Regal Rexnord (RRX) director receives additional RSUs from dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REGAL REXNORD CORP director Stephen M. Burt received a small grant of additional restricted stock units tied to a quarterly dividend. The filing shows an acquisition of 2.165 units at a reference price of $209.35 per share, increasing his direct holdings to 25,340.101 shares.
The footnote explains these units were credited under a dividend equivalent reinvestment provision and remain subject to the same vesting terms and conditions as the underlying restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burt Stephen M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2.165 | $209.35 | $453.24 |
Holdings After Transaction:
Common Stock — 25,340.101 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock units granted: 2.165 units
Reference price per share: $209.35 per share
Shares held after transaction: 25,340.101 shares
3 metrics
Restricted stock units granted
2.165 units
Dividend equivalent reinvestment on quarterly dividend
Reference price per share
$209.35 per share
Value associated with the RSU credit
Shares held after transaction
25,340.101 shares
Total direct holdings following 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"
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"
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"
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 insider transaction did REGAL REXNORD (RRX) disclose for Stephen M. Burt?
REGAL REXNORD disclosed that director Stephen M. Burt received 2.165 additional restricted stock units. These units were credited under a dividend equivalent reinvestment provision tied to a quarterly dividend payment and are subject to the same vesting terms as his existing restricted stock unit awards.
Was the RRX Form 4 transaction an open-market buy or a stock grant?
The Form 4 transaction was a grant-type acquisition, not an open-market purchase. Additional restricted stock units were credited to Stephen M. Burt as dividend equivalents on existing awards, following a quarterly dividend, and they carry the same vesting conditions as the original restricted stock units.
Why did REGAL REXNORD credit additional restricted stock units to Stephen M. Burt?
Additional restricted stock units were credited under a dividend equivalent reinvestment provision. When REGAL REXNORD paid a quarterly dividend, Burt’s outstanding restricted stock unit awards generated dividend equivalents, which were reinvested as 2.165 new units subject to the same vesting conditions as the original awards.