Dividend-linked RSUs credited to Regal Rexnord (RRX) board director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Regal Rexnord Corp director Michael F. Hilton reported a small stock-based award tied to existing grants. On the reported date, he acquired 3.961 shares of common stock at an indicated value of $209.35 per share, increasing his direct holdings to 8,236.480 shares.
The footnote explains these are additional restricted stock units credited under a dividend equivalent reinvestment feature on his outstanding restricted stock unit awards. These added units carry the same terms and vesting conditions as the original awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hilton Michael F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.961 | $209.35 | $829.24 |
Holdings After Transaction:
Common Stock — 8,236.48 shares (Direct)
Footnotes (1)
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Key Figures
RSUs credited: 3.961 shares
Reference price per share: $209.35 per share
Total shares after transaction: 8,236.480 shares
3 metrics
RSUs credited
3.961 shares
Additional restricted stock units from dividend equivalent reinvestment
Reference price per share
$209.35 per share
Value associated with the 3.961-share acquisition
Total shares after transaction
8,236.480 shares
Director’s direct holdings following the Form 4 transaction
Key Terms
restricted stock units, dividend equivalent reinvestment, vesting, grant, award, or other acquisition
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"
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 did Regal Rexnord (RRX) director Michael F. Hilton report in this Form 4?
Michael F. Hilton reported receiving 3.961 shares of Regal Rexnord common stock as an acquisition. These shares reflect additional restricted stock units credited under a dividend equivalent reinvestment feature tied to his existing restricted stock unit awards.
Was this Regal Rexnord (RRX) Form 4 transaction an open-market purchase or sale?
No, the transaction was not an open-market trade. It is coded as an acquisition (A) described as a grant, award, or other acquisition, specifically additional restricted stock units credited through a dividend equivalent reinvestment arrangement tied to prior awards.
Does the dividend equivalent reinvestment change vesting terms for Michael F. Hilton’s Regal Rexnord (RRX) awards?
The filing states that additional restricted stock units from dividend equivalent reinvestment are subject to the same terms and conditions. That includes vesting provisions matching the outstanding restricted stock unit awards to which these new credited units relate.