SACHDEV RAKESH 4
Research Summary
AI-generated summary
Regal Rexnord (RRX) Director Rakesh Sachdev Receives Award
What Happened
- Sachdev Rakesh (listed on the filing), a director of Regal Rexnord Corp (RRX), received a grant of 923 restricted stock units (RSUs) on 2026-05-11. The Form 4 reports an acquisition price of $0.00 for the award (923 RSUs @ $0.00 = $0 reported).
Key Details
- Transaction date: 2026-05-11; reported filing date: 2026-05-13 (timely filing).
- Transaction type/code: Award/Grant (code A).
- Quantity: 923 restricted stock units; reported acquisition price: $0.00.
- Shares owned after transaction: not disclosed in the Form 4 filing.
- Footnote: RSUs were granted under the 2023 Omnibus Incentive Plan and vest on 5/11/2027 (per footnote).
Context
- RSUs are a form of compensation that convert to shares only after vesting and may be forfeited if vesting conditions aren’t met; this grant is not a market purchase or sale and does not represent an immediate change in trading position.