potentially influencing market perception of the company.
- Employees may be indirectly affected through the impact on company stock price and overall financial health.
Key Dates
| Date | Description |
|---|---|
| 03/02/2021 | Date when some Stock Appreciation Rights become exercisable |
| 02/23/2022 | Date when some Stock Appreciation Rights become exercisable |
| 02/23/2023 | Date when some Stock Appreciation Rights become exercisable |
| 02/23/2024 | Date when some Stock Appreciation Rights become exercisable |
| 12/31/2024 | Performance period end date for performance share units |
| 02/23/2025 | Date of common stock acquisition and disposal |
| 02/24/2025 | Date of restricted stock unit acquisition |
| 02/25/2025 | Date of Form 4 filing |
| 03/02/2030 | Expiration date of some Stock Appreciation Rights |
| 02/23/2031 | Expiration date of some Stock Appreciation Rights |
| 02/23/2032 | Expiration date of some Stock Appreciation Rights |
| 02/23/2033 | Expiration date of some Stock Appreciation Rights |
| 02/23/2034 | Expiration date of some Stock Appreciation Rights |
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