Form 4: Regal Rexnord EVP Jerrald R. Morton Reports Changes in Beneficial Ownership
SEC Form 4
Jerrald R. Morton, EVP of Regal Rexnord Corp, reports a transaction involving common stock and adjustments to previously reported dividend equivalent shares.
Summary
- On November 5, 2024, Jerrald R. Morton, an Executive Vice President at Regal Rexnord Corp, reported a transaction involving the disposition of 295 shares of common stock at a price of $167.97.
- This transaction was due to the deduction of 44.457 dividend equivalent shares (DSUs) associated with unearned performance share units that were inadvertently credited to the reporting person in previous Form 4 reports.
- Following the reported transaction, Morton beneficially owns 18,720.657 shares of Regal Rexnord Corp common stock.
- Morton also holds various stock appreciation rights (SARs) which are granted under the company's equity incentive plans and vest over time.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, reflecting a neutral sentiment as it reports transactions without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that executive compensation is aligned with company performance through equity-based incentives.
Key Dates
| Date | Description |
|---|---|
| 05/10/2019 | Date of stock-settled Stock Appreciation Rights (SARs) grant under the 2013 Equity Incentive Plan. |
| 05/09/2020 | Date of stock-settled SARs grant under the 2018 Equity Incentive Plan. |
| 05/08/2021 | Date of stock-settled SARs grant under the 2018 Equity Incentive Plan. |
| 02/18/2021 | Date of stock-settled SARs grant under the 2018 Equity Incentive Plan. |
| 02/23/2022 | Date of stock-settled SARs grant under the 2018 Equity Incentive Plan. |
| 02/23/2023 | Date of stock-settled SARs grant under the 2018 Equity Incentive Plan. |
| 02/23/2024 | Date of stock-settled SARs grant under the 2018 Equity Incentive Plan. |
| 11/05/2024 | Date of transaction involving the disposition of common stock and adjustment of dividend equivalent shares. |
| 02/23/2025 | Date of stock-settled SARs grant under the 2023 Omnibus Incentive Plan. |
| 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 SARs granted on 05/09/2020. |
| 05/08/2029 | Expiration date of stock-settled SARs granted on 05/08/2021. |
| 02/18/2030 | Expiration date of stock-settled SARs granted on 02/18/2021. |
| 02/23/2031 | Expiration date of stock-settled SARs granted on 02/23/2022. |
| 02/23/2032 | Expiration date of stock-settled SARs granted on 02/23/2023. |
| 02/23/2033 | Expiration date of stock-settled SARs granted on 02/23/2024. |
| 02/23/2034 | Expiration date of stock-settled SARs granted on 02/23/2025. |
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