RRX (RRX) CEO uses company shares to cover equity-award tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REGAL REXNORD CORP Chief Executive Officer Louis V. Pinkham reported tax-related share dispositions in connection with equity awards. On February 24, he disposed of 3,424 shares of common stock at $223.69 per share to satisfy tax obligations, leaving 76,717.464 shares directly owned afterward.
On February 23, he similarly disposed of 3,196 shares at $218.21 per share for tax withholding, with 80,141.464 shares directly owned after that transaction. He also directly holds stock appreciation rights, with 10,009 and 18,850 units outstanding that vest 34%, 67%, and 100% over the first three anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Pinkham Louis V.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,424 | $223.69 | $766K |
| Tax Withholding | Common Stock | 3,196 | $218.21 | $697K |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
Holdings After Transaction:
Common Stock — 76,717.464 shares (Direct);
Stock Appreciation Rights — 10,009 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did RRX CEO Louis V. Pinkham report?
Louis V. Pinkham reported two tax-withholding dispositions of REGAL REXNORD CORP common stock tied to equity awards. On February 23 and 24, he delivered shares to cover tax liabilities rather than conducting open-market sales, while remaining a direct shareholder in the company.
Were the RRX CEO’s reported transactions open-market stock sales?
No, the transactions were coded as tax-withholding dispositions, not open-market sales. Code F indicates shares were delivered to pay exercise price or tax liabilities for equity awards, so the activity reflects compensation-related withholding rather than discretionary buying or selling in the market.
What stock appreciation rights does the RRX CEO hold and how do they vest?
Louis V. Pinkham directly holds stock appreciation rights with 10,009 and 18,850 units outstanding. According to the disclosure, these rights vest 34% on the first anniversary, 67% on the second anniversary, and 100% on the third anniversary of the grant date.
Does the RRX CEO’s Form 4 show any insider purchases or sales?
The Form 4 shows no insider purchases or traditional open-market sales. It reports two dispositions classified as tax-withholding events, where shares were delivered to satisfy tax liabilities on equity awards, plus updated holdings of stock appreciation rights with a three-year graded vesting schedule.