Regal Rexnord (RRX) director credited dividend-equivalent restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Regal Rexnord Corp director Rashida A. Hodge reported a small equity-based compensation adjustment. She acquired 2.165 shares of common stock at $209.35 per share through additional restricted stock units credited under a dividend equivalent reinvestment provision. Following this award, she directly holds 1,297.305 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hodge Rashida A
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
RSUs granted: 2.165 shares
Grant price: $209.35 per share
Holdings after transaction: 1,297.305 shares
3 metrics
RSUs granted
2.165 shares
Restricted stock units credited as dividend equivalents
Grant price
$209.35 per share
Value per share for the RSU credit
Holdings after transaction
1,297.305 shares
Common stock directly held by Rashida A. Hodge after grant
Key Terms
restricted stock units, dividend equivalent reinvestment, vesting
3 terms
restricted stock units financial
"Represents additional restricted stock units credited to the reporting person under the dividend equivalent reinvestment provision"
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 restricted stock unit awards"
vesting financial
"subject to the same terms and conditions, including vesting, as the outstanding restricted stock unit awards"
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 insider transaction did Regal Rexnord (RRX) disclose for Rashida A. Hodge?
Regal Rexnord disclosed that director Rashida A. Hodge received 2.165 additional shares of common stock via restricted stock units. These units were credited as dividend equivalents and are subject to the same vesting terms as her existing restricted stock unit awards.
Was Rashida A. Hodge’s Regal Rexnord (RRX) Form 4 transaction an open-market purchase?
No, the Form 4 shows a grant or award acquisition, not an open-market purchase. The 2.165 shares were credited as restricted stock units under a dividend equivalent reinvestment feature tied to an outstanding restricted stock unit award.
What is the nature of the restricted stock units reported for Regal Rexnord (RRX)?
The filing states the additional units are restricted stock units created via dividend equivalent reinvestment. They carry the same terms and conditions, including vesting requirements, as the underlying restricted stock unit awards to which they relate.