Director at Regal Rexnord (RRX) credited new RSUs from dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REGAL REXNORD CORP director Gerben Bakker received a small stock-based award through dividend reinvestment. On this date, he acquired 2.165 shares of common stock at an indicated value of $209.35 per share, credited as additional restricted stock units tied to existing awards.
Following this grant, Bakker directly holds 1,297.305 shares of common stock in the form of restricted stock units. According to the footnote, these new units arose from a quarterly dividend being reinvested and are subject to the same vesting terms and conditions as the original restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BAKKER GERBEN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.165 | $209.35 | $453.24 |
Holdings After Transaction:
Common Stock — 1,297.305 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock units acquired: 2.165 shares
Indicated value per share: $209.35 per share
Total shares after transaction: 1,297.305 shares
3 metrics
Restricted stock units acquired
2.165 shares
RSUs credited via dividend equivalent reinvestment on common stock
Indicated value per share
$209.35 per share
Value assigned to the newly credited restricted stock units
Total shares after transaction
1,297.305 shares
Director’s direct holdings in common stock RSUs following the grant
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"
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.
FAQ
What did REGAL REXNORD CORP (RRX) director Gerben Bakker report on this Form 4?
Director Gerben Bakker reported acquiring 2.165 shares of REGAL REXNORD CORP common stock. These were credited as additional restricted stock units from a dividend equivalent reinvestment tied to his existing restricted stock unit awards, rather than from an open-market stock purchase.
Was Gerben Bakker’s RRX Form 4 transaction an open-market stock purchase or a compensation-related award?
The transaction was a compensation-related award, not an open-market purchase. Bakker received 2.165 additional restricted stock units as a result of dividend equivalent reinvestment on existing restricted stock unit awards, carrying the same vesting terms as those original awards.
Why did Gerben Bakker receive additional REGAL REXNORD (RRX) restricted stock units?
Bakker received additional restricted stock units because REGAL REXNORD CORP paid a quarterly dividend. Under the dividend equivalent reinvestment feature of his existing restricted stock unit awards, that dividend was converted into 2.165 new units subject to the same vesting conditions.