Director at REGAL REXNORD (RRX) receives additional RSUs via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REGAL REXNORD CORP director Rakesh Sachdev reported a small equity award tied to existing compensation. On the reported date, he acquired 2.165 shares of common stock-equivalent through additional restricted stock units valued at $209.35 per share. These units arose from a dividend equivalent reinvestment feature on his outstanding restricted stock unit awards and follow the same vesting terms as those awards. After this routine compensation-related credit, his directly held position increased to 27,340.101 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SACHDEV RAKESH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.165 | $209.35 | $453.24 |
Holdings After Transaction:
Common Stock — 27,340.101 shares (Direct)
Footnotes (1)
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Key Figures
RSUs credited: 2.165 shares
Reference price per share: $209.35
Shares after transaction: 27,340.101 shares
3 metrics
RSUs credited
2.165 shares
Restricted stock units from dividend equivalent reinvestment
Reference price per share
$209.35
Transaction price per share for RSU credit
Shares after transaction
27,340.101 shares
Total common stock directly held after Form 4 event
Key Terms
restricted stock units, dividend equivalent reinvestment provision, quarterly dividend payment, vesting, +1 more
5 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 provision 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.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did REGAL REXNORD (RRX) disclose for Rakesh Sachdev?
REGAL REXNORD reported director Rakesh Sachdev acquiring 2.165 additional common stock-equivalent shares. These came as restricted stock units credited under a dividend equivalent reinvestment feature linked to his existing restricted stock unit awards, not through an open-market purchase or sale.
Why did REGAL REXNORD credit additional restricted stock units to its director?
The company credited extra restricted stock units under a dividend equivalent reinvestment provision. When REGAL REXNORD paid a quarterly dividend, the provision converted that dividend value into 2.165 additional restricted stock units tied to the director’s existing awards, following the same vesting conditions.
Do the new RRX restricted stock units have separate vesting terms from existing awards?
The filing states the additional restricted stock units follow the same terms and conditions as the underlying awards. That means the 2.165 units created through dividend equivalent reinvestment share the same vesting schedule and requirements as the original restricted stock unit grants.