Regal Rexnord (NYSE: RRX) director awarded 923 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hodge Rashida A reported acquisition or exercise transactions in this Form 4 filing.
REGAL REXNORD CORP director Rashida A. Hodge received an equity grant of 923 shares of common stock in the form of restricted stock units under the 2023 Omnibus Incentive Plan. These units vest on May 11, 2027. After this grant, her direct holdings total about 2,220.305 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hodge Rashida A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 923 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,220.305 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 923 shares
Grant price: $0.00 per share
Total holdings after grant: 2,220.305 shares
+1 more
4 metrics
RSUs granted
923 shares
Restricted stock units of common stock granted to director
Grant price
$0.00 per share
Reported price per share for the award
Total holdings after grant
2,220.305 shares
Director’s direct common stock holdings following the transaction
Vesting date
May 11, 2027
Date when the restricted stock units vest
Key Terms
Restricted stock units, 2023 Omnibus Incentive Plan, vest, Form 4
4 terms
Restricted stock units financial
"Restricted stock units granted to the reporting person under the 2023 Omnibus Incentive Plan."
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.
2023 Omnibus Incentive Plan financial
"Restricted stock units granted to the reporting person under the 2023 Omnibus Incentive Plan."
vest financial
"The restricted stock units vest on 5/11/2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 regulatory
"The filing shows director Rashida A. Hodge received 923 restricted stock units of REGAL REXNORD CORP common stock as an equity award, increasing her direct holdings to 2,220.305 shares following the grant."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did REGAL REXNORD CORP (RRX) disclose in this Form 4 for Rashida A. Hodge?
The filing shows director Rashida A. Hodge received 923 restricted stock units of REGAL REXNORD CORP common stock as an equity award, increasing her direct holdings to 2,220.305 shares following the grant.
Is the Rashida A. Hodge RRX Form 4 a stock purchase or a grant?
It is a grant, not a market purchase. The 923 shares were awarded as restricted stock units at a reported price of $0.00 per share, reflecting compensation rather than an open-market transaction.
When do Rashida A. Hodge’s newly granted RRX restricted stock units vest?
The restricted stock units granted to Rashida A. Hodge vest on May 11, 2027. Vesting means the units convert into unrestricted shares over time, subject to the plan’s continued service or other conditions.
Under which plan were Rashida A. Hodge’s RRX restricted stock units granted?
The 923 restricted stock units were granted under REGAL REXNORD CORP’s 2023 Omnibus Incentive Plan. This plan provides equity-based compensation awards designed to align director and employee interests with shareholders.