Robert Rehard - Oct 4, 2021 Form 4 Insider Report for REGAL REXNORD CORP (RRX)

Role
VP and Chief Financial Officer
Signature
/s/ Thomas E. Valentyn, as Power of Attorney
Stock symbol
RRX
Transactions as of
Oct 4, 2021
Transactions value $
$0
Form type
4
Date filed
10/6/2021, 08:43 PM
Previous filing
May 11, 2021
Next filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRX Common Stock Award $0 +142 +1% $0.00 14.4K Oct 4, 2021 Direct F1, F2

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 2.15K Oct 4, 2021 Common Stock 2.15K $74.56 Direct F3, F4
holding RRX Stock Appreciation Rights 3.32K Oct 4, 2021 Common Stock 3.32K $54.79 Direct F3, F4
holding RRX Stock Appreciation Rights 2.16K Oct 4, 2021 Common Stock 2.16K $76.99 Direct F3, F4
holding RRX Stock Appreciation Rights 7.73K Oct 4, 2021 Common Stock 7.73K $74.04 Direct F3, F5
holding RRX Stock Appreciation Rights 15.4K Oct 4, 2021 Common Stock 15.4K $78.05 Direct F3, F5
holding RRX Stock Appreciation Rights 12.3K Oct 4, 2021 Common Stock 12.3K $84.39 Direct F3, F6
holding RRX Stock Appreciation Rights 9.28K Oct 4, 2021 Common Stock 9.28K $133.77 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 640 shares of Land Newco, Inc. common stock in connection with the transactions ("Transactions") set forth in that certain Agreement and Plan of Merger, dated as of February 15, 2021, by and among Regal Beloit Corporation, Rexnord Corporation, Land Newco, Inc., and Phoenix 2021, Inc. The Transactions included a distribution of one share of Land Newco, Inc. common stock for each issued and outstanding share of Rexnord Corporation common stock, with each Land Newco, Inc. share then exchanged for 0.22296103 of a share of Regal Beloit Corporation common stock. On the effective date of the Transactions, October 4, 2021, the closing price of a share of Regal Rexnord Corporation (f/k/a Regal Beloit Corporation) common stock was $151.00, and the closing price of a share of Zurn Water Solutions Corporation (f/k/a Rexnord Corporation) common stock was $64.95.
F2 The number of shares of common stock subject to the reporting person's restricted stock unit awards was increased by 379 shares to preserve the intrinsic value of such awards following the payment of a special dividend that took place in connection with the Transactions. The total number of shares beneficially owned by the reporting person has been updated to reflect the adjustment.
F3 The number of shares of common stock subject to the reporting person's stock appreciation rights awards was increased, and the per share strike price of such awards was decreased, to preserve the intrinsic value of such awards following the payment of a special dividend that took place in connection with the Transactions. The total number of shares subject to, and the per share strike price of, such awards, has been updated to reflect the adjustment.
F4 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.
F5 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.
F6 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.