Regal Rexnord (RRX) EVP Morton gets dividend-linked stock unit credit
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Regal Rexnord EVP and Pres. IPS* Jerrald R. Morton reported a small equity award tied to dividends rather than market trading. He received 12.473 additional restricted stock units at a reference price of $209.35 per share through a dividend equivalent reinvestment feature on his existing awards.
After this credit, Morton directly holds 26,196.235 shares of common stock. He also holds stock appreciation rights over 5,304 underlying shares at an exercise price of $154.20 and 5,171 underlying shares at $168.47. These rights vest gradually over three years under a scheduled vesting schedule, reflecting ongoing incentive-based compensation rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Morton Jerrald R
Role
EVP and Pres. IPS*
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12.473 | $209.35 | $3K |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,196.235 shares (Direct);
Stock Appreciation Rights — 5,304 shares (Direct)
Footnotes (1)
- Represents 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. The additional restricted stock units resulting from the dividend equivalent reinvestment are subject to the same terms and conditions, including vesting, as the outstanding restricted stock unit awards to which they are attributable. 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.
Key Figures
Restricted stock units credited: 12.473 shares
Reference price per unit: $209.35 per share
Common stock held after transaction: 26,196.235 shares
+3 more
6 metrics
Restricted stock units credited
12.473 shares
Dividend equivalent reinvestment on restricted stock unit awards
Reference price per unit
$209.35 per share
Value used for 12.473 restricted stock units
Common stock held after transaction
26,196.235 shares
Direct Regal Rexnord common stock ownership after credit
Stock appreciation rights underlying shares
5,304 shares
Underlying common stock at $154.20 exercise price, expiring 2033-02-23
Stock appreciation rights underlying shares
5,171 shares
Underlying common stock at $168.47 exercise price, expiring 2034-02-23
SAR vesting schedule
34% / 67% / 100%
Vests over first, second, and third anniversaries of grant
Key Terms
restricted stock units, dividend equivalent reinvestment, Stock Appreciation Rights, vesting
4 terms
restricted stock units financial
"Represents additional restricted stock units credited to the reporting person under the dividend equivalent reinvestment provision"
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.
dividend equivalent reinvestment financial
"credited to the reporting person under the dividend equivalent reinvestment provision of the reporting person's outstanding restricted stock unit awards"
Stock Appreciation Rights financial
"The Stock Appreciation Rights vest and become exercisable 34% on the first anniversary"
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
vesting financial
"subject to the same terms and conditions, including vesting, as the outstanding restricted stock unit awards"
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.
FAQ
What did Regal Rexnord (RRX) executive Jerrald R. Morton report on this Form 4?
Jerrald R. Morton reported receiving 12.473 additional restricted stock units through dividend equivalent reinvestment. These units were credited at $209.35 per share and increase his direct common stock holdings to 26,196.235 shares, reflecting routine, compensation-related activity rather than open-market trading.
What are the dividend equivalent restricted stock units reported by RRX’s Morton?
The filing shows 12.473 restricted stock units credited via a dividend equivalent reinvestment provision. When Regal Rexnord pays quarterly dividends, Morton’s existing restricted stock unit awards earn additional units that mirror those dividends and vest under the same conditions as the original awards.
What stock appreciation rights does Jerrald R. Morton hold in Regal Rexnord (RRX)?
Morton holds stock appreciation rights tied to 5,304 underlying shares at a $154.20 exercise price and 5,171 underlying shares at $168.47. These derivative awards provide value based on Regal Rexnord’s share price performance over time, separate from his directly owned common stock.
How do Jerrald R. Morton’s stock appreciation rights in RRX vest over time?
The stock appreciation rights vest in stages: 34% on the first anniversary of grant, 67% on the second anniversary, and 100% on the third anniversary. This multi-year vesting schedule is designed to align Morton’s incentives with longer-term Regal Rexnord share performance.
Does this Regal Rexnord (RRX) Form 4 show insider buying or selling on the open market?
The Form 4 does not report open-market buying or selling. Instead, it shows a grant-type acquisition of 12.473 restricted stock units from dividend equivalent reinvestment and confirms existing stock appreciation rights positions, indicating routine compensation-related adjustments rather than discretionary trades.