Regal Rexnord director gets RSU dividend units
Regal Rexnord Corp director Jan Bertsch received an additional award of 2.165 restricted stock units tied to company common stock at a reference value of $209.35 per share.
Rhea-AI Filing Summary
Regal Rexnord Corp director Jan Bertsch received an additional award of 2.165 restricted stock units tied to company common stock at a reference value of $209.35 per share. These units were credited under a dividend equivalent reinvestment feature linked to existing restricted stock unit awards.
After this small, compensation-related acquisition, Bertsch holds 8,776.101 common shares or equivalent units directly. The new units carry the same terms and vesting conditions as the original restricted stock unit grants, so they vest over time rather than being immediately transferable.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.165 | $209.35 | $453.24 |
Footnotes (1)
- F1. Represents additional restricted stock units credited to the reporting person under the dividend equivalent reinvestment provision of the reporting person's outstanding restricted stock unit awards as a result of a quarterly dividend payment. The additional restricted stock units resulting from the dividend equivalent reinvestment are subject to the same terms and conditions, including vesting, as the outstanding restricted stock unit awards to which they are attributable.
Key Figures
Key Terms
restricted stock units financial
dividend equivalent reinvestment provision financial
quarterly dividend payment financial
FAQ
What did Regal Rexnord (RRX) director Jan Bertsch report in this Form 4?
Was Jan Bertsch buying or selling Regal Rexnord (RRX) stock in the market?
What is a dividend equivalent reinvestment provision in Regal Rexnord (RRX) RSUs?
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