Dividend-equivalent RSUs credited to Regal Rexnord (NYSE: RRX) director Bakker
Rhea-AI Filing Summary
REGAL REXNORD CORP director Gerben Bakker reported an acquisition of additional restricted stock units resulting from a dividend-equivalent reinvestment tied to a quarterly dividend. The transaction credited 1.5300 units at $211.2000 per share, bringing Bakker’s direct holdings to 2221.8350 common-share-equivalent units, all subject to the same vesting terms as the underlying awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1.53 shares
Net Buy
1 txn
Insider
BAKKER GERBEN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1.53 | $211.20 | $323.14 |
Holdings After Transaction:
Common Stock — 2,221.835 shares (Direct)
Footnotes (1)
- F1. Represents additional restricted stock units credited to the reporting person under the dividend equivalent reinvestment provision of the reporting person's outstanding restricted stock unit awards as a result of a quarterly dividend payment. The additional restricted stock units resulting from the dividend equivalent reinvestment are subject to the same terms and conditions, including vesting, as the outstanding restricted stock unit awards to which they are attributable.
Key Figures
RSUs Credited: 1.5300 shares
Reference Price per Share: $211.2000
Holdings After Transaction: 2221.8350 shares
3 metrics
RSUs Credited
1.5300 shares
Additional restricted stock units from dividend-equivalent reinvestment
Reference Price per Share
$211.2000
Price per share used for the RSU dividend-equivalent credit
Holdings After Transaction
2221.8350 shares
Total direct common-share-equivalent units held by Gerben Bakker after the award
Key Terms
restricted stock units, dividend equivalent reinvestment, quarterly dividend payment, vesting
4 terms
restricted stock units financial
"Represents additional restricted stock units credited to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent reinvestment financial
"under the dividend equivalent reinvestment provision of the reporting person's outstanding"
quarterly dividend payment financial
"as a result of a quarterly dividend payment"
vesting financial
"subject to the same terms and conditions, including vesting, as the outstanding"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did REGAL REXNORD CORP (RRX) director Gerben Bakker report?
Gerben Bakker reported an acquisition of 1.5300 restricted stock units linked to common stock. These units were credited via dividend-equivalent reinvestment under existing awards following a quarterly dividend, rather than through any open-market purchase or sale.
How many Regal Rexnord (RRX) restricted stock units did Gerben Bakker receive and at what price?
Bakker was credited 1.5300 restricted stock units at a reference value of $211.2000 per share. These units arise from dividend-equivalent reinvestment on outstanding restricted stock unit awards triggered by a quarterly dividend payment.
Did Gerben Bakker buy or sell REGAL REXNORD (RRX) stock on the open market in this Form 4?
No open-market trade is reported. The Form 4 shows an A-code grant/award acquisition of restricted stock units created by dividend-equivalent reinvestment on existing RSU awards, as described in the accompanying footnote.
What are Gerben Bakker’s Regal Rexnord (RRX) direct holdings after this transaction?
Following the transaction, Bakker directly holds 2221.8350 common-share-equivalent units. This figure reflects his position after the additional 1.5300 restricted stock units were credited under the dividend-equivalent reinvestment provisions of his outstanding RSU awards.
How do the new restricted stock units for RRX relate to Gerben Bakker’s existing awards?
The additional units are dividend-equivalent reinvestment credits on existing RSU awards. According to the disclosure, they are subject to the same terms and conditions, including vesting, as the restricted stock unit awards to which they correspond.