March 22, 2024 · Form 4 insider transaction
Firestone Jeffrey D. bought 35,314 shares of Rexnord Incorporated Class A at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Each RSU represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.; The RSUs vest in three equal annual installments on the first, second and third anniversaries of the grant date, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.; The Reporting Person was also awarded 35,315 Performance Share Units (PSUs) at target level, which will be eligible to vest depending on achievement of total shareholder return relative to a subset of companies in the S&P Transportation Select Industry and EBITDA performance targets over a three-year time period and will be reported when the number of earned shares is determined.