Louis V. Pinkham - Oct 15, 2021 Form 4 Insider Report for REGAL REXNORD CORP (RRX)

Role
Chief Executive Officer, Director
Signature
/s/ Thomas E. Valentyn, as Power of Attorney
Stock symbol
RRX
Transactions as of
Oct 15, 2021
Transactions value $
$11,801
Form type
4
Date filed
10/19/2021, 05:38 PM
Next filing
Jan 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRX Common Stock Award $11.8K +81.8 +0.17% $144.25 49K Oct 15, 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 55.6K Oct 15, 2021 Common Stock 55.6K $78.05 Direct F3, F4
holding RRX Stock Appreciation Rights 47.5K Oct 15, 2021 Common Stock 47.5K $84.39 Direct F3, F5
holding RRX Stock Appreciation Rights 33.4K Oct 15, 2021 Common Stock 33.4K $133.77 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The number of shares of common stock subject to the reporting person's restricted stock unit awards was increased by 1,724 shares to preserve the intrinsic value of such awards following the payment of a special dividend that took place 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 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 under the 2018 Equity Incentive Plan. The stock appreciation rights 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 stock appreciation rights under the 2018 Equity Incentive Plan. 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.