SACHDEV RAKESH 4
Research Summary
AI-generated summary
Regal Rexnord Director Rakesh Sachdev Receives Award
What Happened
Rakesh Sachdev, a director of Regal Rexnord Corp (RRX), was credited with 2.165 restricted stock units (RSUs) on 2026-04-14 as an award/acquisition. The reported per-share value used in the filing was $209.35, giving an aggregate value of approximately $453. This issuance reflects dividend-equivalent reinvestment, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-14; Form 4 filed: 2026-04-16 (timely filing).
- Transaction type/code: A — Grant/award or other acquisition.
- Shares/units acquired: 2.165 RSUs at $209.35 per share; total value ≈ $453.
- Shares owned after transaction: Not specified in the information provided.
- Footnote: Additional RSUs were credited under the dividend equivalent reinvestment provision and are subject to the same terms and vesting schedule as the underlying RSU awards.
Context
This was a small-value award resulting from dividend reinvestment, a routine administrative credit tied to existing RSU awards rather than a new compensation decision or market trade. Such dividend-equivalent RSUs generally follow the same vesting and transfer restrictions as the original awards.