Regal Rexnord (NYSE: RRX) EVP granted RSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Regal Rexnord Corp executive Jerrald R. Morton reported equity compensation and related tax withholding. He received a grant of 2,566 Restricted Stock Units at no cost, which vest 34% on the first anniversary, 33% on the second, and 33% on the third anniversary of the grant date.
To cover tax obligations, 412 shares of common stock were disposed of at $218.21 per share through a tax-withholding transaction, rather than an open-market sale. After these transactions, he directly held 26,183.762 shares of common stock. The filing also reports holdings of Stock Appreciation Rights with vesting over three years on a 34%, 67%, and 100% schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Morton Jerrald R
Role
EVP and Pres. IPS*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,566 | $0.00 | -- |
| Tax Withholding | Common Stock | 412 | $218.21 | $90K |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,595.762 shares (Direct);
Stock Appreciation Rights — 5,304 shares (Direct)
Footnotes (1)
- Restricted Stock Units ("RSUs") granted to the reporting person. The RSUs vest 34% on the first anniversary, 33% on the second anniversary and 33% on the third anniversary of the date of the grant. 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.
FAQ
What equity award did Regal Rexnord (RRX) executive Jerrald R. Morton receive?
Jerrald R. Morton received a grant of 2,566 Restricted Stock Units. These RSUs vest 34% after one year, 33% after two years, and 33% after three years from the grant date, aligning his compensation with long-term company performance.
How do the Restricted Stock Units for Regal Rexnord (RRX) executive Morton vest over time?
Morton’s 2,566 RSUs vest over three years: 34% on the first anniversary, 33% on the second, and 33% on the third. This staged vesting structure encourages continued service and long-term alignment with Regal Rexnord’s performance.
What Stock Appreciation Rights holdings are reported for Regal Rexnord (RRX) executive Morton?
The filing reports Morton's holdings of Stock Appreciation Rights, with tranches vesting 34% after one year, 67% after two years, and 100% after three years. These rights provide value based on share price appreciation over the vesting period.