Regal Rexnord (RRX) director adds shares via dividend-equivalent RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Michael F reported acquisition or exercise transactions in this Form 4 filing.
Regal Rexnord director Michael F. Hilton received a grant of 3.3130 additional restricted stock units valued at $211.2000 per share. These units were credited under the dividend equivalent reinvestment feature tied to a quarterly dividend and are subject to the same vesting terms as the underlying awards.
After this award, Hilton directly holds 9,162.7930 shares of Regal Rexnord common stock.
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 | 3.313 | $211.20 | $699.71 |
Holdings After Transaction:
Common Stock — 9,162.793 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 3.3130 shares
Reference price per share: $211.2000
Holdings after transaction: 9,162.7930 shares
3 metrics
RSUs granted
3.3130 shares
Additional restricted stock units credited as dividend equivalents
Reference price per share
$211.2000
Valuation per share for the dividend-equivalent RSU credit
Holdings after transaction
9,162.7930 shares
Total Regal Rexnord common stock held directly by Hilton after the award
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"
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"
vesting financial
"subject to the same terms and conditions, including vesting, as the"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Regal Rexnord (RRX) director Michael F. Hilton report on this Form 4?
Michael F. Hilton reported receiving 3.3130 additional restricted stock units valued at $211.2000 per share. These units were credited as dividend equivalents on existing awards and increase his direct holdings to 9,162.7930 Regal Rexnord common shares.
How many restricted stock units did Hilton receive in Regal Rexnord (RRX) and at what value?
Hilton received 3.3130 additional restricted stock units at a reference value of $211.2000 per share. The RSUs arose from the dividend equivalent reinvestment feature on his outstanding awards following a quarterly dividend payment.
Why were additional restricted stock units credited to Hilton at Regal Rexnord (RRX)?
The additional units were credited under the dividend equivalent reinvestment provision on Hilton’s outstanding restricted stock unit awards. A quarterly dividend payment triggered the crediting of 3.3130 extra RSUs instead of paying that portion of the dividend in cash.
Do the new RSUs for Regal Rexnord (RRX) have different vesting terms?
No. The filing states the additional restricted stock units are subject to the same terms and conditions, including vesting, as the original restricted stock unit awards to which they relate, so their vesting schedule matches the underlying grants.
Was Hilton’s Regal Rexnord (RRX) Form 4 transaction an open-market stock purchase?
No. The Form 4 describes a grant/award acquisition of 3.3130 restricted stock units from dividend equivalent reinvestment, not an open-market purchase. It is a compensation-related adjustment tied to a quarterly dividend on existing RSU awards.