REGAL REXNORD CORP
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Share Repurchase Program
The following table contains detail related to the repurchase of our common stock based on the date of trade during the quarter ended September 30, 2024.
| 2024 Fiscal Month · Total Number of Shares Purchased(1) · Average Price Paid per Share · Total Value of Shares Purchased as a Part of Publicly Announced Plans or Programs(2) · Maximum Value of Shares that May be Purchased Under the Plans or Programs | |||||
|---|---|---|---|---|---|
| Jul 1 to Jul 31 | — | $— | $— | $194,963,843 | |
| Aug 1 to Aug 30 | 208,252 | 150.62 | 31,367,841 | 163,596,002 | |
| Sep 1 to Sep 30 | 124,187 | 150.09 | 18,638,782 | 144,957,220 | |
| 332,439 | $50,006,623 | ||||
(1) At a meeting of the Board of Directors on October 26, 2021, the Company's Board of Directors approved the authorization to purchase up to $500.0 million of shares under the Company's share repurchase program. The authorization has no expiration date.
(2) During the quarter ended September 30, 2024, the Company purchased 332,439 shares or $50.0 million in shares pursuant to the October 26, 2021 repurchase authorization.
Equity Incentive Plans
Under our equity incentive plans, participants may pay the exercise price or satisfy all or a portion of the federal, state and local withholding tax obligations arising in connection with plan awards by electing to (a) have the Company withhold shares of common stock otherwise issuable under the award, (b) tender back shares received in connection with such award or (c) deliver other previously owned shares of common stock, in each case having a value equal to the exercise price or the amount to be withheld.
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