Regal Rexnord EVP reports equity grant, tax shares
Regal Rexnord Corp executive Hugo Dubovoy Jr., EVP, General Counsel & Secretary, reported equity compensation changes and related tax withholding.
Rhea-AI Filing Summary
Regal Rexnord Corp executive Hugo Dubovoy Jr., EVP, General Counsel & Secretary, reported equity compensation changes and related tax withholding. On February 23, he acquired 2,108 shares of common stock at $0 per share as a grant, increasing his direct holdings to 9,639.191 shares. A related award of Stock Appreciation Rights left him with 2,653 rights outstanding. On February 24, 287 shares of common stock were disposed of at $223.69 per share to satisfy tax liabilities, leaving 9,352.191 shares directly owned. The footnotes state the restricted stock units vest 34% after one year, then 33% annually over the next two years, while the Stock Appreciation Rights vest 34%, 67%, and 100% over the first three anniversaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 287 | $223.69 | $64K |
| Grant/Award | Common Stock | 2,108 | $0.00 | $0.00 |
| holding | Stock Appreciation Rights | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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.
FAQ
What insider transactions did RRX executive Hugo Dubovoy Jr. report?
What are the terms of Hugo Dubovoy Jr.’s new RRX restricted stock units?
How do the new Stock Appreciation Rights for RRX vest for Hugo Dubovoy Jr.?
Does this Form 4 suggest a bullish or bearish signal for RRX stock?
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