Regal Rexnord (NYSE: RRX) EVP, 10% owner credited dividend-equivalent RSUs
Rhea-AI Filing Summary
REGAL REXNORD CORP Executive Vice President Jerrald R. Morton reported an acquisition of 12.3830 shares of common stock at $211.2000 per share, increasing his direct holdings to 16818.6180 shares. According to the disclosure, these represent additional restricted stock units credited through a dividend equivalent reinvestment tied to a quarterly dividend.
Morton also reports outstanding stock appreciation rights linked to 5171.0000 and 5304.0000 underlying common shares, with exercise prices of $168.4700 and $154.2000, expiring on 2034-02-23 and 2033-02-23.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12.383 shares
Net Buy
3 txns
Insider
Morton Jerrald R
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 12.383 | $211.20 | $3K |
| holding | Stock Appreciation Rights F2 | -- | -- | -- |
| holding | Stock Appreciation Rights F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,818.618 shares (Direct);
Stock Appreciation Rights — 10,475 shares (Direct)
Footnotes (2)
- 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.
- F2. 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.
Key Figures
RSU dividend credit: 12.3830 shares
Post-transaction common shares: 16818.6180 shares
RSU reference price: $211.2000 per share
+4 more
7 metrics
RSU dividend credit
12.3830 shares
Additional restricted stock units credited at $211.2000 per share
Post-transaction common shares
16818.6180 shares
Morton’s direct Regal Rexnord common stock holdings after the acquisition
RSU reference price
$211.2000 per share
Price per share used for the 12.3830 restricted stock units
SAR underlying shares (1)
5171.0000 shares
Underlying common stock for SARs at $168.4700, expiring 2034-02-23
SAR exercise price (1)
$168.4700
Exercise price for 5171.0000 underlying SAR shares
SAR underlying shares (2)
5304.0000 shares
Underlying common stock for SARs at $154.2000, expiring 2033-02-23
SAR exercise price (2)
$154.2000
Exercise price for 5304.0000 underlying SAR shares
Key Terms
Stock Appreciation Rights, restricted stock units, dividend equivalent reinvestment provision
3 terms
Stock Appreciation Rights financial
"The Stock Appreciation Rights vest and become exercisable 34% on the first anniversary..."
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
restricted stock units financial
"Represents additional restricted stock units credited to the reporting person under the dividend equivalent..."
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
"credited to the reporting person under the dividend equivalent reinvestment provision of the reporting person's outstanding..."
AI-generated analysis. How Rhea-AI works. Not financial advice.