Form 4: Regal Rexnord EVP Jerrald R. Morton Reports Stock Transactions
SEC Form 4 Filing
EVP and President of Industrial Powertrain Solutions at Regal Rexnord, Jerrald R. Morton, reports acquisition of restricted stock units and holdings in stock appreciation rights.
Summary
- Jerrald R. Morton, an Executive Vice President and President of Industrial Powertrain Solutions at Regal Rexnord Corp, filed a Form 4.
- The filing reports the acquisition of 9,104 shares of common stock at a price of $163.09 on April 12, 2024, through dividend equivalent reinvestment.
- Following the transaction, Morton beneficially owns 18,996.72 shares of common stock.
- Morton also holds stock appreciation rights (SARs) with various expiration dates and exercise prices.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing is a routine disclosure of stock transactions by an executive. The acquisition of shares through dividend reinvestment is a mildly positive signal.
Positives
- The acquisition of shares through dividend reinvestment indicates confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge executive sentiment and potential future stock performance.
Comparison to Industry Standards
- Comparing Regal Rexnord's executive compensation and equity grants to similar industrial companies like Rockwell Automation, Emerson Electric, and ABB can provide context.
- These companies also utilize stock appreciation rights and restricted stock units as part of their executive compensation packages.
- The vesting schedules and terms of these equity grants are generally in line with industry standards to incentivize long-term performance.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- Employees may be interested in the equity holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 05/10/2019 | Date when some Stock Appreciation Rights become exercisable |
| 05/09/2020 | Date when some Stock Appreciation Rights become exercisable |
| 05/08/2021 | Date when some Stock Appreciation Rights become exercisable |
| 02/18/2021 | 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 |
| 04/12/2024 | Date of common stock acquisition |
| 04/16/2024 | Date of Form 4 filing |
| 02/23/2025 | Date when some Stock Appreciation Rights become exercisable |
| 05/10/2027 | Expiration date of some Stock Appreciation Rights |
| 05/09/2028 | Expiration date of some Stock Appreciation Rights |
| 05/08/2029 | Expiration date of some Stock Appreciation Rights |
| 02/18/2030 | 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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