Jerrald R. Morton - 09 May 2021 Form 4 Insider Report for REGAL BELOIT CORP (RRX)

Role
Segment President*
Signature
/s/ Thomas E. Valentyn, as Power of Attorney
Issuer symbol
RRX
Transactions as of
09 May 2021
Transactions value $
-$82,726
Form type
4
Filing time
11 May 2021, 16:35:57 UTC
Next filing
19 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRX Common Stock Award $0 +929 +11.58% $0.00 8.95K 09 May 2021 Direct F1
transaction RRX Common Stock Tax liability -$82.7K -550 -6.15% $150.41 8.4K 09 May 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding RRX Stock Appreciation Rights 1.98K 09 May 2021 Common Stock 1.98K $78.15 Direct F2
holding RRX Stock Appreciation Rights 4.94K 09 May 2021 Common Stock 4.94K $57.43 Direct F2
holding RRX Stock Appreciation Rights 3.22K 09 May 2021 Common Stock 3.22K $80.70 Direct F2
holding RRX Stock Appreciation Rights 3.25K 09 May 2021 Common Stock 3.25K $77.60 Direct F3
holding RRX Stock Appreciation Rights 3.6K 09 May 2021 Common Stock 3.6K $81.81 Direct F3
holding RRX Stock Appreciation Rights 5.89K 09 May 2021 Common Stock 5.89K $88.45 Direct F4
holding RRX Stock Appreciation Rights 4.51K 09 May 2021 Common Stock 4.51K $140.22 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of stock represent performance shares being issued to the reporting person based on the achievement of certain performance targets pursuant to the 2018 Equity Incentive Plan.
F2 Granted as stock-settled Stock Appreciation Rights ("SARs") under the 2013 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary of the date of the grant.
F3 Granted as stock-settled SARs under the 2018 Equity Incentive Plan. The SARs vest and become exercisable 40% on the second anniversary, 60% on the third anniversary, 80% on the fourth anniversary and 100% on the fifth anniversary of the date of the grant.
F4 Granted as stock-settled SARs under the 2018 Equity Incentive Plan. The SARs 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.

Remarks:

*President, Power Transmission Solutions Segment