Regal Rexnord (RRX) EVP reports stock grant and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
Dubovoy Hugo Jr.
Role
EVP, General Counsel & Sec.*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 287 | $223.69 | $64K |
| Grant/Award | Common Stock | 2,108 | $0.00 | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,352.191 shares (Direct);
Stock Appreciation Rights — 2,653 shares (Direct)
Footnotes (1)
- 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. 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?
Hugo Dubovoy Jr. reported receiving a 2,108-share common stock grant and a tax-withholding disposition of 287 shares. These transactions are part of equity compensation and tax settlement, not open-market buying or selling of Regal Rexnord Corp (RRX) stock.
What are the terms of Hugo Dubovoy Jr.’s new RRX restricted stock units?
The filing describes restricted stock units that vest over three years: 34% on the first anniversary, 33% on the second, and 33% on the third. This schedule gradually delivers full ownership, aligning compensation with longer-term service at Regal Rexnord Corp.
How do the new Stock Appreciation Rights for RRX vest for Hugo Dubovoy Jr.?
The Stock Appreciation Rights vest in stages: 34% on the first anniversary, 67% on the second, and 100% on the third. After these milestones, Dubovoy holds 2,653 Stock Appreciation Rights, which provide value based on future share price appreciation.
Does this Form 4 suggest a bullish or bearish signal for RRX stock?
The Form 4 mainly reflects routine equity compensation and related tax withholding. It shows a stock grant and automatic share disposition rather than discretionary buying or selling, so it does not clearly signal a bullish or bearish stance on RRX.