Regal Rexnord (RRX) director receives 923 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Michael F reported acquisition or exercise transactions in this Form 4 filing.
REGAL REXNORD CORP director Michael F. Hilton received a grant of 923 restricted stock units under the 2023 Omnibus Incentive Plan. These units represent future common shares that vest on May 11, 2027, increasing his direct holdings to about 9,159.48 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hilton Michael F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 923 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,159.48 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 923 units
Transaction price per unit: $0.0000
Shares held after transaction: 9,159.48 shares
+1 more
4 metrics
Restricted stock units granted
923 units
Award to director Michael F. Hilton on May 11, 2026
Transaction price per unit
$0.0000
Compensatory RSU grant, not an open-market purchase
Shares held after transaction
9,159.48 shares
Total direct Regal Rexnord common stock following grant
RSU vesting date
May 11, 2027
Vesting schedule for 923 restricted stock units
Key Terms
Restricted stock units, 2023 Omnibus Incentive Plan, vesting, Form 4
4 terms
Restricted stock units financial
"Restricted stock units granted to the reporting person under the 2023 Omnibus Incentive Plan."
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.
2023 Omnibus Incentive Plan financial
"Restricted stock units granted to the reporting person under the 2023 Omnibus Incentive Plan."
vesting financial
"The restricted stock units vest on 5/11/2027."
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Regal Rexnord (RRX) director Michael F. Hilton report on this Form 4?
Director Michael F. Hilton reported receiving 923 restricted stock units as a compensation grant. The award was made under Regal Rexnord’s 2023 Omnibus Incentive Plan and reflects a non-cash acquisition that will convert into common stock once the vesting conditions are satisfied.
When do the 923 restricted stock units granted to the Regal Rexnord (RRX) director vest?
The 923 restricted stock units vest on May 11, 2027. Once vested, the units are expected to settle in Regal Rexnord common stock, aligning the director’s compensation with long-term shareholder interests over the multi-year vesting period.
What plan governs the restricted stock unit grant reported for Regal Rexnord (RRX)?
The restricted stock units were granted under Regal Rexnord’s 2023 Omnibus Incentive Plan. This plan provides equity-based awards like restricted stock units to directors and employees, designed to align their compensation with the company’s long-term performance and share value.
Was there any price paid for the 923 Regal Rexnord (RRX) restricted stock units?
No purchase price was paid for these units. The transaction price per share is reported as 0.0000, reflecting that the 923 restricted stock units are a compensatory grant rather than an open-market purchase, with value realized upon future vesting into common stock.