Executive at Regal Rexnord (RRX) awarded 2,016 RSUs vesting over 3 years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Long Kevin reported acquisition or exercise transactions in this Form 4 filing.
REGAL REXNORD CORP executive Kevin Long received an equity award of 2,016 restricted stock units (RSUs) of common stock. The award was granted at no cash cost to him and represents a stock-based compensation grant rather than an open-market purchase.
The RSUs vest 34% on the first anniversary of the grant date, 33% on the second anniversary, and 33% on the third anniversary. After this grant, Long beneficially owns 7,477.573 shares-equivalent of common stock, which includes 13.291 additional RSUs credited through dividend equivalent reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Long Kevin
Role
EVP and President, AMC*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,016 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,477.573 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. Includes 13.291 additional restricted stock units credited to the reporting person under the dividend equivalent reinvestment provision of the reporting person's outstanding restricted stock unit awards as a result of a quarterly dividend payment that were not previously included in the reporting person's securities beneficially owned.
FAQ
What insider transaction did REGAL REXNORD (RRX) report for Kevin Long?
Kevin Long received a grant of 2,016 restricted stock units (RSUs) of REGAL REXNORD common stock. These RSUs are stock-based compensation, not an open-market purchase, and were granted at a price of $0.00 per share according to the Form 4 filing details.
How do Kevin Long’s new RSUs at REGAL REXNORD (RRX) vest over time?
The 2,016 restricted stock units granted to Kevin Long vest in three annual installments. The schedule is 34% of the RSUs on the first anniversary of the grant date, then 33% on the second anniversary and 33% on the third anniversary, subject to typical award conditions.
What are the dividend equivalent RSUs mentioned in Kevin Long’s REGAL REXNORD (RRX) filing?
The filing notes that 13.291 additional RSUs were credited to Kevin Long under dividend equivalent reinvestment. These units result from quarterly dividend payments applied to his outstanding RSU awards, increasing the number of restricted stock units he beneficially owns without separate cash transactions.
Was Kevin Long’s REGAL REXNORD (RRX) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant or award acquisition, not a purchase. Transaction code “A” indicates an award of 2,016 restricted stock units at a stated price of $0.00 per share, meaning it is compensation-based equity rather than an open-market buy or sell transaction.