Regal Rexnord (RRX) EVP Brooke Lang gets 2,016-share grant, disposes shares for taxes
Rhea-AI Filing Summary
Regal Rexnord executive Brooke Lang reported equity compensation changes and related tax share withholdings. On February 23, Lang acquired 2,016 shares of common stock as a grant or award at $0.00 per share, increasing direct holdings to 8,284.543 shares.
Also on February 23, 158 shares of common stock were disposed of at $218.20 per share to cover tax obligations, leaving 8,126.543 shares directly owned. On February 24, an additional 322 shares were disposed of at $223.69 per share for tax withholding, resulting in 7,804.543 shares directly held.
The filing also updates holdings of Stock Appreciation Rights, showing 969 and 2,983 rights outstanding in two separate awards. Footnotes state that related Restricted Stock Units and Stock Appreciation Rights generally vest 34% after one year, 33% after two years, and 33% after three years, with some rights vesting 34% after one year, 67% after two years, and fully after three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 322 | $223.69 | $72K |
| Grant/Award | Common Stock | 2,016 | $0.00 | -- |
| Tax Withholding | Common Stock | 158 | $218.20 | $34K |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
Footnotes (1)
- Restricted Stock Units ("RSUs") granted to the reporting person. The RSUs vest 34% on the first anniversary, 33% on the second anniversary and 33% on the third anniversary of the date of the grant. The Stock Appreciation Rights vest and become exercisable 34% on the first anniversary, 67% on the second anniversary and 100% on the third anniversary of the date of the grant.