Regal Rexnord (RRX) director adds dividend-based restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REGAL REXNORD CORP director Michael P. Doss received additional stock-based compensation through dividend equivalents. On the reported date, he acquired 3.961 shares of common stock in the form of restricted stock units valued at $209.35 per share. These units were credited under a dividend equivalent reinvestment feature tied to his existing restricted stock unit awards and are subject to the same vesting terms. Following this grant, he holds 3,904.48 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DOSS MICHAEL P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3.961 | $209.35 | $829.24 |
Holdings After Transaction:
Common Stock — 3,904.48 shares (Direct)
Footnotes (1)
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Key Figures
RSUs acquired: 3.961 shares
Reference price per share: $209.35 per share
Shares held after transaction: 3,904.48 shares
3 metrics
RSUs acquired
3.961 shares
Restricted stock units credited via dividend equivalent reinvestment
Reference price per share
$209.35 per share
Value used for the RSU grant on transaction date
Shares held after transaction
3,904.48 shares
Direct holdings following RSU dividend-equivalent grant
Key Terms
restricted stock units, dividend equivalent reinvestment, quarterly dividend payment
3 terms
restricted stock units financial
"Represents additional restricted stock units credited to the reporting person"
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
"under the dividend equivalent reinvestment provision of the reporting person's outstanding"
quarterly dividend payment financial
"as a result of a quarterly dividend payment"
FAQ
What did REGAL REXNORD (RRX) director Michael P. Doss report on this Form 4?
Michael P. Doss reported acquiring additional restricted stock units linked to REGAL REXNORD common stock. The award reflects dividend equivalents reinvested into RSUs rather than an open-market stock purchase.
At what price were the new REGAL REXNORD (RRX) restricted stock units recorded?
The new restricted stock units were valued at $209.35 per share. This value reflects the reference price used for the dividend equivalent reinvestment into additional RSUs.
What are Michael P. Doss’s REGAL REXNORD (RRX) holdings after this Form 4 transaction?
After this transaction, Michael P. Doss directly holds 3,904.48 shares of REGAL REXNORD common stock. This figure includes the additional restricted stock units credited as dividend equivalents.
What is the nature of the REGAL REXNORD (RRX) award reported by Michael P. Doss?
The award consists of additional restricted stock units credited under a dividend equivalent reinvestment provision. These RSUs carry the same terms and vesting conditions as the underlying restricted stock unit awards.
Was this REGAL REXNORD (RRX) Form 4 transaction an open-market stock purchase?
No, the transaction reflects a grant of restricted stock units from dividend equivalent reinvestment. It is a compensation-related acquisition rather than an open-market purchase of REGAL REXNORD shares.