RRX director Robin Walker-Lee gains extra restricted stock via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REGAL REXNORD CORP director Robin A. Walker-Lee received a small stock-based award tied to existing grants. On April 14, the director acquired 2.165 shares of common stock at $209.35 per share through additional restricted stock units credited under a dividend equivalent reinvestment feature. After this award, direct holdings reported in this account total 5,877.101 shares, and the new units follow the same vesting terms as the underlying restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Walker-Lee Robin A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.165 | $209.35 | $453.24 |
Holdings After Transaction:
Common Stock — 5,877.101 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units credited: 2.165 shares
Reference price per share: $209.35 per share
Shares held after transaction: 5,877.101 shares
3 metrics
Restricted stock units credited
2.165 shares
Additional RSUs from dividend equivalent reinvestment on April 14
Reference price per share
$209.35 per share
Value used for the RSU credit
Shares held after transaction
5,877.101 shares
Direct holdings following the RSU credit
Key Terms
restricted stock units, dividend equivalent reinvestment provision, quarterly dividend payment, vesting
4 terms
restricted stock units financial
"Represents additional restricted stock units credited to the reporting person under the dividend equivalent reinvestment provision"
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 provision financial
"under the dividend equivalent reinvestment provision of the reporting person's outstanding restricted stock unit awards"
quarterly dividend payment financial
"as a result of a quarterly dividend payment"
vesting financial
"subject to the same terms and conditions, including vesting, as the outstanding restricted stock unit awards"
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.
FAQ
What did REGAL REXNORD (RRX) director Robin A. Walker-Lee report on this Form 4?
The Form 4 shows Robin A. Walker-Lee acquired 2.165 shares of REGAL REXNORD common stock. This came from additional restricted stock units credited under a dividend equivalent reinvestment provision tied to existing restricted stock unit awards.
Was the RRX insider transaction an open-market buy or a stock award?
The RRX insider transaction was a stock-based award, not an open-market purchase. It reflects a grant of additional restricted stock units credited via dividend equivalent reinvestment on existing awards, recorded at $209.35 per share.
What is the size of the stock grant reported for REGAL REXNORD (RRX)?
The stock grant reported is relatively small, totaling 2.165 shares of REGAL REXNORD common stock. It arose from the dividend equivalent reinvestment feature on outstanding restricted stock unit awards following a quarterly dividend payment.
How were the additional restricted stock units for RRX’s director generated?
The additional restricted stock units were generated by a dividend equivalent reinvestment provision. When REGAL REXNORD paid a quarterly dividend, the provision credited extra restricted stock units that mirror the vesting and other terms of the existing awards.