Form 4: Regal Rexnord EVP Kevin J. Zaba Reports Acquisition of Common Stock
SEC Form 4
Kevin J. Zaba, EVP and President of Automation and Motion Control at Regal Rexnord, reports acquiring additional common stock through dividend equivalent reinvestment.
Summary
- On April 12, 2024, Kevin J. Zaba, an Executive Vice President at Regal Rexnord Corp, acquired 9.526 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, Zaba directly owns 20,364.095 shares of Regal Rexnord common stock.
- Zaba also holds stock appreciation rights (SARs) and stock options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports a routine transaction related to dividend reinvestment. It doesn't necessarily indicate a strong positive or negative outlook.
Positives
- The acquisition of shares through dividend reinvestment indicates confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares acquired through dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Grant date of stock appreciation rights with an exercise price of $151.27, vesting over three years and expiring on 02/23/2032. |
| 02/23/2024 | Grant date of stock appreciation rights with an exercise price of $154.2, vesting over three years and expiring on 02/23/2033. |
| 02/23/2025 | Grant date of stock appreciation rights with an exercise price of $168.47, vesting over three years and expiring on 02/23/2034. |
| 04/12/2024 | Date of transaction: Kevin J. Zaba acquired 9.526 shares of common stock at $163.09 per share. |
| 04/16/2024 | 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.