REGAL REXNORD CORP

For the period ended Jun 30, 2024. Filed Aug 1, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 1, 2024

RRX$180.78+6.9%Stored close · as of Nov 9, 2026

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Contents

9. Shareholders' Equity

SHAREHOLDERS’ EQUITY

Share-Based Compensation

The Company recognized approximately $9.5 million and $14.5 million in share-based compensation expense for the three months ended June 30, 2024 and June 30, 2023, respectively, and approximately $18.6 million and $36.2 million for the six months ended June 30, 2024 and June 30, 2023, respectively. The $36.2 million includes $15.7 million related to the accelerated vesting of awards for certain former Altra employees. The total income tax benefit recognized in the Condensed Consolidated Statements of Income for share-based compensation expense was $1.5 million and $2.5 million for the three months ended June 30, 2024 and June 30, 2023, respectively, and $3.6 million and $3.7 million for the six months ended June 30, 2024 and June 30, 2023, respectively. The Company recognizes compensation expense on grants of share-based compensation awards on a straight-line basis over the vesting period of each award.

During thesix months ended June 30, 2024, the Company granted the following share-based incentive awards:

Award Type	Number of Awards	Weighted Average Grant-Date Fair Value
Options and SARs	102,219	$62.94
Restricted Stock Units	120,614	$166.95
Performance Share Units	55,195	$245.81

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