Regal Rexnord EVP receives stock award, withholds shares
Regal Rexnord Corp executive Jerrald R. Morton reported equity compensation and related tax withholding.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,566 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 412 | $218.21 | $90K |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
Footnotes (2)
- F1. 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.
- 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.
FAQ
What equity award did Regal Rexnord (RRX) executive Jerrald R. Morton receive?
How do the Restricted Stock Units for Regal Rexnord (RRX) executive Morton vest over time?
What Stock Appreciation Rights holdings are reported for Regal Rexnord (RRX) executive Morton?
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