Form 4 for RRX REGAL REXNORD CORP
Accepted 2021-10-06 00:00:00 ET · period of report 2021-10-04 · accession 0000082811-21-000124 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-10-06 | 2021-10-04 | RRX | Klun Daniel J | VP, Corp. Ctrl | A - Grant | $0.00 | +2,753 | 2,753 | New | $0 |
| DI | 2021-10-06 | 2021-10-04 | RRX | Klun Daniel J | VP, Corp. Ctrl | A - Grant | $0.00 | +34 | 34 | New | $0 |
| DM | 2021-10-06 | 2021-10-04 | RRX | Klun Daniel J | VP, Corp. Ctrl | A - Grant | $0.00 | +21.1K | 3,656 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-10-04 | A | A | 2,753 | $0.00 | 2,753 | D By 401(k) Plan | — | — | (F1) Represents restricted stock units received in 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. in conversion of restricted stock units relating to 5,987 shares of Rexnord Corporation common stock. The restricted stock units vest as follows: 513 vest on May 13, 2022; 991 vest on December 31, 2021; and 416 vest on February 16, 2022, 417 vest on February 16, 2023 and 416 vest on February 16, 2024. |
| 2 | Common | Common Stock | 2021-10-04 | A | A | 34 | $0.00 | 34 | I | — | — | (F2) Received in connection with the Transactions in exchange for 156 shares of Land Newco, Inc. common stock held in the 401(k) plan sponsored by Rexnord Corporation. The Transactions included a distribution of one share of Land Newco, Inc. common stock for each issued and outstanding share of Rexnord Corporation, 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. |
| 3 | Derivative | Stock Options | 2021-10-04 | A | A | 2,383 | $0.00 | 2,383 | D | $62.92 · — to — | 2,383 Common Stock | (F7) Received in the Transactions in conversion of employee stock options to acquire 5,188 shares of Rexnord Corporation common stock for $28.91. (F3) This option is currently exercisable in full. |
| 4 | Derivative | Stock Options | 2021-10-04 | A | A | 4,420 | $0.00 | 4,420 | D | $63.79 · — to — | 4,420 Common Stock | (F4) Received in the Transactions in conversion of employee stock options to acquire 9,620 shares of Rexnord Corporation common stock for $29.31. (F3) This option is currently exercisable in full. |
| 5 | Derivative | Stock Options | 2021-10-04 | A | A | 5,389 | $0.00 | 5,389 | D | $50.34 · — to — | 5,389 Common Stock | (F6) Received in the Transactions in conversion of employee stock options to acquire 11,729 shares of Rexnord Corporation common stock for $23.13. (F3) This option is currently exercisable in full. |
| 6 | Derivative | Stock Options | 2021-10-04 | A | A | 5,208 | $0.00 | 5,208 | D | $56.09 · — to — | 5,208 Common Stock | (F5) Received in the Transactions in conversion of employee stock options to acquire 11,336 shares of Rexnord Corporation common stock for $25.77. (F3) This option is currently exercisable in full. |
| 7 | Derivative | Stock Options | 2021-10-04 | A | A | 3,656 | $0.00 | 3,656 | D | $98.16 · — to — | 3,656 Common Stock | (F9) Received in the Transactions in conversion of employee stock options to acquire 7,958 shares of Rexnord Corporation common stock for $45.10. (F8) Stock Options will vest 100% on Feburary 16, 2024. |