REXNORD CORPORATIONd18rn0p25nwr6d.cloudfront.net/CIK-0001439288/3a24... · REXNORD CORPORATION (Name of registrant as specified in its charter) (Name of person(s) filing proxy statement,

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UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of theSecurities Exchange Act of 1934

(Amendment No. )

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REXNORD CORPORATION(Name of registrant as specified in its charter)

(Name of person(s) filing proxy statement, if other than the registrant)

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NOTICE OF ANNUAL MEETINGOF STOCKHOLDERS

on July 23, 2020

TotheStockholdersofRexnordCorporation:

Rexnord Corporation will hold its annual meeting of stockholders on Thursday, July 23, 2020, at 9:00 a.m. Central Time. Due to public healthconcernsasaresultofCOVID-19(coronavirus),andtosupportthehealthandwell-beingoftheCompany’sstockholdersandotherattendees,aswellastheirfamiliesandcommunities,theannualmeetingisbeingheldinavirtualmeetingformatonlythisyear,viaalivewebcast.Individualswillnotbeabletoattendtheannualmeetinginperson.TheCompanycurrentlyanticipatesholdingnextyear’sannualmeetinginperson.

Toattendtheannualmeeting,youmustbearegisteredstockholderasofthedatediscussedbelow,or,ifyoursharesareheldthroughabank,brokerorothernominee,youmustobtainalegalproxyfromsuchholderandfollowtheinstructionssetforthintheproxystatementtoobtainacontrolnumberfromASTFinancial.Pleasevisithttps://web.lumiagm.com/210483502onthedateoftheannualmeetingandenteryourcontrolnumber.Thepasswordforthemeetingisrex2020.StockholderswillbeabletoparticipateinthemeetingandviewthelistoftheCompany’sstockholdersofrecord,aswellastovoteatthemeeting,viathewebsite.Werecommendthatyouloginatleast15minutesbeforetheannualmeetingtoensureyouareloggedinwhenthemeetingstarts.Ifyouencounteranytechnicaldifficulties,pleasecallthetechnicalsupportnumberthatwillbepostedonthevirtualannualmeetingloginpage.

Theannualmeetingisbeingheldforthefollowingpurposes: 1. Toelectthreedirectorstoserveforthree-yeartermsexpiringattheannualmeetingtobeheldin2023;

2. To hold an advisory vote to approve the compensation of the Company’s named executive officers, as disclosed in “CompensationDiscussionandAnalysis”and“ExecutiveCompensation”intheproxystatement;

3. ToratifytheselectionofErnst &YoungLLPastheCompany’sindependent registeredpublicaccountingfirmforthetransitionperiodfromApril1,2020,toDecember31,2020;and

4. Totransactsuchotherbusinessasmayproperlycomebeforethemeetingoranyadjournmentthereof.

RexnordCorporation’sstockholdersofrecordatthecloseofbusinessonMay26,2020,willbeentitledtovoteatthemeetingoranyadjournmentofthemeeting.OnoraboutJune5,2020,weexpecttomailstockholdersaNoticeofInternetAvailabilityofProxyMaterialscontaininginstructionsonhowtoaccessourproxystatementandannualreport,aswellasvote,online.Weencouragestockholderstovoteinadvanceofthemeeting.

Wecallyourattentiontotheproxystatementaccompanyingthisnotice,whichcontainsimportantinformationaboutthematterstobeacteduponatthemeeting.

ByorderoftheBoardofDirectors

PatriciaM.WhaleyVicePresident,GeneralCounselandSecretary

Milwaukee,WisconsinJune5,2020

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You may vote in person or by using a proxy prior to the annual meeting as follows:•Byinternet:

Gotowww.voteproxy.com.Havethenoticewesenttoyouinhandwhenyouaccessthewebsitebecauseyouwillneedthecontrolnumberfromthenoticetovote.

•Bytelephone:

Call1-800-PROXIES(1-800-776-9437)intheUnitedStatesor 1-718-921-8500fromothercountriesonatouch-tonetelephone.Havethenoticewesentyouinhandwhenyoucallbecauseyouwillneedthecontrolnumberfromthenoticetovote.

•Bymail:

Pleaserequestwrittenmaterialsasprovidedonpage1oftheproxystatement.Complete,signanddatetheproxycard,andreturnittotheaddressindicatedontheproxycard.

Inaddition,tovoteatthemeeting,pleasefollowtheinstructionsdiscussedabove.

If you later find that you will be present at the meeting or for any other reason desire to revoke your proxy, you may do so at any time before it isvoted.

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511 W. Freshwater WayMilwaukee, Wisconsin 53204

PROXY STATEMENT

TABLE OF CONTENTSCOMMONLY ASKED QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING 1

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 7

PROPOSAL 1: ELECTION OF DIRECTORS 9NomineesforElectionatthisMeeting 9ContinuingDirectorsNotStandingforElectionatthisMeeting 11SelectionCriteriaforDirectors 13

CORPORATE GOVERNANCE 15BoardofDirectorsMeetings 15BoardEvaluationProcess 15DirectorIndependence 15BoardLeadershipStructure 15Board’sRoleinRiskOversight 16BoardCommittees 17CommunicationswiththeBoard 19AvailabilityofCodeofBusinessConductandEthics,CommitteeChartersandOtherCorporateGovernanceDocuments 20CorporateSocialResponsibilityandSustainability 20Directors’Compensation 21StockOwnershipGuidelinesforDirectors 22DelinquentSection16(a)Reports 23

COMPENSATION DISCUSSION AND ANALYSIS 24Overview 24RecentDevelopments 25GeneralCompensationPhilosophyandObjectivesofExecutiveCompensationPrograms 25SettingExecutiveCompensationandtheRoleofOurExecutiveOfficersandConsultantsinCompensationDecisions 27Fiscal2020ExecutiveCompensationComponentsandDeterminations 27CompensationCommitteeInterlocksandInsiderParticipation 37

COMPENSATION COMMITTEE REPORT 38

EXECUTIVE COMPENSATION 39SummaryCompensationTable 39GrantsofPlan-BasedAwardsinFiscal2020 42OutstandingEquityAwardsatFiscal2020Year-End 44OptionExercisesandStockVestedinFiscal2020 46PensionBenefits 46NonqualifiedDeferredCompensation 47Employment-RelatedAgreementsandPotentialPaymentsUponTerminationorChangeinControl 48

PAY RATIO DISCLOSURE 54

COMPENSATION AND RISK 54

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PROPOSAL 2: ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION 55

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 56

PROPOSAL 3: RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLICACCOUNTING FIRM FOR THE TRANSITION PERIOD 56

REPORT OF THE AUDIT COMMITTEE 56

AUDITORS 57FeesandServices 57AuditCommitteePre-ApprovalPoliciesandProcedures 58

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ANNUAL MEETING OF STOCKHOLDERSJULY 23, 2020

COMMONLY ASKED QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING

Q:WHENISTHEANNUALMEETING?

A: RexnordCorporation(“Rexnord,” “we”or the“Company”) will holdits annual meetingof stockholders onThursday, July23, 2020, at 9:00a.m.Central Time. Due to public health concerns as a result of COVID-19(coronavirus), and to support the health and well-being of the Company’sstockholdersandotherattendees,aswellastheirfamiliesandcommunities,theannualmeetingisbeingheldinavirtualmeetingformatonlythisyear,viaalivewebcast.Individualswillnotbeabletoattendtheannualmeetinginperson.TheCompanycurrentlyanticipatesholdingnextyear’sannualmeetinginperson.

Toattendtheannualmeeting,youmustbearegisteredstockholderasoftheRecordDate(asdefinedbelow),or,ifyoursharesareheldthroughabank,brokerorothernominee,youmustobtainalegalproxyfromsuchholderandfollowtheinstructionssetforthbelowtoobtainacontrolnumberfromASTFinancial(“AST”).Pleasevisithttps://web.lumiagm.com/210483502onthedateoftheannualmeetingandenteryourcontrolnumber.Thepasswordforthemeetingisrex2020.StockholderswillbeabletoparticipateinthemeetingandviewthelistoftheCompany’sstockholdersofrecord,aswellastovoteatthemeeting,viathewebsite.Ifyouhavemisplacedyourcontrolnumber,pleasecallASTtoll-freeat1-800-937-5449.

Werecommendthatyouloginatleast15minutesbeforetheannualmeetingtoensureyouareloggedinwhenthemeetingstarts. Ifyouencounteranytechnicaldifficulties,pleasecallthetechnicalsupportnumberthatwillbepostedonthevirtualannualmeetingloginpage.

Q:WHENISTHEPROXYMATERIALFIRSTBEINGMADEAVAILABLETOSTOCKHOLDERS?

A: OnoraboutJune5,2020,RexnordexpectstomailstockholdersaNoticeofInternetAvailabilityofProxyMaterialscontaininginstructionsonhowtoaccesstheproxymaterialovertheinternet.

Q: WHYDID I RECEIVE A NOTICE OF INTERNET AVAILABILITY OF PROXYMATERIALS INSTEADOF A PRINTED COPYOF THEPROXYMATERIAL?

A: SecuritiesandExchangeCommission(“SEC”)rulespermitustoprovideaccesstoourproxymaterialovertheinternetinsteadofmailingaprintedcopyof theproxymaterial to eachstockholder. Asa result, weare mailingstockholders a Noticeof Internet Availability of ProxyMaterials containinginstructionsonhowtoaccessourproxymaterial,includingourproxystatementandannualreport,andvoteviatheinternet.StockholderswillnotreceiveprintedcopiesoftheproxymaterialunlessrequestedbyfollowingtheinstructionsincludedontheNoticeofInternetAvailabilityofProxyMaterialsorasprovidedbelow.

Important Notice Regarding the Availability of Proxy Materials forthe Stockholder Meeting to Be Held on July 23, 2020

The proxy statement and annual report to security holders are available athttp://www.astproxyportal.com/ast/17558

Q:HOWCANSTOCKHOLDERSREQUESTPAPERCOPIESOFTHEPROXYMATERIAL?

A: Stockholdersmayrequestthatpapercopiesoftheproxymaterial,includinganannualreport,proxystatementandproxycard,besenttothemwithoutchargeasfollows:• Byinternet: https://us.astfinancial.com/OnlineProxyVoting/ProxyVoting/RequestMaterials

• Bye-mail: [email protected]

• Bytelephone: 888-Proxy-NA(888-776-9962)intheUnitedStatesor718-921-8562fromothercountries

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Whenyoumakeyourrequest,pleasehaveavailableyourpersonalcontrolnumbercontainedinthenoticewemailedtoyou.Toassuretimelydeliveryoftheproxymaterialbeforetheannualmeeting,pleasemakeyourrequestnolaterthanJuly9,2020.

Q:WHATAMIVOTINGON?

A: Attheannualmeetingyouwillbevotingonthefollowingproposals:

1. Theelectionofthreedirectorstoserveforthree-yeartermsexpiringattheannualmeetingtobeheldin2023.Thisyear’sboardnomineesare:

• ThomasD.Christopoul

• JohnS.Stroup

• PeggyN.Troy

2. AnadvisoryproposaltoapprovethecompensationoftheCompany’snamedexecutiveofficers,asdisclosedin“CompensationDiscussionandAnalysis”and“ExecutiveCompensation”herein.

3. AproposaltoratifytheselectionofErnst&YoungLLP(“E&Y”)astheCompany’sindependentregisteredpublicaccountingfirmforthetransitionperiodfromApril1,2020,toDecember31,2020.

Q:WHATARETHEBOARD’SVOTINGRECOMMENDATIONS?

A: Theboardofdirectorsissolicitingthisproxyandrecommendsthefollowingvotes:

1. FOReachoftheboard’snomineesforelectionasdirector.

2. FORapprovalofthecompensationoftheCompany’snamedexecutiveofficers.

3. FORthe ratification of the selection of E&Yas the Company’s independent registered public accounting firmfor the transition periodfromApril1,2020,toDecember31,2020.

Q:WHATISTHETRANSITIONPERIOD?

A:OnMay5,2020,aspreviouslyannounced,theCompany’sboardofdirectorsapprovedchangingtheCompany’sfiscalyearfromafiscalyearendingonMarch31ofeachyeartoafiscalyearendingonDecember31ofeachyear.Asaresultofsuchchange,thenine-monthperiodfromApril1,2020,untilDecember31,2020,isservingasa“transitionperiod,”andtheCompanywillfileatransitionreportonForm10-Kin2021coveringthetransitionperiod.Prior to filing the transition report, the Company will continue to report its quarterly financial results onForm10-Q.The Company’s fiscal 2021 willcommenceonJanuary1,2021.

Q:WHATVOTEISREQUIREDTOAPPROVEEACHPROPOSAL?

A: Toconducttheannualmeeting,amajorityofthesharesentitledtovotemustbepresentinpersonorbydulyauthorizedproxy.Thisisreferredtoasa“quorum.”Virtualattendanceattheannualmeetingconstitutespresenceinpersonforthesepurposes.Abstentionsandsharesthatarethesubjectofbrokernon-voteswill be counted for the purpose of determining whether a quorumexists. Shares represented at a meeting for any purpose are counted in thequorumforallmatterstobeconsideredatthemeeting.Allofthevotingrequirementsbelowassumethataquorumispresent.

Directorsareelectedbyapluralityofthevotescastinpersonorbyproxyatthemeeting,andentitledtovoteontheelectionofdirectors.“Plurality”meansthattheindividualswhoreceivethehighestnumberofvotesareelectedasdirectors,uptothenumberofdirectorstobechosenatthemeeting.Anyvotesattemptedtobecast“against”acandidatearenotgivenlegaleffectandarenotcountedasvotescastintheelectionofdirectors.Therefore,anysharesthatarenotvoted,whetherbywithheldauthority,brokernon-voteorotherwise,havenoeffectintheelectionofdirectorsexcepttotheextentthatthefailuretovoteforanyindividualresultsinanother

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individualreceivingarelativelylargernumberofvotes.Ourbylawsprovidethatifanynomineedoesnotreceive,inanuncontestedelection,amajorityofthevotescastforhisorherelectionasadirector,suchindividualmustsubmit,promptlyfollowingsuchvote,anirrevocableresignationfromtheboardthatiscontingentuponacceptanceofsuchresignationbytheboard.

Assumingaquorumispresent,theresultsoftheadvisoryvotetoapprovethecompensationoftheCompany’snamedexecutiveofficerswillbedeterminedbyamajorityofsharesvotingonsuchmatter.Abstentionsandbrokernon-voteswillnotaffectthisvote,exceptinsofarastheyreducethenumberofsharesthatarevoted.ThisisanadvisoryvoteandisnotbindingontheCompany.However,theCompensationCommittee,theboardandtheCompanyreviewthevotingresultscarefullyandtakethemintoconsiderationwhenevaluatingandmakingfuturedecisionsregardingexecutivecompensation.

AnaffirmativevoteofamajorityofthesharesrepresentedatthemeetingandentitledtovotethereonisrequiredfortheratificationoftheselectionofE&Yas the Company’s independent registered public accounting firm. Consequently, abstentions will act as votes against this proposal. Since brokers havediscretionaryauthoritytovoteonthisproposal,wedonotanticipateanybrokernon-voteswithregardtothismatter.

Q:WHATIFIDONOTVOTE?

A:Theeffectofnotvotingwilldependonhowyourshareownershipisregistered.Ifyouownsharesasaregisteredholderandyoudonotvote,thenyourunvotedshareswillnotberepresentedatthemeetingandwillnotcounttowardthequorumrequirement.Ifaquorumisobtained,thenyourunvotedshareswillnotaffectwhetheraproposalisapprovedorrejected.

If you are a stockholder whose shares are not registered in your name and you do not vote, then your bank, broker or other holder of record may stillrepresentyoursharesatthemeetingforpurposesofobtainingaquorum.Intheabsenceofyourvotinginstructions,yourbank,brokerorotherholderofrecord maynot be able to vote your shares in its discretion dependingonthe proposal before the meeting. Yourbroker maynot vote your shares in itsdiscretionintheelectionofdirectors;therefore,youmustvoteyoursharesifyouwantthemtobecountedintheelectionofdirectors.Yourbrokerisalsonot permitted to vote your shares in its discretion on matters related to executive compensation, including the advisory vote to approve executivecompensation. However, your broker may vote your shares in its discretion on routine matters such as the ratification of the Company’s independentregisteredpublicaccountingfirm.

Q:WHOMAYVOTE?

A: YoumayvoteattheannualmeetingifyouwereastockholderofrecordasofthecloseofbusinessonMay26,2020,whichisthe“RecordDate.”Eachoutstandingshareofcommonstockisentitledtoonevoteoneachmatterpresented.AsoftheRecordDate,Rexnordhad120,139,412sharesofcommonstockoutstanding.Anystockholderentitledtovotemayvoteeitherbyattendingthevirtualmeetingorbydulyauthorizedproxy.

Q: HOWDOIVOTE?

A:Youmayvoteinadvanceofthemeetingbyauthorizing–byinternet,telephoneormail–thepersonsnamedasproxiesontheproxycard,ToddA.Adams, Mark W. Peterson and Patricia M. Whaley, to vote your shares in accordance with your directions, or you may do so by attending the annualmeetingonlineandfollowingtheinstructionsprovided.Werecommendthat youvoteassoonaspossible, evenif youareplanningtoattendtheannualmeeting,sothatthevotecountwillnotbedelayed.

Weencourageyoutovoteinadvanceofthemeetingviatheinternet,asitisthemostcost-effectivemethodavailable.Ifyouchoosetovoteyoursharesinadvanceofthemeetingviatheinternetorbytelephone,thereisnoneedforyoutorequestormailbackaproxycard.• Byinternet:

A stockholder of record may go to www.voteproxy.com. Have the notice we sent to you in hand when you access thewebsitebecauseyouwillneedthecontrolnumberfromthenoticetovote.

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• Bytelephone:

Call 1-800-PROXIES (1-800-776-9437)in the United States or 1-718-921-8500from other countries on a touch-tonetelephone.Havethenoticewesentyouinhandwhenyoucallbecauseyouwillneedthecontrolnumberfromthenoticetovote.

• Bymail:

Pleaserequestwrittenmaterialsasprovidedonpage1oftheproxystatement.Complete,signanddatetheproxycard,andreturnittotheaddressindicatedontheproxycard.

Ifyoursharesarenotregisteredinyourname(forexample,heldthroughabrokerorbank),thenyouvotebygivinginstructionstothefirmthatholdsyoursharesratherthanusinganyofthemethodsdiscussedabove.Pleasecheckthevotingformfromthefirmthatholdsyoursharestoseeifitoffersinternetortelephonevotingprocedures.

Q: WHATDOESITMEANIFIRECEIVEMORETHANONEREQUESTTOVOTE?

A: It meansyourshares areheldinmorethanoneaccount. Youshouldvotethesharesonall of yourproxycards. Youmayhelpusreducecosts byconsolidating your accounts so that you receive only one set of proxy material in the future by contacting our transfer agent, AST, toll-free at1-800-937-5449.

Q:WHATIFIOWNSHARESASPARTOFREXNORD’S401(k)PLAN?

A:StockholderswhoownsharesaspartofRexnord’s401(k)Plan(the“401(k)Plan”)willreceiveaseparatemeansforvotingthesharesheldineachaccount.Sharesheldbythe401(k)Planforwhichparticipantdesignationsarereceivedwillbevotedinaccordancewiththosedesignations;thosesharesforwhichdesignationsarenotreceivedwillbevotedproportionallybasedonthesharesforwhichvotingdirectionshavebeenreceivedfromparticipantsinthe401(k)Plan.

Q:WHOWILLCOUNTTHEVOTE?

A: AST,ourtransferagent,willuseanautomatedsystemtotabulatethevotes.OfficersoremployeesoftheCompanywillserveastheinspector(s)ofelection.

Q: WHOMAYATTENDANDPARTICIPATEINTHEANNUALMEETING?

A:OnlystockholdersofrecordasofthecloseofbusinessonMay26,2020,ortheirproxyholdersortheunderlyingbeneficialowners,mayattendtheannualmeeting.

To attend and participate in the annual meeting online at https://web.lumiagm.com/210483502 (as previously noted, the password for the meeting isrex2020),pleasefollowtheseinstructions:

• Ifsharesareregisteredinyourname,youmayparticipateintheannualmeetingbyenteringthecontrolnumberfoundonyourNoticeofInternetAvailabilityofProxyMaterialsorproxycard;or

• Ifabroker,bankorothernomineeholdsyourshares,youmustfirstobtainalegalproxyissuedinyournamefromsuchbroker,bankorothernomineebeforeparticipatingintheannualmeeting.Afterobtainingavalidlegalproxy,youmuste-mailproofofyourlegalproxytoASTatproxy@astfinancial.com.Requestsshouldbelabeledas“LegalProxy”andmustbereceivednolaterthan5:00p.m.EasternTimeonJuly16,2020.Acontrolnumberwill beissuedbyASTafteryourregistrationmaterials havebeenreceivedandvalidated. Youmayparticipateintheannualmeetingbyenteringthatcontrolnumber.

Q: CANICHANGEMYVOTEAFTERIRETURNORSUBMITMYPROXY?

A: Yes. Even after you have submitted your proxy, you can revoke your proxy or change your vote at any time before the proxy is exercised bysubmittinganewproxy,orbyprovidingwrittennoticetotheCorporateSecretary,oractingsecretaryofthemeeting,andbyvotingonlineatthemeeting.Presenceattheannualmeetingofastockholderwhohasappointedaproxydoesnotinitselfrevokeaproxy.

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Ifabroker,bankorothernomineeholdsyoursharesandyouwishtochangeyourproxypriortothevotingthereof,pleasecontactthebroker,bankorothernomineetodeterminewhether,andifsohow,suchproxycanberevoked.

Q: MAYIVOTEATTHEANNUALMEETING?

A:Ifyouvotethroughtheinternetorbytelephone,orcompleteaproxycard,thenyoumaystillvoteattheannualmeeting.Tovoteonlineatthemeeting,pleasegivewrittennoticethatyouwouldliketorevokeyouroriginalproxytotheCorporateSecretaryoractingsecretaryofthemeeting.

Ifabroker,bankorothernomineeholdsyoursharesandyouwishtovoteattheannualmeeting,youmustobtainalegalproxyandfollowtheinstructionsdiscussedabove;otherwiseyouwillnotbepermittedtovoteattheannualmeeting.

Q: WHOISMAKINGTHISSOLICITATION?

A:ThissolicitationisbeingmadeonbehalfofRexnordbyitsboardofdirectors.Rexnordwillpaytheexpensesinconnectionwiththesolicitationofproxies. Upon request, Rexnord will reimburse brokers, dealers, banks and voting trustees, or their nominees, for reasonable expenses incurred inforwardingcopiesoftheproxymaterialandannualreporttothebeneficialownersofshareswhichsuchpersonsholdofrecord.RexnordwillsolicitproxiesbymailingaNoticeofInternetAvailabilityofProxyMaterialstoallstockholders.PapercopiesoftheproxymaterialwillbesentuponrequestasprovidedaboveaswellasintheNoticeofInternetAvailabilityofProxyMaterials.Proxiesmaybesolicitedinperson,orbytelephone,e-mailorfax,byofficersandregularemployeesofRexnordwhowillnotbeseparatelycompensatedforthoseservices.RexnordhasretainedMorrowSodali.toassistinthesolicitationofproxiesandtoprovideinformationalsupportandanalysisforupto$12,000plusexpenses.

Q:WHENARESTOCKHOLDERPROPOSALSANDSTOCKHOLDERNOMINATIONSDUEFORTHEANNUALMEETINGTOBEHELDIN2021?

A: We expect to hold our 2021 annual meeting of stockholders on May 4, 2021. Under Rule14a-8under the Securities Exchange Act of 1934 (the“SecuritiesExchangeAct”),theCorporateSecretarymustreceiveastockholderproposalnolaterthanNovember4,2020,inorderfortheproposaltobeconsideredforinclusioninourproxymaterialforthe2021annualmeeting.Tootherwisebringaproposalornominationbeforethe2021annualmeeting,youmustcomplywithourbylaws.Currently,ourbylawsrequirewrittennoticetotheCorporateSecretarybetweenDecember5,2020,andJanuary4,2021.Thepurposeofthisrequirementistoassureadequatenoticeof,andinformationregarding,anysuchmatterastowhichstockholderactionmaybesought.IfwereceiveyournoticebeforeDecember5,2020,orafterJanuary4,2021,thenyourproposalornominationwillbeuntimely.Inaddition,yourproposalornominationmustcomplywiththeproceduralprovisionsofourbylaws.Ifyoudonotcomplywiththeseproceduralprovisions,yourproposalornominationcanbeexcluded.Shouldtheboardneverthelesschoosetopresentyourproposal, thenamedproxieswill beabletovoteontheproposalusingtheir bestjudgment.

Q:WHATISTHEADDRESSOFTHECORPORATESECRETARY?

A: TheaddressoftheCorporateSecretaryis:

RexnordCorporationAttn:PatriciaM.Whaley511W.FreshwaterWayMilwaukee,Wisconsin53204

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Q:WILLTHEREBEOTHERMATTERSTOVOTEONATTHISANNUALMEETING?

A:Wearenotawareofanyothermattersthatyouwillbeaskedtovoteonattheannualmeeting.Othermattersmaybevotedoniftheyareproperlybroughtbeforetheannualmeetinginaccordancewithourbylaws.Ifothermattersareproperlybroughtbeforetheannualmeeting,thenthenamedproxieswillvotetheproxiestheyholdintheirdiscretiononsuchmatters.

For matters to be properly brought before the annual meeting, wemust havereceived written notice, together with specified information, byMarch 27,2020.Wedidnotreceivenoticeofanymattersbythedeadlineforthisyear’sannualmeeting.

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SECURITY OWNERSHIP OF CERTAIN BENEFICIALOWNERS AND MANAGEMENT

ThefollowingtableprovidescertaininformationregardingthebeneficialownershipofouroutstandingcommonstockasoftheRecordDatefor:

• eachpersonorgroupknowntoustobethebeneficialownerofmorethan5%ofourcommonstock;

• eachofourexecutiveofficersnamedintheSummaryCompensationTableherein;

• eachofourcurrentdirectorsandourdirectornominees;and

• allofourcurrentdirectorsandexecutiveofficersasagroup.

BeneficialownershipofsharesisdeterminedundertherulesoftheSecuritiesandExchangeCommission(“SEC”)andgenerallyincludesanysharesoverwhichapersonexercisessoleorsharedvotingorinvestmentpower.Exceptasindicatedbyfootnote,andsubjecttoapplicablecommunityormaritalpropertylaws, eachpersonidentifiedinthetable possessessole votingandinvestment powerwithrespect to all shares of commonstockheldbythem.Sharesofcommonstocksubjecttooptionscurrentlyexercisableorexercisablewithin60daysoftheRecordDate,orrestrictedstockunits(“RSUs”)thatvest within that time frame, are deemed outstanding for the purpose of calculating the percentage of outstanding shares of the person holding thesesecurities,butarenotdeemedoutstandingforthepurposeofcalculatingthepercentageofoutstandingsharesownedbyanyotherperson.

Name of Beneficial Owner Shares Beneficially

Owned (1)

Percentage ofShares

Outstanding JanusHendersonGroupplc (2) 15,865,183 13.2%TheVanguardGroup (3) 9,757,296 8.1%BlackRock,Inc. (4) 8,151,374 6.8%WellingtonManagementGroupLLP (5) 7,096,572 5.9%

ToddA.Adams (6) 2,374,467 1.9%MarkS.Bartlett 60,500 *ThomasD.Christopoul 65,235 *TheodoreD.Crandall 30,153 *PaulW.Jones 84,971 *DavidC.Longren 36,306 *GeorgeC.Moore 52,511 *MarkW.Peterson 298,179 *GeorgeJ.Powers 136,039 *RosemaryM.Schooler 9,867 *JohnS.Stroup 66,139 *PeggyN.Troy 9,867 *RobinA.Walker-Lee 27,036 *CraigG.Wehr 183,664 *KevinJ.Zaba 278,387 *Currentdirectorsandexecutiveofficersasagroup(19persons) 4,378,060 3.5%

* Indicateslessthanonepercent.

(1) Amountsincludesharessubjecttostockoptionsthatarecurrentlyexercisableorareexercisablewithin60daysoftheRecordDateasfollows:Mr. Adams (1,905,629), Mr. Bartlett (33,040), Mr. Christopoul (21,977), Mr. Jones (11,003), Mr. Moore (11,043), Mr. Peterson (247,830),Mr.Powers(114,665),Mr.Stroup(10,320),Mr.Wehr(174,386),Mr.Zaba(248,942),andallcurrentdirectorsandexecutiveofficersasagroup(3,322,440).

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Amounts fornon-employeedirectors also include shares subject to RSUs that are currently vested, but are subject to deferred settlement, asfollows:Mr.Bartlett(23,968),Mr.Christopoul(23,968),Mr.Crandall(23,968),Mr.Jones(23,968),Mr.Longren(23,968),Mr.Moore(23,968),Ms. Schooler (9,867), Mr. Stroup (23,968), Ms. Troy (9,867),Ms.Walker-Lee(23,968), andall current directors and executive officers as agroup(211,478).

(2) Janus Henderson Group plc (“Janus”) filed a Schedule 13G/A, dated February 13, 2020, reporting both shared voting power and shareddispositivepowerasto15,865,183sharesofcommonstockasofDecember31,2019.Janus,aparentholdingcompany,filedthereportonbehalfofJanusCapitalManagementLLC,IntechInvestmentManagementLLC,PerkinsInvestmentManagementLLC,GenevaCapitalManagementLLC,HendersonGlobalInvestorsLimited,andJanusHendersonInvestorsAustraliaInstitutionalFundsManagementLimited,eachofwhichisaregisteredinvestment adviser, as well onbehalf of JanusHendersonEnterprise Fund,aninvestment companyregisteredundertheInvestmentCompanyActof1940.TheaddressofJanusis151DetroitStreet,Denver,CO80206.

(3) The Vanguard Group (“Vanguard”) filed a Schedule 13G/A, dated February 10, 2020, reporting sole voting power as to 119,994 shares ofcommon stock, shared voting power as to 15,995 shares, sole dispositive power as to 9,636,895 shares and shared dispositive power as to120,401sharesasofDecember31,2019.Vanguard,aninvestmentadviser,filedthereportonbehalfofitselfanditswholly-ownedsubsidiaries,VanguardFiduciaryTrustCompanyandVanguardInvestmentsAustralia,Ltd.TheaddressofVanguardis100VanguardBoulevard,Malvern,PA19355.

(4) BlackRock,Inc.(“BlackRock”)filedaSchedule13G/A,datedFebruary5,2020,reportingsolevotingpowerasto7,821,703sharesofcommonstockandsoledispositivepowerasto8,151,374sharesasofDecember31,2019.BlackRockfiledthereportasaparentholdingcompanyonbehalfofitselfandthefollowingsubsidiaries:BlackRockLifeLimited,BlackRockAdvisors,LLC,BlackRock(Netherlands)B.V.,BlackRockInstitutional Trust Company, National Association, BlackRock Asset Management Ireland Limited, BlackRock Financial Management, Inc.,BlackRock Japan Co., Ltd., BlackRock Asset Management Schweiz AG, BlackRock Investment Management, LLC, BlackRock InvestmentManagement (UK) Limited, BlackRock Asset Management Canada Limited, BlackRock Investment Management (Australia) Limited andBlackRockFundAdvisors.TheaddressofBlackRockis55East52ndStreet,NewYork,NY10055.

(5) Wellington Management Group LLP (“Wellington”) filed a Schedule 13G, dated February 14, 2020, reporting shared voting power as to6,662,201sharesofcommonstockandshareddispositivepowerasto7,096,572sharesasofDecember31,2019.Wellington,aparentholdingcompany,filedthereportonbehalfofitselfandWellingtonGroupHoldingsLLPandWellingtonInvestmentAdvisorsHoldingsLLP,whicharealsoholdingcompanies,andWellingtonManagementCompanyLLP,aninvestmentadviser.TheaddressofWellingtonis280CongressStreet,Boston,MA02210.

(6) Includes1,200sharesheldinanindividualretirementaccount.Excludes33,745sharesheldintrustsforthebenefitofMr.Adams’childrenastowhichMr.Adamsdoesnothavevotingordispositivepowerandthereforedisclaimsbeneficialownership,andalsoexcludes101,112sharesheldinagrantorretainedannuitytrust(“GRAT”)forestateplanningpurposes.Mr.AdamsisnotthetrusteeoftheGRATand,therefore, doesnothavevotingordispositivepoweroversuchshares;asaresult,Mr.AdamsalsodisclaimsbeneficialownershipofthesharesintheGRAT.

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PROPOSAL 1: ELECTION OF DIRECTORS

Nominees for Election at this Meeting

Ourbylawsprovidethatthenumberofdirectorsshallbenotlessthaneightormorethan15,withthenumbertobesetbytheboardfromtimetotime.Theboardiscurrentlycomposedof11directors;however,thesizeofboardisbeingreducedto10directorsasoftheannualmeeting.Theboardsetsits size sothat theboardwill possess, in theaggregate, thestrategic, managerial andfinancial skills andexperience necessaryto fulfill its duties andtoachieveitsobjectivesaswellastomaintainasufficientnumberofindependentdirectors.

Ourboardofdirectorsisdividedintothreeclasses.Themembersofeachclassservestaggered,three-yearterms.Upontheexpirationofthetermofaclassofdirectors,directorsinthatclassareelectedforthree-yeartermsattheannualmeetingofstockholdersintheyearinwhichtheirtermexpires.Anyadditionaldirectorshipsresultingfromanincreaseinthenumberofdirectorsaredistributedamongthethreeclassessothat,asnearlyaspossible,eachclassconsistsofone-thirdof our directors. At each annual meeting, our stockholders elect the successors to one class of our directors. Theclass of directorsnominatedfor electionat this year’s annual meetingconsists of threemembers. Ourexecutiveofficers andkeyemployeesserveat thediscretionofourboardofdirectors.Directorsmayberemovedforcausebytheaffirmativevoteoftheholdersofamajorityofourcommonstock.

Directorsareelectedbyapluralityofvotescastinpersonorbyproxyatthemeetingandentitledtovoteontheelectionofdirectors.Ourbylawsprovidethatifanynomineedoesnotreceive,inanuncontestedelection,amajorityofthevotescastforhisorherelectionasadirector,suchindividualmustsubmit,promptlyfollowingsuchvote,anirrevocableresignationfromtheboardthatiscontingentuponacceptanceofsuchresignationbytheboard.

Thisyear’sboardnomineesforelectionfortermsexpiringattheannualmeetingtobeheldin2023areThomasD.Christopoul,JohnS.StroupandPeggyN.Troy.

It is our policy that the board of directors should reflect a broad diversity of backgrounds, experience, perspectives and talents. When theNominating and Corporate Governance Committee of the board determines which directors to nominate for election at any meeting of stockholders, orappointsanewdirectorbetweenmeetings,itreviewsourdirectorselectioncriteriaandseekstochooseindividualswhobringavarietyofexpertisetotheboardwithinthesecriteria.Forfurtherinformationaboutthecriteriausedtoevaluateboardmembership,see“SelectionCriteriaforDirectors”below.

Paul W. Jones, a director since 2014 and Rexnord’s Non-ExecutiveChair since 2015, is retiring from the board as of the annual meeting, aspreviouslyannounced.TheCompanyandtheboardofdirectorswouldliketothankMr.JonesforhisleadershipandcommitmenttoRexnord,aswellasforhismanyimportantcontributionsasamemberoftheboard.

ThefollowingisinformationabouttheexperienceandattributesofthedirectornomineesandRexnord’sotherdirectors.Together,theexperienceandattributesincludedbelowprovidethereasonsthattheseindividualswereselectedforboardmembershipand/ornominatedforelection,aswellaswhytheycontinuetoserveontheboard.

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Nominees for Election for Terms Expiring at the 2023 Annual Meeting

Thomas D. ChristopoulDirector since 2013

Mr.Christopoul,age55,hasservedasaco-founder,ManagingPartnerandExecutiveVicePresidentof54MadisonPartners,arealestateprivateequity investment firm, since 2015. He previously served as a Senior Partner and Head of Real Estate Investment, at Cain Hoy Enterprises, LLC, aninvestment firm launched by Guggenheim Partners, since 2014. Prior to that time, Mr. Christopoul was a Senior Managing Director in the Real EstateGroupat GuggenheimPartners. Previously, he wasa senior advisor at FalconheadCapital, LLC, a boutique private equity firmin NewYorkCity, andservedasexecutivechairmanoftwoofFalconhead’sportfoliocompanies—GPSiHoldings,LLCandRita’sWaterIceFranchiseCompany.Mr.Christopoulis also an active venture capital investor through Somerset Shore Associates, Inc., a private investment company. Mr. Christopoul served as a director,memberoftheaudit committeeandchairmanofthecompensationcommitteeoftheboardofdirectorsofApolloResidential Mortgage,Inc. until it wasacquiredin2016.PriortojoiningFalconhead,Mr.ChristopoulwasPresidentandChiefExecutiveOfficerofResourcesConnection,Inc.,amulti-nationalprofessionalservicesfirm;priorthereto,hewasanindependentmemberonResources’boardofdirectors.Mr.Christopoulservesasadirectorduetohissignificantandvariedbusinessexperience.

John S. StroupDirector since 2008

Mr.Stroup,age54,iscurrentlyChairman,PresidentandChiefExecutiveOfficerofBeldenInc.,acompanythatdesigns,manufactures,andmarketscable, connectivity, andnetworkingproducts inmarkets includingindustrial enterprise, broadcast andnetworksecurity. Prior tojoiningBeldenin2005,Mr.StroupwasemployedbyDanaherCorporation,amanufacturerofprocess/environmentalcontrolsandtoolsandcomponents.AtDanaher,Mr.Stroupinitially served as Vice President, Business Development. He was promoted to President of a division of Danaher’s Motion Group and later to GroupExecutiveoftheMotionGroup.Priortothat,hewasVicePresidentofMarketingandGeneralManagerwithScientificTechnologiesInc.Mr.Stroupservesasadirectorbecausehehassignificantexperienceinstrategicplanningandgeneralmanagementofbusinessunitsofpubliccompanies(includingaschiefexecutiveofficer).

Peggy N. TroyDirector since 2019

Ms.Troy,age68,hasservedasthePresidentandChiefExecutiveOfficerofChildren’sHospitalofWisconsin(“Children’sHospital”)since2009.PriortojoiningChildren’sHospital,Ms.TroyservedasExecutiveVicePresidentandChiefOperatingOfficerofMethodistLeBonheurHealthcareandasPresident and Chief Executive Officer of Le Bonheur Children’s Medical Center, both in Memphis, Tennessee, and as President of Cook Children’sMedical Center in Ft. Worth, Texas. Ms. Troy is the current chair of the Board of Directors of the Milwaukee Regional Medical Center Board. Shepreviously served on the National Board of Children’s Hospital Association and was also its Chairperson. Ms. Troy serves as a director due to herleadershipexperienceatlargeorganizations,includinghercurrentserviceasachiefexecutiveofficer,aswellasherexperiencemanaginghumancapital.

The board recommends that you vote “FOR” each of the nominees listed above.

Shares representedbyproxies will bevotedaccordingto instructions provided. Avote marked“withheld”will beconsideredas a vote withheldfromthe nominees; any votes attempted to be cast “against” a candidate are not given legal effect and are not counted as votes cast in the election ofdirectors. In the unlikely event that the boardlearns prior to the annual meetingthat a nomineeis unable or unwillingto act as a director, whichis notforeseen,theproxieswillbevotedwithdiscretionaryauthorityforasubstitutenomineedesignatedbytheboardofdirectors.

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Continuing Directors Not Standing for Election at this Meeting

Directors Continuing to Serve Until the 2021 Annual Meeting

Todd A. AdamsDirector since 2009

Inadditiontoservingasadirector,Mr.Adams,age49,isourPresidentandChiefExecutiveOfficer.Mr.Adamsjoinedusin2004andhasservedinvariousroles,includingChiefFinancialOfficerandPresidentoftheWaterManagementsegment;hebecameourPresidentandCEOin2009.Mr.AdamsisalsoadirectorandmemberoftheauditandcompliancecommitteeofBadgerMeter,Inc.HepreviouslyservedasadirectorofGeneracHoldingsInc.until2019. Mr. Adams serves on our board of directors because he has significant experience in the manufacturing industry and an in-depthknowledge ofRexnordandourbusinessaswellasbecauseheisourChiefExecutiveOfficer.

Theodore D. CrandallDirector since 2015

Mr.Crandall,age64,retiredasaSeniorVicePresidentofRockwellAutomation,aleadingglobalproviderofindustrialautomationpower,controlandinformationsolutions,in2018,afterhavingservedastheSeniorVicePresident,ControlProductsandSolutions,ofRockwellfrom2017until2018.HepreviouslyservedastheSeniorVicePresidentandChiefFinancialOfficerofRockwellfrom2007to2017.Priorthereto,Mr.Crandallservedinvariouscapacities at Rockwell and related companies, including previous service as Senior Vice President, Control Products and Solutions and as Senior VicePresident of its Component & Packaged Applications Group. Mr. Crandall previously served on the board of governors of the National ElectricalManufacturersAssociation.Mr.Crandallservesasadirectorduetohisextensivefinancialandaccountingexperience,includingasachieffinancialofficerofamultinationalpubliccompany.

Rosemary M. SchoolerDirector since 2019

Ms.Schooler,age52,hasservedasCorporateVicePresident,GlobalDataCenterSalesforIntelCorporation(“Intel”),adesignerandmanufacturerofcomputing,networking,datastorageandcommunicationssolutions,since2018.SincejoiningIntelin1989,Ms.Schoolerhasheldvariousleadershippositionswithincreasingresponsibility,includingservingasIntel’sCorporateVicePresident,GlobalInternetofThings(“IoT”)SalesandMarketingfrom2016 to 2018, Vice President of the IoT Strategy and Technology Office from 2015 to 2016, and as Vice President and General Manager of Intel’sCommunications and Storage Infrastructure Group prior thereto. Ms. Schooler also serves as a director and member of the nominating and governancecommitteeofCloudera,Inc.Ms.Schoolerservesasadirectorduetoherextensiveinformationtechnologyexperience,includingserviceasaseniorofficerataprominenttechnologycompany.

Robin A. Walker-LeeDirector since 2015

Ms.Walker-Lee,age66,istheretiredExecutiveVicePresident,GeneralCounselandSecretaryofTRWAutomotiveHoldingsCorp.,aleaderinautomotivesafetysystems.Ms.Walker-LeewaswithTRWAutomotivefrom2010until her retirement in 2015. Prior to joiningTRWAutomotive, sheservedas Assistant General Counsel of Operationsfor General Motors Company(together withits predecessor General Motors Corporation, “GM”), anautomobilemanufacturer,andasGeneralCounselandVicePresidentofPublicPolicyforGM—LatinAmerica,AfricaandMiddleEast;shealsoservedonspecialassignmenttotheGeneralCounselofGMduringitsbankruptcyrestructuring.ShealsoservesasadirectorandmemberofthecompensationandpersonnelcommitteeofEMCORGroup,Inc.Ms.Walker-Leeservesasadirectorbecauseofhersignificantglobalbusinessandlegalexperience,includingasgeneralcounselofapubliccompany.

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Directors Continuing to Serve Until the 2022 Annual Meeting

Mark S. BartlettDirector since 2012

Mr.Bartlett, age69,isaretiredErnst&YoungLLP(“E&Y”)partner.Mr.BartlettjoinedE&Yin1972andworkedthereuntilhisretirementin2012, including having served as Managing Partner of E&Y’s Baltimore office and as Senior Client Service Partner for the Mid-AtlanticRegion.Mr.Bartlettisacertifiedpublicaccountantandhasextensiveexperienceservingglobalmanufacturers,aswellascompaniesinotherindustries.Mr.Bartlettalsohasexperienceinmergersandacquisitions,SECrulesandregulations,publicofferingsandfinancingalternatives. Mr.Bartlett currentlyservesasadirector,chairmanoftheauditcommitteeandmemberoftheexecutivecompensationandmanagementdevelopmentcommitteeofT.RowePriceGroup,Inc.,asadirector,chairmanoftheauditcommitteeandmemberofthenominatingandcorporategovernancecommitteeofWillScotCorporationandasadirectorandmemberoftheauditcommitteeofFTIConsulting,Inc.Mr.Bartlettservesasadirectorduetohissignificantaccountingexperience,aswellashisexpertiseinthemanufacturingindustry,andinmergersandacquisitionsandsecuritiesregulation.TheboardhasconsideredMr.Bartlett’scommitmentstoserveontheotherauditcommitteesandhasaffirmativelydeterminedthatsuchsimultaneousservicedoesnotimpairhisabilitytoeffectivelyserveonRexnord’sAuditCommittee.

David C. LongrenDirector since 2016

Mr. Longren, age 61, is a retired Senior Vice President of Polaris Industries, Inc., a designer, engineer and manufacturer of off-roadvehicles,snowmobiles, motorcycles andsmall vehicles, a position he held from2015until 2016. Mr. Longrenservedin various capacities at Polaris since 2003,including President, Off-RoadVehicles, Vice President, Chief Technical Officer, and Director of Engineering for the ATV Division. Prior to joiningPolaris,Mr.LongrenwasaVicePresidentintheWeaponsSystemsDivisionofAlliantTechsystemsandSeniorVicePresident,EngineeringandMarketingatBlountSportingEquipmentGroup.Mr.Longrenservesasadirectorduetohisextensiveproductdevelopmentandinnovationexperience.

George C. MooreDirector since 2015

Mr. Moore, age 65, has served as a director of: Encapsys, LLC, a provider of custom microencapsulation services for use in the building andconstruction, paper, bedding, and personal and household care industries, since 2015; IPSCorporation, a provider of solvent cements and adhesives forresidential, commercial and industrial use, as well as plumbing and roofing products, since 2017; Cypress Performance Group LLC, the parent holdingcompany of Encapsys, LLC and IPS Corporation, since 2017; and Culligan International Company, a provider of residential, office, commercial andindustrialwatertreatmentproductsandservices,since2018.Mr.MooreservedasadirectorofIndustrialContainerServices,LLC,aproviderofreusablecontainersolutions,from2017until2018;Wastequip,Inc.,aleadingmanufacturerofwastehandlingandrecyclingequipmentinNorthAmerica,from2012until 2018; andPro Mach, Inc., a provider of integrated packaging andprocessing products andsolutions, from2015until 2018. Mr. Moore previouslyservedinvariouscapacitieswithRexnordfrom2006to2012.Mr.MoorepreviouslyservedastheExecutiveVicePresidentandChiefFinancialOfficerofMaytagCorporation,amanufacturerofmajorappliancesandhouseholdproducts,andasgroupchieffinancialofficerandgroupvicepresidentoffinanceatDanaherCorporation,amanufacturerofprocess/environmentalcontrolsandtoolsandcomponents.Mr.MoorebeganhiscareeratArthurAndersen&Co.,aformeraccountingfirm.Mr.Mooreservesasadirectorduetohisextensivefinancialandaccountingexperience,includingaschieffinancialofficer,atmultinationalcompanies.

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Selection Criteria for Directors

The Company believes it is important for its board to be comprised of individuals with diverse backgrounds, skills and experiences. All boardmembersaregenerallyexpectedtomeetRexnord’sboardmemberselectioncriteria,whicharelistedbelow:

• Personalandprofessionalintegrity,ethicsandvalues.

• Experienceincorporateorfinancialmanagement,suchasservingasanofficerorformerofficerofapubliclyheldcompany.

• ExperienceintheCompany’sindustryandwithrelevantsocialpolicyconcerns.

• Experienceasaboardmemberofanotherpubliclyheldcompany.

• AcademicexpertiseinanareaoftheCompany’soperationsorfinancialorotherareasrelevanttotheCompany.

• Practicalandmaturebusinessjudgment.

• Suchothercriteriaastheboardorthenominatingandcorporategovernancecommitteemayfromtimetotimedetermine.

Inadditiontotheboardmemberselectioncriteriaidentifiedabove,theboardandtheNominatingandCorporateGovernanceCommitteereviewtheboard’s composition annually to ensure the right mix of skills, experience and background needed for the foreseeable future and will change themembershipmixoftheboardasrequiredtomeetsuchneeds.Importantskillsandexperiencescurrentlyidentifiedareasfollows:

• Significantchiefexecutiveofficerand/orchiefoperatingofficerexperienceinapubliclytradedcompany,oramajordivisionofapubliclytradedcompany.

• Internationalexperience,withanunderstandingofconductingbusinessonaglobalbasis.

• Financial andaccountingskills andexperienceinapublic accountingfirmorapubliccompany, preferablywithcontroller and/or chieffinancialofficerexperience,inordertofulfilltheSECrequirementsofanauditcommittee“financialexpert.”

• Relevantmanufacturingmanagementbackgroundfromawell-respectedmanufacturing-basedcompany.

• Considerable human resources management experience involving the design of both short- and long-term compensation programs, anunderstandingofbenefitplansandexperiencemanagingsuccessionplanningandleadershipdevelopmentforasuccessfulcompany.

• ExperienceinoneormoreoftheindustriesthatareservedbytheCompany.

TheCompany’sCorporateGovernanceGuidelinesprovidethat,ifadirectorexperiencesasignificantchangeinemploymentstatusfromthestatuswhen that director was most recently elected to the board, the director must informthe chairperson of the change and offer a letter of resignation. TheNominatingandCorporateGovernanceCommitteewillevaluatethedirector’schangeinstatusandtheboardwillthendecidewhethertoacceptordeclinethedirector’sresignation.TheCorporateGovernanceGuidelinesalsoprovidethat,asageneralpolicy,executiveofficersoftheCompanywhoaredirectorswill resign fromthe board uponthe termination of their employment with the Company. In addition, the Company’s Corporate Governance Guidelinesprovidethattheboardgenerallywillnotnominateindividualsforelectionorre-electionasdirectorsaftertheyhaveattainedage72,althoughadirectorwhoreachesage72duringatermmaycontinuetoservefortheremainderofthedirector’sterm.Further,theCorporateGovernanceGuidelinesrequiredirectorstoadvisethechairpersonoftheboardandthechairpersonoftheNominatingandCorporateGovernanceCommitteeinadvanceofacceptinganinvitationtoserveonanotherboard.Anon-executivedirectoroftheboardmayserveasadirectorofanotherpubliccompanyonlytotheextentsuchpositiondoesnotconflictorinterferewithsuch

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person’sserviceasadirectoroftheCompany;anexecutivedirectormaynotserveasadirectorofanotherpubliccompanywithouttheboard’sconsent.

TheCompany’s Corporate GovernanceGuidelines andNominatingandCorporate GovernanceCommittee Charter state that theNominatingandCorporateGovernanceCommitteewillidentifycandidateswithoutregardtoanycandidate’srace,color,disability,gender,nationalorigin,religionorcreed.TheboardbelievesthattheuseoftheNominatingandCorporateGovernanceCommittee’sgeneralcriteria,alongwithnon-discriminatorypolicies,willbestpromoteaboardthatshowsdiversityinmanyrespects.

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CORPORATE GOVERNANCE

Board of Directors Meetings

Directors are expected to attend each regular and special meeting of the board of directors and each board committee of which the director is amember.Theboardofdirectorsheldeightmeetingsduringfiscal2020.Allofthedirectorswhoservedduringfiscal2020attendedatleast75%ofthetotalmeetingsoftheboardandthecommitteesoftheboardonwhichtheyservedduringthefiscalyear(foranydirectorwhoservedforlessthanthefullfiscalyear,thisreferstothemeetingsheldwhilesuchindividualservedasadirector).Theboardholdsregularmeetingsatleastfourtimesperyear,includingameeting in connection with the annual stockholders meeting. It is the Company’s policy that the board will hold an executive session at each regularlyscheduled meeting without members of the Company’s management present; Mr. Jones presides at those executive sessions. Upon the request of anyindependentdirector (andinanyevent, notlessthanannually), theboardwill holdanexecutivesessionwithoutanydirector whoisnotanindependentdirector. Directors are expected to attend the annual meeting of stockholders. All of the directors serving at the time attended the annual meeting ofstockholdersheldinfiscal2020.

Board Evaluation Process

Theboardhasanannualevaluationandassessmentprocessfortheboardandindividualdirectors,andeachofthecommitteesconductsitsownself-assessment.TheNominatingandCorporateGovernanceCommitteeoverseestheboardevaluationprocess.Theboardevaluationprocessincludesareviewof the performance of the board as a whole and the board’s committees, as well as an evaluation of each director. The evaluation process provides anopportunityforanonymouspeerreviewandfeedback,whichisintendedtostrengthentheboard.IftheNominatingandCorporateGovernanceCommittee,inconjunctionwiththeChairperson,findsthatanydirectorisnotfulfillingtheresponsibilitiesofadirector,suchdirectorwillbeaskedtoresignfrom,ornotstandforre-electionto,theboard.

Director Independence

At least a majority of the board of directors must qualify as independent within the meaning of the listing standards of the New York StockExchange(the“NYSE”).Whenmakingitsdeterminationsregardingwhichdirectorsareindependent,theboardofdirectorsconsiderstheNYSErulesandalsoreviewsothertransactionsandrelationships,ifany,involvingtheCompanyanditsdirectorsortheirfamilymembersorrelatedparties.See“CertainRelationshipsandRelatedPartyTransactions”forinformationaboutRexnord’spoliciesandpracticesregardingtransactionswithmembersoftheboard.

TheboardofdirectorshasaffirmativelydeterminedthateachofMs.Schooler,Ms.Walker-LeeandMessrs.Bartlett,Crandall,Christopoul,Jones,Longren,MooreandStroupisindependent.JohnM.Stropki,whoservedasadirectoruntilhisunexpectedpassinginMay2019,wasalsodeterminedtobean independent director. In accordance with NYSErules, Ms. Troy is not currently considered an independent director because Mr. Adamsserved as amember of the compensation committee of her employer, a non-profitorganization, until May 2019. Mr. Adams, our President and CEO, is also notconsideredanindependentdirector.

Board Leadership Structure

Mr. Jones, an independent director, currently serves as ourNon-ExecutiveChair. As previously announced, Mr. Jones will be retiring fromtheboardas of theannual meetingandMr. Adams, our current President andChief Executive Officer, has beenelectedas Chair, effective after theannualmeetingonJuly23,2020.TheCompanybelievesthathavingMr.JonesserveasChairinrecentyearshasbeenanappropriateleadershipstructurefortheboardprimarilybecauseofhisextensiveleadershipandmanagementexperience(includingaschiefexecutiveofficerandchair)atmultinationalcompanies,his experience as a strategist focused on enterprise growth, his current and past directorships at publicly traded companies and his insights as to bestpracticesfromthoseexperiences.

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Inconnectionwithitssuccessionplanningefforts,theboardevaluateditsleadershipstructureanddeterminedthatMr.Adamswouldbeappointedas Chair primarily due to his in-depthknowledge of the Company and the industries it serves, deep understanding of the Company’s operations andstrategies and proven leadership of Rexnord, which position him to be able to provide strong and effective leadership of the board going forward. Inaddition,theboardbelievesthatMr.AdamswillbeinthebestpositionasChairandCEOtoleadboarddiscussionsregardingtheCompany’sbusinessandstrategy,andtohelptheboardrespondquicklyandeffectivelytoanychallengesfacedbytheCompany.

The Company has no formal policy requiring the separation or combination of the position of Chairperson and CEO; however, it believes, asdiscussedabove,thatintheCompany’scurrentcircumstancesitisadvantageoustocombinethepositions,effectiveaftertheannualmeeting.Fromtimetotime, the board reviews and considers the optimal board leadership structure. Pursuant to the Company’s Corporate Governance Guidelines, if theChairperson is also the CEO, the independent directors, meeting in executive session, will elect a lead director from among the independent directors.Therefore,inconnectionwiththeboardleadershipchangesdiscussedabove,onMay5,2020,theindependentdirectorselectedMr.Bartlettasleaddirector,also effective after the annual meeting on July 23, 2020. The Company believes that the designation of an independent lead director, whose duties aredescribedbelow,providesessentiallythesamebenefitsashavinganindependentchairpersonintermsofoversight,accessandanindependentvoicewithsignificantinputintocorporategovernance.

The duties of the board’s lead director include: (i) presiding at all meetings of the board at which the Chair is not present, including executivesessionsoftheindependentdirectors; (ii) servingasliaisonbetweentheChairandtheindependentdirectors; (iii) togetherwiththeChair, approvingtheagendasforboardmeetings; (iv)togetherwiththeChair, approvingmeetingschedulestoassurethat thereissufficient timefordiscussionofall agendaitems; (v) providing input to the Chair as to the content, quality, quantity and timeliness of information from Company management to the board;(vi) havingtheauthoritytocall meetingsoftheindependent directorsanddeveloptheagendasforsuchmeetingswithinputfromtheotherindependentdirectors;(vii)servingasaliaisonforconsultationanddirectcommunicationwithmajorshareholders;and(viii)performingsuchotherdutiesastheboardorChairmayfromtimetotimedelegate.

Board’s Role in Risk Oversight

It is management’s responsibility to manage the Company’s enterprise risks on a day-to-daybasis. Through regular updates and the strategicplanningprocess,theboardofdirectorsoverseesmanagement’seffortstoensurethattheyeffectivelyidentify,prioritize,manageandmonitorallmaterialbusiness risks to Rexnord’s strategy. In addition, the board delegates certain risk management oversight responsibilities to its committees. The AuditCommitteereviewsanddiscussestheCompany’smaterialfinancialandotherriskexposuresandthestepsmanagementhastakentoidentify,monitorandcontrol suchrisks. TheCompensationCommittee is responsible for overseeingtheCompany’s compensationprograms, includingrelatedrisks. Seealso“CompensationandRisk”below.

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Board Committees

The board of directors has four standing committees: the Audit Committee, the Compensation Committee, the Nominating and CorporateGovernanceCommitteeandtheExecutiveCommittee.Thecommitteesonwhichdirectorscurrentlyserveareidentifiedinthetablebelow.

Director Audit Compensation

Nominatingand Corporate

Governance ExecutiveToddA.Adams XMarkS.Bartlett Chair ThomasD.Christopoul Chair TheodoreD.Crandall X PaulW.Jones X ChairDavidC.Longren X GeorgeC.Moore X RosemaryM.Schooler X JohnS.Stroup Chair XPeggyN.Troy RobinA.Walker-Lee X X

Aspreviouslydiscussed,Mr.Jonesisretiringfromtheboardasoftheannualmeeting.Mr.CrandallhasbeenappointedasthechairoftheAuditCommitteeeffectiveaftertheannualmeeting.Mr.BartlettwillcontinueasamemberoftheAuditCommittee.

Audit Committee

TheAuditCommitteeheldfourmeetingsduringfiscal2020.TheAuditCommitteeiscomposedentirelyofnon-employeedirectorswhomeettheindependence and accounting or financial management expertise standards and requirements of the SECand the NYSElisting standards. Our board ofdirectors has determinedthat eachof Messrs. Bartlett, Crandall andMoorequalifies as an“audit committee financial expert” as suchtermis definedinItem407(d)(5)ofRegulationS-K.

TheprincipaldutiesandresponsibilitiesofourAuditCommitteeareasfollows:

• topreparetheannualAuditCommitteereporttobeincludedinourannualproxystatement;

• tooverseeandmonitorourfinancialreportingprocess;

• tooverseeandmonitortheintegrityofourfinancialstatementsandinternalcontrolsystem;

• tooverseeandmonitortheindependence,retention,performanceandcompensationofourindependentauditor;

• tooverseeandmonitortheperformance,appointmentandretentionofourseniorinternalauditstaffperson;

• todiscuss,overseeandmonitorpolicieswithrespecttoriskassessmentandriskmanagement;

• tooverseeandmonitorourcompliancewithlegalandregulatorymatters;

• toevaluateitsownperformanceonanannualbasis;and

• toprovideregularreportstotheboard.

TheAuditCommitteealsohastheauthoritytoretaincounselandadvisorstofulfillitsresponsibilitiesanddutiesandtoformanddelegateauthoritytosubcommittees.

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Compensation Committee

TheCompensationCommitteeheldfivemeetingsduringfiscal2020.TheCompensationCommitteeiscomposedentirelyofdirectorswhomeettheindependencerequirementsoftheSECandtheNYSElistingstandards.

TheprincipaldutiesandresponsibilitiesoftheCompensationCommitteeareasfollows:

• toreview,evaluateandmakerecommendationstothefullboardofdirectorsregardingourcompensationpoliciesandprograms,includingtheabilitytoretainconsultantstoadvisetheCommitteeonsuchmatters;

• toreviewandapprovethecompensationofourchiefexecutiveofficer,otherofficersandkeyemployees,includingallmaterialbenefits,

option or stock award grants and perquisites andall material employment agreements, includingemployment-related letter agreements,confidentialityandnon-competitionagreements;

• toreviewandrecommendtotheboardofdirectorsasuccessionplanforthechiefexecutiveofficeranddevelopmentplansforotherkeycorporatepositionsasshallbedeemednecessaryfromtimetotime;

• to review and make recommendations to the board of directors with respect to our incentive compensation plans and equity-basedcompensationplans;

• toadministerincentivecompensationandequity-relatedplans;

• toreviewandmakerecommendationstotheboardofdirectorswithrespecttothefinancialandotherperformancetargetsthatmustbemet;

• tosetandreviewthecompensationofmembersoftheboardofdirectors;


• toprepareanannualcompensationcommitteereportandtakesuchotheractionsasarenecessaryandconsistentwiththegoverninglawandourorganizationaldocuments.

The Compensation Committee reviews, discusses and considers the results of advisory “say-on-pay”votes of our stockholders when makingdecisionsregardingtheCompany’sexecutivecompensationprograms. TheCompensationCommitteeis alsoresponsibleforrecommendingtotheboardhowoften say-on-payvotes may be held. The Company currently holds say-on-payvotes annually, which is consistent with the results of the advisory“say-on-frequency”voteofourstockholdersthatwasheldatthefiscal2019annualmeeting.TheCompanyandtheCompensationCommitteebelievethatannualsay-on-payvotesallowustoreceivemorefrequentfeedbackfromourstockholdersonourcompensationprograms.

TheCompensationCommitteealsohastheauthoritytoretaincompensationconsultants,legalcounselandotheradvisorstofulfillitsresponsibilitiesanddutiesandtoformanddelegateauthoritytosubcommittees,whichitdoesfromtimetotime.

Nominating and Corporate Governance Committee

The Nominating and Corporate Governance Committee held five meetings during fiscal 2020. The Nominating and Corporate GovernanceCommitteeiscomposedentirelyofdirectorswhomeettheindependencerequirementsoftheNYSElistingstandards.

TheprincipaldutiesandresponsibilitiesoftheNominatingandCorporateGovernanceCommitteeareasfollows:

• toidentifycandidatesqualifiedtobecomedirectorsoftheCompany,consistentwithcriteriaapprovedbyourboardofdirectors;

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• torecommendtoourboardofdirectorsnomineesforelectionasdirectorsatthenextannualmeetingofstockholdersoraspecialmeeting

ofstockholdersatwhichdirectorsaretobeelected,aswellastorecommenddirectorstoserveontheothercommitteesoftheboardandtoserveasleaddirector,whenappropriate;

• torecommendtoourboardofdirectorscandidatestofillvacanciesandnewlycreateddirectorshipsontheboardofdirectors;

• toreview,inaccordancewiththeCompany’sbylaws,anyresignationbyadirectorduetoafailuretoreceiveamajorityvoteatameetingoftheCompany’sstockholdersandmakearecommendationtotheboardwhethertoacceptsuchresignation;

• to identify best practices and recommend corporate governance principles, including giving proper attention and making effectiveresponsestostockholderconcernsregardingcorporategovernance;

• todevelopandrecommendtoourboardofdirectorsguidelinessettingforthcorporategovernanceprinciplesapplicabletotheCompany,andamendmentstothoseprinciples;


• tooverseetheevaluationofourboardofdirectorsandseniormanagement.

TheNominatingandCorporateGovernanceCommitteealsohastheauthoritytoretaincounselandadvisorstofulfillitsresponsibilitiesanddutiesandtoformanddelegateauthoritytosubcommittees.

The Nomination Process

Atanappropriatetimepriortoeachannualmeetingofstockholdersatwhichdirectorsaretobeelected,theNominatingandCorporateGovernanceCommitteerecommendstotheboardfornominationbytheboardsuchcandidatesasthatCommittee,intheexerciseofitsjudgment,hasfoundtobewellqualifiedandwillingandavailabletoserve.Inaddition,theNominatingandCorporateGovernanceCommitteerecommendscandidatestojointheboardatothertimesduringtheyear,asneeded.

TheNominatingandCorporate GovernanceCommittee will identify andconsider candidates suggestedbyoutside directors, management and/orstockholdersandevaluatetheminaccordancewithitsestablishedcriteria.AnyrecommendationsforconsiderationbythatCommitteeshouldbesenttotheCorporateSecretaryinwriting,togetherwithappropriatebiographicalinformationconcerningeachproposednominee,atleast120daysbutnotmorethan150dayspriortothefirstanniversaryofthedateoftheprecedingyear’sannualmeeting.Ourbylawsalsosetforthcertainrequirementsforstockholderswishingtonominatedirectorcandidatesdirectlyforconsiderationbystockholders.Formoreinformation,see“CommonlyAskedQuestionsandAnswersabouttheAnnualMeeting—Whenarestockholderproposalsandstockholdernominationsdueforthefiscal2022annualmeeting?”above.

Executive Committee

TheExecutiveCommitteedidnotmeetoractbywrittenconsentduringfiscal2020.ItistheintentoftheboardthattheExecutiveCommitteeonlytakes action on behalf of the board when convening the full board would be impractical, or when reasonably necessary to expedite the interests of theCompanybetweenregularlyscheduledboardmeetings.

Communications with the Board

Any communications to the board of directors should be sent to the attention of Rexnord’s Corporate Secretary, 511 W. Freshwater Way,Milwaukee,Wisconsin53204.AnycommunicationsenttotheboardincareoftheCorporateSecretaryoranyothercorporateofficerisforwardedtotheboard. There is no screening process, and any communication will be delivered directly to the director or directors to whomit is addressed. Any otherprocedureswhichmaybedeveloped,andanychangesinthoseprocedures,willbepostedaspartofourCorporateGovernanceGuidelinesonRexnord’sInvestorRelationswebsiteatinvestors.rexnordcorporation.com.

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Availability of Code of Business Conduct and Ethics, Committee Charters and Other Corporate Governance Documents

Wehave a Code of Business Conduct and Ethics that applies to all of our officers, directors and employees, including our principal executiveofficer, principal financial officer and principal accounting officer, or persons performing similar functions. These standards are designed to deterwrongdoing and to promote honest and ethical conduct. The Code of Business Conduct and Ethics is posted on our Investor Relations website atinvestors.rexnordcorporation.com.Anysubstantiveamendmentto,orwaiverfrom,anyprovisionoftheCodeofBusinessConductandEthicswithrespecttoanyseniorexecutiveorfinancialofficerwillalsobepostedonourwebsite.TheinformationcontainedonoraccessiblefromourwebsiteisnotpartofthisProxyStatement.

In addition, the board has adopted Corporate Governance Guidelines and a written charter for each of the Audit Committee, CompensationCommittee, Nominating and Corporate Governance Committee and Executive Committee. The Corporate Governance Guidelines and the charters areavailableontheCompany’sInvestorRelationswebsiteatinvestors.rexnordcorporation.com.

Corporate Social Responsibility and Sustainability

AtRexnord,wearecommittedtoactingasaresponsiblecorporatecitizeninallaspectsofourbusinessandtomanagingourbusinessinamannerthat promotes the sustainability of the enterprise and the world in which we work and live. We have a long and successful history of investing in ouremployeesandthecommunitiesinwhichweoperate,promotingenvironmentalstewardship,andoperatingwithintegrityineverythingwedo.Wedothisinfourstrategicways:promotingenvironmentalstewardshipforourcustomersandtheplanet;managingthehealthandsafetyofourassociates;investinginourpeopleandcreatinganinclusiveworkenvironment;andsupportingthecommunitieswhereweliveandwork.Westrivetomanufactureproductsanduseprocessesthatreducenegativeenvironmentalimpacts,conserveenergyandnaturalresources,aresafeforemployees,communities,andconsumersandreturnvaluetoourshareholders.

Sustainabilityandsafetyhavelongbeenatthecoreofourmanagementsystems,andweoperatewithacommitmenttocontinuousimprovementinallareasofourbusinessthroughourRexnordBusinessSystem(RBS).Weseektomaximizeresourceefficiencythroughenergyandwaterconservation,and to steadily reduce our greenhouse gas emissions. We have supplemented these efforts with renewable energy investments, and our corporateheadquartersisinaLEEDGold-certifiedbuildingthatwasconstructedforouruse.Wearecommittedtopromotingthehealthandsafetyforouremployeesandcustomers.

Wealsohelpourcustomersachievetheirsustainabilitygoals.Forexample,ourWaterManagementplatformassistscompanieswithmanagingthesafety and quality of the water they use and the conservation of water resources in and around their facilities. Our Zurn business pledged to donate$1millioninhygienicproductstohealthcarefacilitiesfacedwithaddressingCOVID-19.Thedonatedproductsallowhealthcarefacilitiestoupgradetoatouchlessenvironment.OurProcessandMotionControlplatformhelpscompaniesbemoreefficientintheirprocessesand,inturn,potentiallyreducetheirenergyandwaterusageaswellasimpactontheenvironment.Inbothplatforms,ourproducts,solutionsandservicesaredesignedtomaximizeresourceefficiency,enableregulatoryandenvironmentalcompliance,andpromotethesafetyofpersonnel,equipmentandprocesses.

We have a long history of supporting the communities where we live and work. Our focus includes supporting STEM (science, technology,engineering and math) programs, initiatives that promote diversity and associate development, and programs that provide support and resources toeconomicallydisadvantagedmembersofthecommunitieswhereourassociatesandcustomersliveandwork.

WeadheretoaCodeofConductthatappliestoallemployeesanddirectorsandrequire100percentcompletiononourannualCodetraining.OurCodeis basedonprinciples andlawsthat guidethedecisionsandactionsof ouremployees. Wearecommittedtodevelopingaculture of diversity andinclusionwhereourassociatesareengagedandcanandwanttodotheirbestwork.

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In2020,weformalizedthemanagementofEnvironmental,SocialandGovernance(“ESG”)bycreatinganinternalESGSteeringCommitteeandestablishingoversightbytheBoardofDirectors.TheESGSteeringCommitteeisacross-functional,management-levelteamtaskedwithimplementinganddisclosing the Company’s ongoing commitment to environmental, health and safety, corporate social responsibility, corporate governance, sustainabilityandotherpublicpolicymattersrelevanttoRexnord.TheCommitteewill alsoassist ourSeniorLeadershipTeaminthefollowing:settingESGstrategy;developing,implementingandmonitoringinitiativesandpoliciesbasedonthatstrategy;monitoringandassessingdevelopmentsrelatingtoESGmattersandbroadeningRexnord’sunderstandingofthem;anddisclosingESGmatterstoexternalstakeholders.

Directors’ Compensation

Thetablebelowsummarizesthecompensationwepaidtopersonswhowerenon-employeedirectorsoftheCompanyduringthefiscalyearendedMarch31,2020.

Name

Fees Earnedor

Paid in Cash (1)

($)

Stock Awards (2)

($)

Option Awards (3)

($)

All Other Compensation

($) Total ($) MarkS.Bartlett $ 105,000 $ 130,020 $ — — $ 235,020ThomasD.Christopoul 102,500 130,020 — — 232,520TheodoreD.Crandall 90,000 130,020 — — 220,020PaulW.Jones 180,000 130,020 — — 310,020DavidC.Longren 90,000 130,020 — — 220,020GeorgeC.Moore 90,000 130,020 — — 220,020RosemaryM.Schooler 67,500 129,989 — — 197,489JohnM.Stropki(4) 62,500 — — $ 130,000 192,500JohnS.Stroup 100,000 130,020 — — 230,020PeggyN.Troy 67,500 129,989 — — 197,489RobinA.Walker-Lee 90,000 130,020 — — 220,020(1) DirectorsmayelecttohavecashcompensationforboardservicepaidinRexnordcommonstock.(2) Duringfiscal 2020, eachnon-employeedirector (other than Mr. Stropki) received a grant of RSUsunder the Rexnord Corporation Performance

IncentivePlan(the“PerformanceIncentivePlan”)inaccordancewiththeCompany’sstandardcompensationpackagefornon-employeedirectors.The grants to Ms. Walker-Leeand Messrs. Bartlett, Christopoul, Crandall, Jones, Longren, Moore and Stroup occurred on May 13, 2019.Ms.SchoolerandMs.TroyjoinedtheboardonMay20,2019,andwereeachgrantedRSUsonthatdate.

TheRSUsvestedimmediatelyongrant,butwillnotbepaidoutuntilsixmonthsafterthedirectorleavestheboard.Theamountsreportedreflectthegrant date fair value of the RSUs computed in accordance with the Financial Accounting Standards Board’s Accounting Standards CodificationTopic718(“ASC718”),whichrequirestheCompanytorecognizecompensationexpenseforstock-relatedawardsgrantedtoourdirectorsbasedontheestimatedfairvalueoftheequityinstrumentatthetimeofgrant.Foradiscussionoftheassumptionsandmethodologiesusedtocalculatetheamountsreportedinthiscolumn,pleaseseeNote15—Stock-BasedCompensationtoourauditedconsolidatedfinancialstatementsincludedinourAnnualReportonForm10-Kforfiscal2020.

(3) Stockoptionswerenotgrantedtodirectorsinfiscal2020,butweregrantedinpreviousfiscalyears.(4) SinceMr.StropkiwaseligiblefortheannualgrantofRSUspriortohisunexpectedpassinginMay2019,theCompanyoptedtoprovidehisestate

withthevalueofthegrantincashinappreciationofhisvaluablecontributionsontheboardthroughtheyears;thisamountisincludedintheAllOtherCompensation”columnabove.

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Thefollowingtablepresentstheaggregatenumberofoutstandingstockawardsandunexercisedoptions(includinganystockawardsthataresubjecttodeferredsettlement)heldasofMarch31,2020,byeachofthepersonswhoservedasnon-employeedirectorsinfiscal2020.Director

Stock Awards Outstanding (#)

Options Outstanding (#)

MarkS.Bartlett 18,873 33,040ThomasD.Christopoul 18,873 21,977TheodoreD.Crandall 18,873 —PaulW.Jones 18,873 11,003DavidC.Longren 18,873 —GeorgeC.Moore 18,873 11,043RosemaryM.Schooler 4,772 —JohnM.Stropki — —JohnS.Stroup 18,873 10,320PeggyN.Troy 4,772 —RobinA.Walker-Lee 18,873 —

Narrative to Directors’ Compensation Table

In fiscal 2020, wepaid certain fees andgranted equity-based awards to ournon-employeedirectors, as described below. Directors whoare alsoemployees of the Company receive no additional compensation for their service as directors. See the executive compensation disclosures below forinformationrelatedtoMr.Adams’compensationinfiscal2020.

Duringfiscal2020,undertheCompany’soutsidedirectorcompensationprogram,theannualcashretaineramountfornon-employeedirectorswas$90,000. In addition, the chair of the Audit Committee received a $15,000 annual cash retainer, the chair of the Compensation Committee received a$12,500 annual cash retainer and the chair of the Nominating and Governance Committee received a $10,000 annual cash retainer. TheNon-ExecutiveChairreceivedanadditionalannualfeeof$90,000infiscal2020forservinginthatrole.Cashretaineramountsarepaidaftereachfiscalquarterofservice,are generally prorated for partial year service, andmay, at a director’s option, be paid in Rexnord commonstock, as permitted by rules adopted by theCompanyfromtimeto time. Eachthen-servingnon-employeedirector alsoreceivedanannual equity grant in fiscal 2020consistingof RSUsvaluedatapproximately$130,000.TheRSUsvestedimmediatelyongrant,butarenotpaidoutuntilsixmonthsafteradirectorleavestheboard.

Mr.Adams,whowasappointedasChaireffectiveaftertheannualmeetingonJuly23,2020,willnotreceiveanadditionalfeeforservingasChair.Mr.Bartlett,whowillserveastheleaddirector,willreceiveanadditionalannualfeeof$30,000forservinginthatrole.

Stock Ownership Guidelines for Directors

TheCompanybelievesthatit isimportant fornon-employeedirectorstomaintainanequitystakeinRexnordtofurtheraligntheir interests withthose of our stockholders. Non-employeedirectors must comply with stock ownership guidelines as determined from time to time by our board. Theownershipguidelinesfornon-employeedirectors requirethat each non-employeedirector must ownRexnordstock, whichincludesvested in-the-moneyoptionsandvestedbutdeferredRSUs,withavalueequaltoaminimumoffivetimestheannualcashretainerwithinfiveyearsofhisorherinitialelectiontotheboard.AsoftheRecordDate,eightofour10ournon-employeedirectorshadmettheownershipguidelines.Ms.SchoolerandMs.Troy,whowereeachappointedtotheboardinMay2019,haveuntilMay2024tomeettheownershipguidelines.

For information regarding the Company’s anti-hedging and anti-pledging policies, which are applicable to directors, as well as officers andemployees,see“CompensationDiscussionandAnalysis—Fiscal2020ExecutiveCompensationComponentsandDeterminations—Anti-HedgingandAnti-PledgingPolicies.”

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Delinquent Section 16(a) Reports

Section 16(a) of the Securities Exchange Act requires Rexnord’s officers and directors, and persons who beneficially own more than 10% ofRexnord’scommonstock,tofilereportsofownershipandchangesinownershipwiththeSEC.All publicly-heldcompaniesarerequiredtodisclosethenames of any insiders who fail to make any such filing on a timely basis within the preceding fiscal year, and the number of delinquent filings andtransactions, based solely on a reviewof the copies of the Section 16(a) forms filed with the SECand written representations that no such forms wererequired.TheCompanybelievesthatallofthesefilingrequirementsweresatisfiedonatimelybasisfortheyearendedMarch31,2020.Inmakingthesedisclosures,RexnordhasreliedsolelyonwrittenrepresentationsofitsdirectorsandexecutiveofficersandcopiesofthereportsthattheyhavefiledwiththeSEC.

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COMPENSATION DISCUSSION AND ANALYSIS

Overview

Thefollowingisadiscussionofthematerialelementsofcompensationandremunerationawardedto,earnedby,orpaidtoourNamedExecutiveOfficersduringourfiscalyearendedMarch31,2020.Throughoutthisdiscussion,theindividualsnamedintheSummaryCompensationTablebelowarereferredtoas“NamedExecutiveOfficers”andtheterms“CompensationCommittee”orthe“Committee”refertothecompensationcommitteeoftheboardofdirectors.

TheCommittee,inconsultationwiththeboardofdirectors, appropriateoutsideadvisorsandindependentcompensationconsultants, overseesourexecutive compensation agreements, plans and policies and has the authority to approve all matters regarding executive compensation. The Committeeseeks to ensure that the total compensation and benefits package provided to executives, including our Named Executive Officers, is reasonable, fair,balancedandcompetitiveandisalsoalignedwithstockholders’interestsandtheshort-andlong-termperformancegoalsoftheCompany.

TheCommitteeseekstofosterapay-for-performanceculturethatplacesanemphasisonstockholdervaluecreationandmakesameaningfulportionof each executive’s compensation subject to the financial, operational and stock price performance of the Company. Based upon these criteria, theCommitteesetstheprinciplesandstrategiesthatguidethedesignofourexecutivecompensationprogram.

Wecompensateourexecutivesthroughvariousformsofcash,equityandothernon-cashremuneration.Ourexecutiveofficercompensationprogramforfiscal2020included:

• Cashcompensation:

• base salaries, which are intended to attract and retain experienced, highly-qualified individuals and provide compensation for theexecutive’sduties,accomplishments,experienceandresponsibilities;and

• annualperformance-basedincentiveawards,whichrewardperformancebytyingadditionalcashcompensationtospecificCompany,unit,groupandindividualperformance;

• Long-termequityincentiveawards,includingawardsthatareperformance-based,thatfurtheralignthefinancialinterestsofmanagementwiththoseofourstockholders,which,forfiscal2020,consistedof:

• performance stock units (“PSUs”) tied to specific Company metrics that further incent executive officers by providing economicrewardstiedtotheperformanceoftheCompanyoveranextendedperiodoftime;and

• restrictedstockunits(“RSUs”)thatvestbasedoncontinuedemployment,whichareintendedtobetteralignmanagementwiththelong-terminterestsofstockholders,provideretentionincentivesandmaintainamarket-competitivecompensationstructure;

• Selective letter agreements regarding employment arrangements, and severance and change in control arrangements, intended to helpassure the continuing availability of the executives’ services over a period of time and protect the Company from competition post-employment,andthatalsoprovideprotectionandadegreeofcertaintytotheexecutivesuponcertainevents,includinginconnectionwithachangeincontrol(andutilizea“doubletrigger”insuchsituation);and

• Retirement benefits, as well as a deferred compensation program, which are intended to reward long-termservice to the Companyandprovideincentivestoremainwithusbybuildingbenefitsandsavingsforeventualretirement.

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Recent Developments

Fiscal Year Change

• TheCompanyis movingfromafiscal yearendingonMarch31ofeachyeartoafiscal yearendingonDecember31ofeachyear. Asa

result, the nine-month period fromApril 1, 2020, to December 31, 2020, is serving as a transition period, and fiscal 2021 will begin onJanuary1,2021.

COVID-19-Related Actions

• As a result of the expected economic slowdown due to the COVID-19pandemic, merit increases were not awarded to the Company’s

executiveofficersforthetransitionperiod.Inaddition,beginninginApril2020,thebasesalaryofourChiefExecutiveOfficer(“CEO”)wasreducedby29%andthesalariesofourotherexecutiveofficerswerereducedby23%throughDecember31,2020.

• InconnectionwiththeeconomicvolatilitycausedbytheCOVID-19pandemicanduncertainbusinessoutlookatthestartofthetransitionperiod,aswellaschallengesrelatedtoforecastingpotentialresultsatthattime,incentiveawardsforthetransitionperiodundertheMICP(asdefinedbelow)willbebasedongoalsforthesix-monthperiodfromJuly1,2020,toDecember31,2020.Sincethetransitionperiodconsistsofninemonths,awardswillbeadjustedtoreflect75%oftheinitiallytargetedincentiveamount.MICPawardsforthetransitionperiodwillbepaidinacombinationofcashandcommonstock.

• TheperformanceperiodforPSUsgrantedincalendar2020consistsofthetransitionperiodandfiscal2021.VestingofthesePSUsissolelydependentongoalsrelatedtoabsolutefreecashflowconversion.

• Duringthetransitionperiod,theCompanywillbeginmakingmatchingcontributionstoparticipantsinthe401(k)PlaninCompanycommonstockinsteadofincash.

General Compensation Philosophy and Objectives of Executive Compensation Programs

Thefoundationofourexecutivecompensationprogramistorewardourexecutivesforachievingspecific strategic goalsoftheCompanyandtoalign each executive’s interests with those of our stockholders. We believe that rewarding executives for superior levels of performance will result insignificant long-term value creation for the Company and our stockholders. As a result, we believe that the compensation packages we provide toexecutives,includingtheNamedExecutiveOfficers,mustincludebothcash-basedandequity-basedelementsthatrewardnear-andlong-termperformance.TheCommittee,withinputfromitsindependentcompensationconsultantandtheCEO(forexecutivesotherthanhimself),evaluatestheperformanceofourexecutivesandtheircompensationpackagestoensurethatwemaintainourabilitytoretainhighlytalentedkeyemployeesandattractnewtalent,asneeded,tosuccessfullygrowandleadtheorganization.

Wecontinuouslyreviewandevolveourprogramstofurtheraligntoourpay-for-performancephilosophy,placingastrongemphasisonstockholdervalue creation and subjecting elements of each executive’s compensation to risk depending on the performance of the Company. As such, we base ourexecutivecompensationprogramonthefollowingphilosophies:

• Thecompensationprogramshouldsupportthebusinessbyestablishinganemphasisonbalancingcriticalannualobjectivesandlong-termstrategywithoutencouragingunreasonablerisktaking;

• Eachexecutive’stotalcompensationshouldcorrelatetohisorherrelativecontributiontotheCompanyandtheachievementofindividualand/orbusiness(asdefinedbelow)goals;

• The compensation program should drive enterprise financial and operational outcomes in a manner that improves the Company’s

operationalperformance,createsstockholdervalueandalignstheexecutives’interestswiththeinterestsofourstockholders, all withoutencouraginginappropriaterisktaking;and

• Executivesshouldberewardedforsuperiorperformancethroughcash-basedincentivesandequitycompensation.

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Ourexecutivecompensationprogramisdesignedtofocusourexecutivesoncriticalbusinessgoalsthattranslateintolong-termvaluecreation.Asaresult,webelievethatameaningfulportionofourexecutives’compensationshouldbevariableandbased,asappropriate,onthefinancialperformanceofthe Company or one of its specific businesses, segments or departments (“businesses”). We have increased the emphasis on performance-basedcompensation in recent years through our Management Incentive Compensation Plan (the “MICP”), a sub-planof the Performance Incentive Plan, andthroughthe use of PSUsandother equity awards. ThePSUs, in particular, subject a material element of executive compensation to the achievement ofpre-establishedperformancemetrics.PSUscurrentlycomprise60%oftheequityawardallocationformulafortheseniorleadershipteam,whichincludestheCEOandtheNamedExecutiveOfficers.TheMICPalsofeaturesacomponentthatisdesignedtorewardannualimprovementinpersonalperformanceobjectives.Foreachfiscalyear(aswellasthetransitionperiod),individualizedtargetperformanceareasaredeterminedforeachexecutive,andaportionofeachexecutive’scompensationundertheMICPisdependentuponachievementofthoseobjectives.Theseindividualizedtargetperformanceareas,referredtoasannualimprovementpriorities(“AIPs”),aredesignedtodriveresultsthatmeetorexceedfinancialtargetsfortheyearinareasthatarecriticaltothelong-termsuccessoftheCompany.

Our executive compensation program also aims to reward long-term value creation through equity-based awards that help align the financialinterestsofmanagementwiththoseofourstockholderssincetheultimatevalueofequity-basedawardsistiedtothevalueofourstock.Inaddition,ourexecutive compensation program includes selective employment-related letter agreements and change in control and severance arrangements that areintendedtofacilitatethoseofficers’commitmentanddedicationtotheCompany.

CEO Compensation Philosophy. Forfiscal2020compensationplanning,theCommitteecontinuedwithitsapproachtoreviewtheCEO’sbaseand incentive compensation annually (e.g., for merit increases, annual incentive awards and equity grants) with Willis Towers Watson, its independentcompensationconsultant.TheCommitteeprovidedtheCEOwithtraditionalannuallyawardedlong-termincentiveopportunitiesthatarefocusedonhighperformance and emphasize long-termvalue creation for our business and our stockholders. As a result of the Company’s strong performance in fiscal2019,theCEO’stotalcompensationforfiscal2020waspositionedsomewhatabovethemedianofourpeergroup,whichisfurtherdiscussedbelow.

Stockholder Input and Outreach. The Committee also considers the results of advisory “say-on-pay”stockholder votes when makingcompensationdecisions.TheCompanycurrentlyholdssay-on-payvotesannually,whichisconsistentwiththeresultsofthestockholderadvisoryvoteontheadvisory“say-on-frequency”vote that was held at the fiscal 2019annual meeting. At the fiscal 2020annual meeting, approximately 81%of sharesvoting approved the compensation of the Company’s executive officers on an advisory basis. Based on this result, the Committee concludes that ourstockholdersaffirmativelysupporttheCompany’sexecutivecompensationphilosophy,programanddecisions.

Fromtimetotimewealsomeetorspeakwithvariousstockholderstodiscusscorporategovernance,executivecompensationandothermatters.TheboardandtheCommitteehaveconsidered,andwillcontinuetoseriouslyconsider,feedbackfromthesediscussionsaswereviewandevaluateourcorporategovernancepracticesandexecutivecompensationprograms.

Other Considerations.TheCommitteereviewsmarket-baseddataasonebenchmarktoprovideareferencepointforcompensationpracticesaswell as a source of comparative information to assist in determiningvarious components of compensation. However, it does not use this information tomathematically calculate compensation nor limit itself to any specified range. The Committee reviews market-based data in general terms and uses itsjudgmentanddiscretiontoaddressindividualcircumstancesratherthansimplytargetingalevelofcompensationthatfallswithinaspecificrangeofthedata.

InDecember 2017, theTaxCutsandJobsAct (“TaxReform”) wasenactedin theUnitedStates. Amongother changes, TaxReformeliminatedprospectively the provisions under Section 162(m) of the Internal Revenue Code that allowed for tax deductions for certain performance-basedcompensationabovethe$1.0milliondeductibilitylimitforcertainexecutiveofficers.AlthoughTaxReformsubstantiallychangedcertainelementsof

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tax deductibility of executive compensation, including the loss of certain deductions keyed to the former specified performance-based standards, theCommitteeintendstocontinuetostructurecompensationprogramstobeconsistentwithitspay-for-performancephilosophy;seealso“TaxConsiderations”below.

Setting Executive Compensation and the Role of Our Executive Officers and Consultants in Compensation Decisions

TheCommittee annually reviewsandapproves all compensation decisions related to our NamedExecutive Officers. Near the beginningof eachfiscalyear,theCEOestablishestheAIPsforeachexecutiveofficerotherthanhimself;theCommitteeestablishestheAIPsfortheCEO.Attheendoftheyear,priortomakingtheannualcompensationdeterminationsforeachexecutiveofficer,oneormoremembersoftheCommitteeworktogetherwiththeCEOtoreviewtheperformanceoftheCompanyanditsrespectivebusinesses,theroleofeachexecutiveinthevariousaspectsofthatperformanceandtheexecutive’s level of achievement of his or her AIPs. To assist with this process, our Chief Human Resources Officer compiles data provided by ourindependentcompensationconsultantandprovidescompensationrecommendationsfortheexecutiveofficersotherthanhimself.Basedonthisreviewanddata,theCEOmakesrecommendationstotheCommitteeastothecompensationofallseniormanagement,includingtheNamedExecutiveOfficersotherthan himself. The Committee considers these recommendations and meets with its compensation consultant independently in making the finaldeterminations.OtherthanourCEOandChiefHumanResourcesOfficer,noneoftheotherNamedExecutiveOfficershadorhaveanyroleindeterminingthefiscal2020compensationofotherNamedExecutiveOfficers.WeanticipatethattheCEOandChiefHumanResourcesOfficerwillcontinuetohavearoleinsettingthecompensationfortheseniormanagementoftheCompany.

The Committee currently uses Willis Towers Watson as its independent compensation consultant to assist in analyzing the Company’scompensation programsandmakingcompensation decisions. TheCommittee is directly responsible for the appointment, termination, compensation andoversightoftheworkofanycompensationconsultantshiredbyitandconsiderstheindependenceofanysuchconsultantpriortoretention.TheCompanyprovidesappropriate funding, asdeterminedsolelybytheCommittee, for thepaymentofcompensationtothecompensationconsultants engagedbytheCommittee.

WillisTowersWatsonprovidesongoingadvisoryservicestotheCommitteeonvariousaspectsofitsoverallcompensationpractices,including,butnotlimitedto,itslong-termincentivecompensationprogramandtherelatedPerformanceIncentivePlan,theCompany’sdeferredcompensationplanandthecompensationprogramforoutsidedirectors.WillisTowersWatsonalsoprovidesassistancewithreviewsofcompensationprogramsfortheCEOandotherexecutiveofficers.TheCompanypaidWillisTowersWatson$131,000infiscal2020fortheseadvisoryservicesrelatedtoitsexecutiveanddirectorcompensation programs. In addition, in fiscal 2020, Willis Towers Watson was also engaged by management, finance and human resources to providepension actuarial, general compensation consulting and property and casualty insurance brokerage services. Fees for these services totaled $401,853 infiscal2020.

After considering the factors set forth in the SECand NYSErules, in accordance with the Committee’s charter, the Committee determined thatWillis Towers Watson is sufficiently independent to appropriately advise the Committee on compensation matters and that its relationship with WillisTowersWatsondoesnotgiverisetoanyconflictofinterest.Goingforward,theCommitteeexpectsthatitwillcontinuetoengageWillisTowersWatsonandothercompensationconsultantswhenandasappropriateandwillconductanassessmentofconsultants’independencepriortoanysuchengagement.

Fiscal 2020 Executive Compensation Components and Determinations

Theprincipalcomponentsofourexecutivecompensationprogramarediscussedbelow.

Base Salary.TheCommitteecurrentlyreviewsbasesalariesforallexecutives(includingtheCEO)annually,withbasesalaryadjustmentstypicallyfinalized in the first quarter of the fiscal year. In determining base salaries, the Committee considers the executive’s responsibilities, experience, skills,sustainedlevelof

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performance in the job, performance in the prior year, contribution to overall business goals, publicly-available data, information obtained fromcompensationconsultants andtheCEO’srecommendations (withrespect to executive officers other thanhimself). BasedontheCommittee’s subjectivereviewofthesefactors,itdetermineseachNamedExecutiveOfficer’sbasesalary,whichareintendedtobecompetitivewiththemarket.

Forpurposesofitsreviewofbasesalaryandotherelementsofthecompensationprogram,WillisTowersWatsonusedapeergroupofsimilarlysizedindustrialmanufacturingcompanies,whichforfiscal2020consistedof:A.O.SmithCorporation,AcuityBrandsInc.,AltraIndustrialMotionCorp.,Barnes Group Inc., Belden, Inc., Crane Co., Evoqua Water Technologies Corp., Franklin Electric Co., Inc., Gates Industrial Corporation plc, IdexCorporation, ITT Inc. Kennametal Inc., Lincoln Electric Holdings, Inc., Mueller Water Products, Inc., Nordson Corp., Pentair plc, RBC BearingsIncorporated,RegalBeloitCorporation,TheTimkenCompanyandWattsWaterTechnologies,Inc.(the“PeerGroup”).

BasesalaryincreasesfortheNamedExecutiveOfficersvariedfrom3.0%to7.7%,withbasesalarylevelsforourexecutiveofficers,inaggregate,nearthemedianofthemarket. Forfiscal2020,Mr.Adams’basesalaryincreasedby4.1%to$1,005,000tocontinuetobecomparabletothemedianofgeneralindustrysurveydataandcompetitivewiththemedianofpeergroupcomparisons.TheCommitteebelievedthisincreasewasappropriatebasedonMr.Adams’performanceandcontributionstotheCompany.Mr.Peterson’ssalaryincreaseforfiscal2020reflectedhisstrongperformanceinfiscal2019aswell as continuedefforts to makehis base salary competitive with the paylevel of other chief financial officers. Thesalary increases for Mr. ZabaandMr.Wehrwereintendedtorewardtheirstrongperformanceaswellasmaketheirbasesalariesmorecompetitivewiththemarket.ThesalaryincreaseforMr.Powersreflectedcompetitivemarketconditionsaswellashisperformance.

Basedontheabovereviews,theCommitteedeterminedthebasesalariesfortheNamedExecutiveOfficersasindicatedinthefollowingtable:

Name Fiscal 2020

Base Salary ($)

Increase as Compared to

Fiscal 2019 (%)ToddA.Adams $ 1,005,000 4.1%

MarkW.Peterson 525,000 6.1%

KevinJ.Zaba 500,000 3.1%

GeorgeJ.Powers 409,000 3.0%

CraigG.Wehr 420,000 7.7%

As previously noted, in connection withCOVID-19-relatedactions taken by the Company, merit increases were not awarded to the Company’sNamedExecutiveOfficersforthetransitionperiodandthebasesalariesofsuchofficerswerereducedthroughDecember31,2020.

Annual Performance-Based Awards.Webelievethatasubstantialportionofourexecutiveofficers’compensationshouldbevariable,basedontheCompany’sfinancialperformance,andprovideanopportunitytoearnadditionalawardsinconnectionwithsuperiorbusinessandindividualperformance.

AnnualincentivesforourexecutiveofficersareprincipallyawardedthroughtheMICP.TheMICPisdesignedtoprovideourkeyofficers,includingourNamedExecutiveOfficers,withappropriatevariableincentivestoachieveandexceedkeyannualbusinessobjectivesbyprovidingperformance-basedcompensation in addition to their annual base salary. Under the terms of the MICP, participants are eligible to earn variable incentives based upon theachievement by the Company or the respective business, as the case may be, of the corporate financial targets established by the Committee and eachexecutive’s individual performanceandachievement of AIPs; all amounts awardedunder theMICPare alsosubject to the overall review, approval andpotentialadjustmentbytheCommittee.

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Nearthebeginningofeachfiscalyear,theboardofdirectors,basedoninputfromtheCEOandCFO,approvesthecorporatefinancialperformancetargetsfortheCompanyandeachbusiness,andtheCommitteeusesthosetosetthefinancialtargetsundertheMICP.TheCommitteesetstheAIPsforourCEOandourCEOestablishestheAIPsforalloftheothermembersofseniormanagementparticipatingintheMICP,includingtheotherNamedExecutiveOfficers.Insettingthefinancialtargets,theCompanyconsidersitsstrategicplananddetermineswhatachievementwillberequiredonanannualbasistodrivetoitsmulti-yearperformancecommitment.

UndertheMICP,eachparticipant’stargetincentiveamountisbaseduponaspecifiedpercentageoftheparticipant’sannualbasesalary.Inmakingdeterminationsforfiscal2020MICPawardstoexecutiveofficersandotherkeypersonnel,theCommitteereviewed,amongotherfactors,theresultsofitscompensationconsultants’studiesoftheCompany’scashcompensation.Forfiscal2020,thetargetincentiveamountsforMessrs.Adams,Peterson,Zaba,Powers and Wehr were 125%%, 75%, 75%, 55% and 65% of base salary, respectively, and target incentive levels for our executive officers were, inaggregate,nearthemedianofthemarket.Thelevelforeachexecutivewassetsoastoincentivizeexecutivestoachievesuperiorcorporateandindividualresultsbyprovidingmeaningfulcompensationupontheachievementofestablishedgoals.

The target incentive level for Mr. Adams was set to make his compensation particularly focused on value creation for stockholders and wasgenerallyinlinewiththatofthePeerGroup.However,theCommitteecontinuedtolimitthemaximumpayment(whichwassetat250%ofbasesalary)thatmaybeearnedbyMr.Adams,aswellasbytheotherNamedExecutiveOfficers,undertheMICP,astheCommitteebelievesthatacaponthepaymentisappropriateandthatthecapisatasufficientlyhighlevelsoastocontinuetoencouragestrongperformance.

UnderthetermsoftheMICP,eachparticipantisinitiallyentitledtohisorhertargetincentiveamountif100%ofthespecifiedperformancetargets(“BaseTargets”)areachieved.FortheNamedExecutiveOfficerstobeeligibleforaminimumincentiveunderthecorporatefinancialperformancemetrics,whicharesubjecttoadjustmentbytheCommitteeincertainextraordinarycircumstances,theCompanymustreachaspecifiedcliffsetnearthebeginningof each fiscal year, which, for fiscal 2020, was at least 90% of either of the respective metrics (which are described in more detail below) with anacceleratedpayoutscheduleforattainmentassummarizedinthebelowtable:

Achievement

90% of Base

Targets

100% ofBase

Targets

105% of Base

Targets

110% ofBase

Targets

115% of Base

Targets

120% of Base

Targets

125% or > of Base Targets

FinancialFactorPayout 50% 100% 112.5% 125% 150% 175% 200%and>*

* Foreachadditional5%increaseinthepercentofBaseTargetplanachievementabove115%,thefinancialfactorpayoutwillincrease25%;

provided,however,thattheCEOandourotherNamedExecutiveOfficersaresubjecttoamaximumpayout,whichforfiscal2020wasamaximumof250%ofeachofficer’sbasesalary.

With respect to the corporate financial performance portion of the incentive formula under the MICP, the Committee believes that the incentivecompensationforthefiscalyearshouldincreaseincrementallyasthelevelofachievementincreasesandthatexecutivesshouldbeencouragedtostriveforsuperior results. While there is a caponthemaximumpayout amount totheCEOandother NamedExecutiveOfficers, as notedabove, theCommitteebelievesthecapisatasufficientlyhighlevelsoastocontinuetoencouragestrongperformance.TheCommitteehasdiscretiontoincreaseordecreasetheamountactuallypaidoutundertheMICPifnecessarytoaccountforcertainextraordinaryeventsorotherfactorsthatmayhavedisproportionatelyaffectedtheformulaicresultsortoadjustforhowtheformulaicresultsarecalculated.Inaddition,thereisgenerallynominimumincentivepayableundertheMICPevenif90%ormoreofthecorporatefinancialperformancemetricsareachievedbecausetheincentivepaymentissubjecttotheindividual’sAIPmultiplier(alsoreferredtoaspersonalperformancemultiplier),whichcouldbe0%.

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AfterthecorporatefinancialresultshavebeencalculatedundertheMICP,eachindividual’spersonalperformanceandAIPsareevaluatedbytheCommittee (for the CEO) and by the CEO (for other executive officers), after which the individual’s personal performance multiplier is applied todeterminetheamountoftheincentiveearned.TheCommitteebelievesitisimportantfortheMICPtoaligneachNamedExecutiveOfficer’scompensationwith the officer’s individual, unit, group and/or corporate financial performance. Under the MICP, the personal performance objectives are intended toreinforcecross-functional,businessteamwork,shouldgenerallytietostrategydeploymentobjectivesandshouldbeaggressive,measureableandcriticaltosuccessoftheCompany’sbusiness.Forexecutiveofficers,thepersonalperformancemultiplierisbetween0%and150%,with150%asthebasepoint,andtheCommitteeusing“negativediscretion”toreducethemultipliertotheintendedlevelbasedontheofficer’sperformance.Aperformancemultiplierof100%isusedtodenoteon-targetachievementofgoals.

Asnotedabove,BaseTargetsundertheMICParecomprisedofCompany,ortherespectivebusiness,financialperformancemetricsandindividualAIPs. For participants whose MICP performance is tied specifically to the Company’s consolidated financial performance, including Messrs. Adams,PetersonandPowers,thespecificmetricsinfiscal2020werebasedonconsolidatedEBITDAandUnleveredFreeCashFlow,eachweightedat50%.FortheMICP,wegenerallydefineEBITDAasnetincomeplusinterest,incometaxes,depreciationandamortization,plusadjustmentsforrestructuring,stock-based compensation expense, other (income) expense, LIFO (income) expense, un-budgetedacquisitions and other non-recurringitems, translated atconstant currency as used for internal management reporting. Wedefine Unlevered Free Cash Flow, for purposes of the portion of the MICPbased onconsolidated Company performance, as cash flow from operations less capital expenditures (net of proceeds from the sale of fixed assets, if any), asadjusted for cash interest on the Company’s outstanding debt obligations (to simulate a debt-free capital structure), un-budgetedacquisitions and, whenappropriate, other non-recurringitems, translated at the constant currency used for internal management reporting. While the MICP metrics may bemeasuredatvariouslevelswithintheorganization,themechanicsofthecalculationsaresubstantiallythesameforallparticipantsintheMICP.

Infiscal2020,theCompanyagainusedEBITDAintheMICPbecauseitbelievesEBITDAisanimportantsupplementalmeasureofperformanceand is frequently used by analysts, investors and other interested parties in evaluating companies in our industry. Further, the Company used EBITDAbecauseitisusedbytheCompany’slenders,andoftencomparedbyanalystsandinvestors,inevaluatingourabilitytomeetdebtserviceobligations.TheCommitteealsousedUnleveredFreeCashFlowasanadditionalmetricundertheMICPbecausetheCommitteebelievesitrepresentstheabilitytogeneratecashand,therefore,potentiallyimproveprofits,andbecauseiteliminatestheimpactofcashinterest,overwhichmanagementhasrelativelylittlecontrol.Italsoprovidesincreasedtransparencyaroundoperatingcashflowgenerationand,therefore,alignstheNamedExecutiveOfficers’incentivecompensationwithameasureoverwhichtheymoredirectlycontrol.

ForMICPparticipantswhoarenotontheconsolidatedplan,includingMessrs.ZabaandWehr,thespecificfiscal2020financialmetricswerebased40%onGroupEBITDA,20%onGroupOperatingCashFlow(definedasthegrouplevelEBITDAplusorminusthechangeininventory)and20%oncoregrowthpercentagefortherespectivebusiness,and20%onconsolidatedEBITDA.Infurtheranceofitspay-for-performancephilosophyandwiththeintentto drive superior operating performance, the Committee chose these measures for each respective business because it believes they correlate to theCompany’sstrategicgoalsandalignstockholders’interestswiththoseofmanagement.TheCommitteebelievesthataCompany-wideperformancefactor(consolidatedEBITDA)providesanappropriatetietooverallperformancetoenhancetheparticipants’stakeintheresultsoftheCompanyasawhole.

TheCommittee’sintentioninsettingtheBaseTargetsundertheMICPforfiscal2020wastoprovidestrongincentivefortheexecutivestoperformatahighlevelandcreatevalueforourstockholdersinorderforanyannualincentivestobeearned.Accordingly,anexceptionallevelofperformancetoattainorexceedthetargetlevelwouldberequired,butsuchtargetsalsoremainpracticallyattainableinordertodiscourageexcessiverisk-takingtoachievethem. The Committee established the targets for fiscal 2020 near the beginning of the fiscal year. After each fiscal year, the Committee makes adeterminationastowhetherthetargetsweremet,and

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determinestheextent, if any, towhichthetarget incentives shouldbepaidbasedontheseresults andother factors. Inaddition, under theMICP,if anyacquisitionordispositionofanybusinessbytheCompany,merger,consolidation,split-up,spin-off,oranyunusualornonrecurringtransactionsoreventsaffectingtheCompany,orthefinancialstatementsoftheCompany,orchangeinapplicablelaws,regulations,oraccountingprinciplesoccurssuchthatanadjustmentisdeterminedbytheCommitteetobeappropriate,thentheCommitteewill,ingoodfaithandinsuchmannerasitmaydeemequitable,adjustthefinancialtargetsoftheMICPormodifythepayoutsthereunder.

Undertheconsolidatedplanforfiscal2020,theBaseTargetforconsolidatedEBITDAwassetat$472millionandtheBaseTargetforUnleveredFreeCashFlowwassetat$303million.

Withrespecttoconsolidatedresultsforfiscal2020forpurposesoftheMICP,theCommitteedeterminedthattheCompanyconsolidatedEBITDAwas$462million,or98%ofthetarget,andthatUnleveredFreeCashFlowwas$327million,or108%ofthetarget.Asaresult,undertheMICPformula,the consolidated corporate financial performance factors generated a payout amount of 105% of the target at the consolidated level. The financialperformancemetricsfortheapplicablebusinessesforMessrs.ZabaandWehrresultedinpayoutamountsof85%and100%oftarget,respectively.

Asmentionedabove,aggregateincentivesundertheMICPareweightedtoincludecorporateorspecificbusinessfinancialperformancemetrics,aswellaspersonalperformance;thus,theresultsunderthecorporatefinancialmetricsaresubjecttochangebasedonthepersonalperformancemultiplierandachievement of AIPs. For fiscal 2020, Mr. Adams’ AIPs focused on overall growth and performance of the Company, and increasing organizationalcapabilities;Mr.Peterson’sAIPsfocusedoncompliance,costsavingsandthefinancialstrengthandsystemsoftheCompany;Mr.Zaba’sAIPsfocusedonoverall growth and performance of the Power Transmission business; Mr. Powers’ AIPs focused on building organizational capabilities, leadershipsuccessionandtalentmanagement;andMr.Wehr’sAIPsfocusedonoverallgrowthandperformanceoftheZurnbusiness.

Aftercompletionofthefiscalyear,theCommitteereviewedtheCEO’slevelofpersonalperformanceandtheachievementofAIPs.Additionally,theCommittee,alongwithinputfromtheCEO,reviewedtheremainingNamedExecutiveOfficers’levelofpersonalperformanceandtheachievementofAIPs.Forfiscal2020,thepersonalperformancemultipliersfortheNamedExecutiveOfficersotherthantheCEOvariedfrom1.08to1.25,andtheCEOachieved1.25.

Utilizing the corporate and specific business financial targets, as the case maybe, and the personal performance multiplier results, the incentivepaymentsundertheMICPforfiscal2020were:$1,648,828forMr.Adams;$520,931forMr.Peterson;$395,250forMr.Zaba;$255,093forMr.Powers;and$341,250forMr.Wehr.

ForthetransitionperiodendingDecember31,2020,thefinancialmetricsforexecutiveMICPparticipantsontheconsolidatedplanwillbebased50%onconsolidatedEBITDAand50%onFreeCashFlow.Forexecutiveparticipantswhoarenotontheconsolidatedplan,includingMessrs.ZabaandWehr,themetricswillbebased40%onGroupEBITDA,40%onGroupOperatingCashFlowand20%onconsolidatedEBITDA.DuetotheeconomicvolatilitycausedbytheCOVID-19pandemicandtheuncertainbusinessoutlookexistingatthestartofthetransitionperiod,aswellaschallengesrelatedtoforecastingpotentialresultsatthattime,theCommitteedeterminedthattheperformanceperiodforthemetricswillconsistoftheperiodfromJuly1,2020,toDecember31,2020.AsaresultofthepreviouslyannouncedchangetotheCompany’sfiscalyear,andgiventhatthetransitionperiodconsistsofninemonths, MICPawardswill beadjustedtoreflect 75%oftheinitiallytargetedincentiveamount. MICPawardsforthetransitionperiodwill bepaidinacombinationofcashandcommonstock.

Long-Term Equity Incentive Awards.TheCompanyandtheCommitteeprovideincentivesthatlinkourNamedExecutiveOfficers’compensationtothereturnsexperiencedbyourstockholders,primarilythroughawardsunderthePerformanceIncentivePlan.ThePerformanceIncentivePlanisintendedtoprovideperformanceincentivestoourofficers,employeesandcertainothersbypermittinggrantsofequityawardsand

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performance-basedcashawardstosuchpersons,toencouragethemtomaximizeourperformanceandtocreatevalueforourstockholders. Thetypesofpermittedawardsincludestockoptions,stockappreciationrights,stockbonuses,restrictedstockandRSUs,performancestockandPSUs,stockunitsandothersimilarrightstopurchaseoracquireshares,aswellascashawards.Awardsmayvest,overtime,upontheoccurrenceofoneormoreeventsorbythesatisfactionofperformancecriteria,oranycombinationthereof.ThePerformanceIncentivePlanisadministeredbytheCommittee.

The Committee generally uses an annual grant schedule for equity awards. Typically, grants are made in the first quarter of each fiscal year,followingtheannouncementbytheCompanyoftheprioryear’sresults;theCommitteeexpectstocontinuethatpracticeinthefuture.TheCommitteemayalso make other such grants from time to time based on various facts and circumstances, including but not limited to new hires, changes in roles orresponsibilities, individual performance, specific achievements and other associate retention considerations. The Committee believes that equity-basedawards play an important role in fostering a pay-for-performanceculture, in which incentives are created for our executives to maximize Companyperformanceandaligntheinterestsofourexecutiveswiththoseofourstockholders.

Infurtheranceofourpay-for-performancephilosophy,andafterareviewofcompetitivepractices,aspreviouslydisclosed,theCommitteemodifiedtheequitygrantallocationformulaforfiscal2020forexecutiveofficerstoincreasetheportionoftheequityawardgrantedasPSUstodriveevengreateralignmentbetweenseniormanagementandthelong-terminterestsofstockholders.Asaresult,theequitygrantallocationformulaforexecutiveofficersforfiscal 2020 consisted of 60% PSUs and 40% RSUs (as compared to 50% PSUs, 25% RSUs and 25% options in fiscal 2019), while other equity planparticipantsreceived75%RSUsand25%options(ascomparedto60%RSUsand40%optionsinfiscal2019).Targetlong-termincentivecompensationlevels for our executive officers were, in aggregate, above the median of the market, in furtherance of our compensation philosophy. The Committeebelieves that the use of PSUs and the allocation formulas discussed above further align the interests of our executives with those of our stockholders,support our talent strategy, enhance retention opportunities, provide additional motivation for our executives to succeed in the long-term and maintainmarketcompetitiveness.

Asnotedabove,theCommittee,infurtheranceofitsemphasisonperformance-basedcompensation,againgrantedPSUs(the“fiscal2020PSUs”)thatvest(orwillbeforfeited)basedonspecifiedperformancegoalsforathree-yearperformanceperiod.Vestingof50%ofthevalueofthefiscal2020PSUsisbasedongoalsrelatedtoabsolutefreecashflowconversion(definedasfreecashflowdividedbynetincomebeforespecialitems)torewardtheefficientgenerationanduseofcash,whichalsoalignswiththeCompany’slong-termstrategicplan.Vestingoftheother50%ofthevalueofthefiscal2020PSUsisbasedongoalsrelatedtoreturnoninvestedcapital(“ROIC”).TheCommitteeusesROICasaperformancemeasureforthefiscal2020PSUstohelpensurethatourexecutivesfocusoneffectivelyemployingcapitalandcreatingstockholdervalueaswellastobetteralignwiththeCompany’scurrentgrowthstrategyandabsolutefreecashflowconversiongoals.ThePSUshave100%cliffvestingafterthreeyearsandcanbeearnedatlevelsbetween0%and200%basedonthedegreeofsatisfactionoftheperformanceconditions.

RSUsthatvestbasedoncontinuedemploymentareincludedinourexecutiveofficerlong-termincentivemixinordertobetteralignmanagementwiththelong-terminterestsofstockholders,provideretentionincentivesandmaintainamarket-competitivecompensationstructure.TheRSUsgrantedinfiscal2020vestinthreeequalinstallmentsontheanniversaryofthegrantdate.

Priortofiscal2020,stockoptions,withanexercisepriceequaltotheCompany’sclosingstockpriceonthegrantdate,thatvestratablyoverthreeyearsafterthegrantdateandhaveamaximumtermof10yearsafterthegrantdate,werepartoftheexecutiveofficerlong-termincentivemix.Whilestockoptionswerenotgrantedtoexecutiveofficersinfiscal2020,theyweregrantedtoothernon-executiveemployees.

TheexpectedvalueoftheequitygrantstoMr.Adamsinfiscal2020wassetsomewhatabovethemedianofthePeerGroup,whichtheCommitteebelievedtobeappropriatetoreinforceitsfocusonincentive-based

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compensation,tofurtheritspay-for-performancephilosophyandtoprovideappropriateincentivestoincreaselong-termstockholdervalue.

OnMay13,2019,theCommitteegrantedcertainofficersandemployeesanaggregateofapproximately0.1millionoptionstopurchasesharesofcommon stock, approximately 0.3 million PSUs and approximately 0.4 million RSUs under the Performance Incentive Plan, including to the NamedExecutive Officers as follows: 91,636 PSUs and 61,091 RSUs to Mr. Adams; 23,455 PSUs and 15,637 RSUs to Mr. Peterson; 19,855 PSUs and13,237RSUstoMr.Zaba;11,018PSUsand7,346RSUstoMr.Powers;and9,818PSUsand6,546RSUstoMr.Wehr.Thefiscal2020PSUscanbeearnedatlevelsbetween0%and200%basedonsatisfactionoftheperformanceconditionsduringthefiscal2020tofiscal2022performanceperiod;andtheRSUsvestinthreeequalannualinstallmentsontheanniversaryofthegrantdate,assumingcontinuedservice.Forthefiscal2020PSUs,50%ofthevalueofPSUsisbasedongoalsrelatedtoabsolutefreecashflowconversiongoalsand50%isbasedongoalsrelatedtoROIC.

The Committee intends to continue to make annual or regularly recurring grants of equity awards to our Named Executive Officers and otherofficers,keyemployees,directorsandconsultants.

OnMay4, 2020,theCommitteegrantedcertainofficers andemployeesanaggregateofapproximately0.2millionoptionstopurchasesharesofcommon stock, approximately 0.5 million PSUs and approximately 0.4 million RSUs under the Performance Incentive Plan, including to the NamedExecutiveOfficersasfollows:244,906PSUstoMr.Adams;41,144PSUsand27,430RSUstoMr.Peterson;31,740PSUsand21,160RSUstoMr.Zaba;13,519 PSUsand 9,013 RSUsto Mr. Powers; and 17,045 PSUsand 11,364 RSUsto Mr. Wehr. The Committee granted 100%of the long-termequityincentive award to Mr. Adams in PSUs to further align his compensation with the interests of stockholders and the attainment of performance-basedmetrics.ThePSUscanbeearnedatlevelsbetween0%and200%basedonthesatisfactionofperformanceconditionsduringtheperiodfromApril1,2020,throughDecember31,2021(the“TransitionPeriodPSUs”).FortheTransitionPeriodPSUs,performanceisbasedsolelyongoalsrelatedtoabsolutefreecashflowconversion.TheRSUsvestintwoequalinstallments,withthefirstinstallmentvestingonthefirstanniversaryofthegrantdateandthesecondinstallmentvestingonDecember31,2021,assumingcontinuedservice.

The three-year performance period for the PSUs granted in fiscal 2018, covering fiscal 2018 through fiscal 2020 (the “fiscal 2018 PSUs”),concludedonMarch31,2020.Vestingofthefiscal2018PSUswasbasedontherelativetotalstockholderreturn(“TSR”)oftheCompany’scommonstockascomparedtocompaniesintheS&P1500IndustrialsIndexandongoalsrelatedtoabsolutefreecashflowconversion.ThePSUscouldhavebeenearnedatlevelsbetween0%and200%basedonsatisfactionoftheperformanceconditionsduringtheperformanceperiod.Basedonperformanceonbothmetrics,whichisdescribedbelow,thefiscal2018PSUsvestedandpaidout,inaggregate,at180%oftargetvalue.

Fortheportionofthefiscal2018PSUsthatcouldbeearnedbasedonrelativeTSRperformance,theCommitteesetthreshold(50%payout),target(100%payout)andmaximum(200%payout)performancelevelsthatcorrespondedtothepercentilerankoftheCompany’sTSRascomparedtocompaniesintheS&P1500IndustrialsIndexduringthethree-yearperformanceperiod.TheCommitteedeterminedthattherewouldnotbeanypayoutonthisportionof the 2018 PSUs if the TSR of the Company’s common stock during the three-year performance period was below a threshold level of performance.Assumingtheachievementofthethresholdlevelofperformance,thepayoutforthisportionofthePSUsisdeterminedlinearlybetweentheperformancelevels.ThethresholdlevelofperformancewassetequaltoarelativeTSRfortheCompany’scommonstockatthe25thpercentileofcompaniesintheS&P1500IndustrialsIndex.Inordertoachieveapayoutatthetargetlevelforthisportionofthefiscal2018PSUs,theTSRoftheCompany’scommonstockwas required to be at the 50th percentile of companies in the S&P1500 Industrials Index. To achieve a payout at the maximumlevel, the TSRof theCompany’scommonstockwasrequiredtobeatthe75thpercentileofsuchindex.TheCommitteebelievedthattheperformancelevelsdiscussedaboveandrelatedpayoutsprovidedappropriatelevelsofincentivestodrivestockholdervalue.

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The relative TSRof our common stock during the three-year performance period was between the target and maximumlevels. As a result, theportionofthefiscal2018PSUsbasedonthismetricvestedandpaidoutat160%oftargetvalue,aftercertificationbytheCommittee.

Free cash flow conversion for purposes of the fiscal 2018 PSUs means the ratio of adjusted free cash flow to net income for the three-yearperformance period. Adjusted free cash flow is measured as cash flow from operations as adjusted for capital expenditures, unbudgeted acquisitions,non-cashexcess tax benefits on stock option exercises and other non-recurringitems, translated at constant currency as used for internal managementreporting.NetincomeiscalculatedinaccordancewithU.S.GAAP,asadjustedforunbudgetedacquisitionsandothernon-recurringitems.

For the portion of the fiscal 2018 PSUs that could be earned based on absolute free cash flow conversion performance during the three-yearperformanceperiod,theCommitteealsosetthreshold(50%payout),target(100%payout)andmaximum(200%payout)performancelevels.Similartothediscussion above, the Committee determined that there would not be any payout on this portion of the fiscal 2018 PSUs if absolute free cash flowconversionwasbelowathresholdlevelofperformance.Assumingtheachievementofthethresholdlevelofperformance,thepayoutforthisportionofthePSUs is also determined linearly between the performance levels. The threshold level of absolute free cash flow conversion during the three-yearperformanceperiodwassetat125%,whichrepresentedalevelbelowtheprojectionswithintheCompany’sapprovedthree-yearstrategicplan.Inordertoachieveapayoutatthetargetlevelforthisportionofthefiscal2018PSUs,theCompany’sabsolutefreecashflowconversionwasrequiredtobe135%,which was deemed appropriate in that it required achievement of the projections within the strategic plan. To achieve a payout at the maximum levelrequiredabsolutefreecashflowconversionof139%,whichwasconsideredasignificantstretchanddifficulttoachievebecausetheamountsexceededtheprojectionsinthestrategicplan.

Forthefiscal2018tofiscal2020performanceperiod,absolutefreecashflowconversionperformanceexceededthemaximumlevel.Therefore,theportionofthefiscal2018PSUsthatcouldbeearnedbasedonthismetricvestedandpaidoutat200%oftargetvalue,aftercertificationbytheCommittee.

Seealsothe“OutstandingEquityAwardsatFiscal2020Year-End”tableforinformationregardingoutstandingequityawardsandtheperformanceofthefiscal2019andfiscal2020PSUsasoftheendoffiscal2020.TheperformanceperiodsfortheseawardswerenotadjustedinconnectionwiththefiscalyearchangeandwillcontinuetoendonMarch31,2021,andMarch31,2022,respectively.

Stock Ownership Requirements for Executive Officers.The Committee has adopted stock ownership guidelines for our executive officers,includingtheNamedExecutiveOfficers,toaligntheirinterestswiththelong-terminterestsofourstockholdersandtoencouragesignificantlevelsofstockownership.Theguidelinesareexpressedasamultipleofanexecutive’sbasesalary.TheguidelinesrequiretheCEOtoownRexnordstockwithamarketvalueequaltosixtimeshisbasesalaryandrequiretheexecutiveofficersotherthantheCEOtoownthreetimestheirbasesalarywithinaspecifiedfive-yearwindow.Sharesowned,performancesharesonceearnedandvestedin-the-moneystockoptionsareincludedindeterminingtheexecutives’levelofownership.AsoftheRecordDate,eightofourexecutiveofficers,includingtheCEO,hadmetthestockownershipguidelines,andtheCompanybelievesthatalloftheexecutiveswillhavemettheirstockownershipguidelineswithinthespecifiedfive-yearwindow.

Clawback Policy.PursuanttotheCompany’sExecutiveCompensationClawbackPolicy,iftheCompanyisrequiredtorestateitsfinancialresultsasa result of material non-compliancewith financial reporting requirements, the Committee will review cash incentive compensation and equity-basedcompensation (“Incentive Compensation”) that was paid to the Company’s current and former executive officers based on the achievement of specificcorporatefinancialgoalsduringtheperiodoftherestatement.IfanyIncentiveCompensationwouldhavebeenlowerhaditbeencalculatedbasedontheCompany’srestatedfinancialresults,theCommitteemay,asandtotheextentitdeemsappropriate,recoveralloranyportionofIncentiveCompensationpaidinexcessofwhatwouldhavebeenpaidbasedontherestatedfinancialresults.TheCommitteemayseektherecoveryofIncentiveCompensationforuptothreeyearsprecedingthedateonwhich

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theCompanyisrequiredtorestateitsfinancialresults.Inaddition,theCompanymaytakesuchotherdisciplinaryaction,includingunderotherCompanypolicies,againstanyexecutiveofficerwhosemisconductledtotherestatementasitdeemsnecessaryandappropriate,includingterminationofemploymentand/orappropriatelegalaction.

ThispolicyappliesinadditiontoanyrightofrecoupmentagainsttheCompany’sChiefExecutiveOfficerandChiefFinancialOfficerpursuanttotheSarbanes-OxleyActof2002.Thepolicydoesnotapplyinanysituationwherearestatementisnottheresultofmaterialnon-compliancewithfinancialreporting requirements, such as any restatement due to a change in applicable accounting rules, standards or interpretations, a change in segmentdesignationsorthediscontinuanceofanoperation.

Anti-Hedging and Anti-Pledging Policies. The Company’s Insider Trading Policy expressly prohibits directors, officers and employees fromengaginginanyhedgingormonetizationtransactionsthataredesignedtohedgeagainstadecreaseinthepriceoftheCompany’scommonsecurities,suchaszero-costcollars and forward sale contracts. Further, the Insider Trading Policy prohibits directors, officers and employees from holding Companysecuritiesinamarginaccount,pledgingCompanysecuritiesascollateralforaloanortakingoutloansagainst401(k)PlanbalancesinvestedintheRexnordStockFund.

Employment-related Agreements; Severance and Change in Control Arrangements; Other Benefits upon Termination.Historically, theCompanygenerallyhasnotenteredintoemploymentagreementswithits domesticemployees, includingwithits executiveofficersintheUnitedStates,because the Company believed that management and executives should be treated similarly to other employees and should be subject to at-willemployment. Instead,theCompanyhademploymentofferletterstosetforththeinitial termsandconditionsofemployment, butgenerallythosedidnothave continuing obligations. However, the Company has, from time to time, entered into employment agreements or letter agreements related toemploymentarrangements,includingwithitsChiefExecutiveOfficerandinconnectionwithacquisitionsorsignificanttransactions,inordertoretainkeyindividuals.TheCompanyenteredintoanewletteragreementwithMr.AdamsregardinghiscontinuingemploymentonDecember13,2018,toreplacehisformeremploymentagreement.

Toprovidefor uniformtreatment of our executive officers, the Companyhas anExecutive Changein Control PlanandanExecutive SeverancePlan,bothofwhichapplytoallexecutiveofficers(includingtheCEO)andcertainotherkeyemployees.Mr.Adamsiscoveredbytheseplans,althoughatsomewhathigherbenefit levels thanotherparticipants. TheCommitteeperiodically reviewsthesebenefits tohelpassurethat theyremainat appropriatelevels.TheExecutiveChangeinControlPlanprovidespotentialbenefitsthataregenerallyconsistentwithbenefitsthatwouldhavebeenprovidedunderpriorexecutivearrangements,withcertainadjustments,includingtheremovaloftheannualtargetbonusfromthedeterminationoftheamountofseverancepayments andtheremoval of therights to receive anyprior year unpaidbonusandto receive apro-ratedannual bonusfor theyear of termination. TheExecutiveSeverancePlanformalizestheCompany’spracticesintheeventofaterminationofanexecutiveofficerwithoutcauseotherthaninconnectionwithachangeincontroltransactionandsetsuniformbenefitslevels,whereastheCompany’sgeneralseverancepracticestypicallyvarybasedonyearsofservice.

TheCommitteebelievesitisimportanttohaveemployment-relatedletteragreements,andchangeincontrolandseverancearrangements,tohelpassuretheCompanyofthecontinuingavailabilityoftheNamedExecutiveOfficers’andotherkeyemployees’servicesoveraperiodoftimeandtoprotecttheCompanyfromcompetitionpost-employment,aswellastohelpassurethatthoseindividualswillnotbedistractedbypersonalinterestsinthecaseofapotential acquisition of Rexnordandto maintain their continuing loyalty to the Company. Thechange in control provisions in the Executive ChangeinControlPlanutilizea“doubletrigger”beforebenefitsarepayablebecausetheCommitteedidnotbelieveitwasappropriatetoprovidebenefitssimplyuponthechangeincontrolifemploymentisnotaffected.

FormoreinformationregardingtheletteragreementwithourCEO,theExecutiveChangeinControlPlanandtheExecutiveSeverancePlan,see“ExecutiveCompensation—Employment-RelatedAgreementsandPotentialPaymentsuponTerminationorChangeinControl”below.

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In addition, for all officers and employees, including the Named Executive Officers, outstanding unvested equity awards granted under thePerformanceIncentivePlanhavea“doubletrigger”anddonotimmediatelyvestonaliquidityevent,suchastheCompanybeingacquired,unlesscertainotherconditions,suchasalossofemployment,aremet.

Retirement Benefits.Each of our Named Executive Officers participates in qualified defined contribution retirement plans maintained by theCompanyonsubstantiallythesametermsasotherparticipatingemployees.Mr.WehralsoparticipatesinthelegacyRexnordNon-UnionPensionPlan(the“PensionPlan”); however, noneof the other NamedExecutive Officers participate in anyqualified or nonqualified definedbenefit pensionplans of theCompanybecauseparticipationinthePensionPlanwasclosedtonewemployeespriortotheirrespectivehiredates.

BenefitpaymentsunderthePensionPlanaregenerallybasedonaverageannualcompensation—includingovertimepayandcertainotherformsofcompensationreportableaswagestaxableforfederalincometaxpurposes,butexcludingseverancepayments,amountsattributabletoourequityplansandanytaxablefringebenefitsforthefiveconsecutiveyearswithinthelast10consecutiveyearsprecedingterminationofemploymentthatproducethehighestaverage.Benefitsaregenerallypayableasalifeannuityforunmarriedparticipantsandona50%jointandsurvivorbasisformarriedparticipants.Thefullretirementbenefitispayabletoparticipantswhoretireonorafterage65,andareducedearlyretirementbenefitisavailabletoparticipantswhoretireonorafterage55with10yearsofservice.Nooffsetsaremadeforthevalueofanysocialsecuritybenefitsearned.BenefitsunderthePensionPlanarefrozenexcept that former participants in one prior plan who were at least age 40 on December 31, 2009, including Mr. Wehr, continue to have additionalcompensationtakenintoaccountandwillreceivebenefitsbasedonthefiveconsecutiveyearswithinthefinal10consecutiveyearsprecedingterminationofemploymentthatproducethehighestaverageannualcompensation.

Nonqualified Deferred Compensation.TheRexnordCorporationDeferredCompensationPlan(the“DeferredPlan”) isintendedtofurtherenhanceexecutive officers’ and other participants’ ability to defer compensation to permit long-term savings. Pursuant to the Deferred Plan, officers of theCompany, including the Named Executive Officers, and other employees selected by the Compensation Committee for participation (“EligibleParticipants”)mayelecttodeferpaymentofupto75%oftheirbasesalary,annualcashincentivebonusandhiringbonus.UndertheDeferredPlan,theCompanymakesmatchingcontributionsequalto50%ofthefirst8%ofbasesalaryorbonusthateachEligibleParticipantdefersundertheDeferredPlan,withtheamountoftheCompanymatchbeingcappedat4%ofanEligibleParticipant’sbasesalary.Inaddition,underthePlan,eachEligibleParticipantiseligibletoreceiveapersonalretirementaccount(“PRA”)contributionfromtheCompanyforcompensationthatisabovethecompensationlimitsetforthinInternal RevenueCodeSection 401(a)(17). PRAcontributions, if any, are made at the Company’s discretion each quarter andrange from0%to 3%ofcompensation.CompanycontributionscreditedtoanEligibleParticipant’saccountwillbevestedonceheorshehasbeenanEligibleParticipantforthreeyears.

EligibleParticipantsmaydirectthemannerinwhichamountscreditedtotheiraccountsaredeemedinvestedbychoosingfromamonginvestmentalternativesthatgenerallyparallelthoseofferedundertheCompany’s401(k)Plan(exceptthattheRexnordStockFundandanycollectiveinvestmenttrustsarenotofferedundertheDeferredPlan).DeemedearningsandlossesareperiodicallycreditedtoEligibleParticipants’accountsbasedontheinvestmentexperienceoftheirdeemedinvestments.EachEligibleParticipantmayelecttohavedeferredamounts(asadjustedtoreflectdeemedearningsexperience)distributedaftertheEligibleParticipant’sseparationfromserviceintheformofalumpsumpaymentorinannualinstallmentpaymentsoveraperiodof5or 10 years, with certain exceptions for separation fromservice prior to the attainment of age 60 or upon death. In any event, payments triggered by aseparationfromservicegenerallywillbedelayedforsixmonthsfollowingsuchseparationasrequiredunderInternalRevenueCodeSection409A.UponthedeathofanEligibleParticipantorachangeincontroloftheCompany,anEligibleParticipant’sremainingaccountbalancewillbedistributedinalumpsum.

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Other Personal Benefits.The Company and its subsidiaries provide executive officers with personal benefits, such as reimbursement of travelexpenses,automobile-relatedbenefits,clubdues,estate,taxandfinancialplanningassistance(inthecaseoffinancialplanningassistance,eitherpaidforbytheCompanyorreimbursedupto$15,000peryear)andmoving,relocationandtemporaryhousingexpensesandreimbursements,whenappropriate,allofwhich the Company believes are reasonable, competitive and consistent with its overall compensation program. In that regard, the Committee hasperiodicallyreviewedthebenefitsprovidedtotheNamedExecutiveOfficers. Inparticular, duringfiscal2020,benefitstotheNamedExecutiveOfficersincluded,varyingontheparticularexecutiveofficer,clubdues,estateandfinancialplanningassistance,andanautomobileallowanceorparticipationinanautomobileleasingprogram.

Tax Considerations.Prior to Tax Reform, Section 162(m) of the Internal Revenue Code limited the deductibility of compensation in excess of$1.0millionduringafiscalyeartocertainexecutiveofficersofpubliclyheldcompanies.Exceptionsweremadefor,amongotherthings,performance-basedcompensationpursuanttoplansapprovedbystockholders.StockoptionsandPSUsareincludedinawardsthatmaybeperformance-basedcompensation,asareperformance-basedcashincentivesunderthePerformanceIncentivePlanandtheCompany’sMICPprogram.AppropriateapprovalsofthePerformanceIncentivePlan(aswell asits predecessor) andtheMICPwereobtainedtoqualifyforanexceptionfromSection162(m)foranystockoptions, PSUsorperformance-basedcashincentivesawardedundertheplans.AsaresultofTaxReform,theperformance-basedcompensationexception,whichpermitteddeductibility for certain compensation over $1.0million, wasgenerally eliminated prospectively, subject to transitional provisions for compensationandgrantsawardedpriortoNovember2017.

WhiletheCommitteeintendstobemindfulofboththeeffectsofthereductionoftaxdeductibilityandtheneedfortheCompanytocontinuetooffercompetitive compensation notwithstanding Tax Reform, the Committee also expects to continue to include compensation keyed to the Company’spay-for-performancephilosophy as a significant portion of executive compensation. During the transition period, the Committee anticipates takingappropriate action to attempt to preserve the deductibility for past awards to the extent reasonably possible and as permitted by transitional provisions.AlthoughtheCommitteemayfromtimetotimedeterminethatcompensationabovetheSection162(m)thresholdisappropriateincertaincircumstances(suchas CEOcompensation, compensationrelatedto thehiringof a newexecutive or compensationfor strongperformance), theCommittee expects tocontinuetobemindfuloftheselimitationsandtransitionalcompliancewithSection162(m)asappropriate.

Compensation Committee Interlocks and Insider Participation

NoneofthemembersofourCompensationCommitteeduringfiscal2020wasacurrentorformeremployeeoftheCompany,norwerethereanytransactionsorrelationshipsinvolvingmembersoftheCompensationCommitteethatrequireddisclosureunderSECrules.

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COMPENSATION COMMITTEE REPORT

ThedutiesandresponsibilitiesoftheCompensationCommitteeoftheboardofdirectorsaredescribedaboveunder“CorporateGovernance—BoardCommittees—CompensationCommittee”andaresetforthinawrittencharteradoptedbytheboard.ThecharterisavailableontheCompany’swebsite.TheCommitteereviewsandreassessesthischarterannuallyandrecommendsanychangestotheboardforapproval.

Aspartofitsduties,theCommitteehasreviewedanddiscussedwithmanagementtheabove“CompensationDiscussionandAnalysis.”Baseduponthis review and discussion, the Committee recommended to the Company’s board of directors that the “Compensation Discussion and Analysis” beincorporatedbyreferenceintheCompany’sAnnualReportonForm10-KandbeincludedinthisProxyStatement.

MembersoftheCompensationCommitteeatthetimeofthefilingoftheAnnualReportonForm10-Kandwhoapprovedthisreport:

ThomasD.Christopoul(Chair)PaulW.JonesDavidC.LongrenRobinA.Walker-Lee

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EXECUTIVE COMPENSATION

Summary Compensation Table

The following table presents information about the compensation of our CEO, our CFO and the three executive officers who had the highestcompensationofourotherexecutiveofficers(collectively,our“NamedExecutiveOfficers”).

Name Year Salary ($) (1)

Bonus ($) (2)

Stock Awards ($) (3)

Option Awards ($) (3)

Non-Equity Incentive PlanCompensation

($) (4)

Change in Pension Value

and Nonqualified

Deferred CompensationEarnings (5)

All Other Compensation

($) (6) Total ($)(a) (b) (c) (d) (e) (f) (g) (h) (i) (j)ToddA.Adams 2020 $998,846 — $4,200,003 — $1,648,828 — $ 85,157 $6,932,834

PresidentandChief 2019 960,385 — 2,887,501 $ 962,501 1,737,000 $73,552 152,395 6,773,334ExecutiveOfficer 2018 929,615 — 1,750,008 1,750,005 1,499,798 45,222 118,089 6,092,737

MarkW.Peterson 2020 520,385 — 1,075,018 — 520,931 — 49,281 2,165,615SeniorVicePresidentand 2019 491,923 — 731,269 243,736 525,690 7,904 60,067 2,060,589ChiefFinancialOfficer 2018 469,615 — 474,999 475,000 437,528 2,156 49,599 1,908,897

KevinJ.Zaba 2020 497,692 — 910,018 — 395,250 — 66,240 1,869,200GroupExecutive,President– 2019 481,923 — 637,517 212,488 411,038 15,871 76,036 1,834,873Process&MotionControl 2018 459,615 — 400,005 400,002 412,181 12,929 37,330 1,722,062

GeorgeJ.Powers 2020 407,154 — 505,015 — 255,093 — 54,966 1,222,228ChiefHumanResources 2019 395,154 — 375,007 124,995 277,741 10,737 72,917 1,256,551Officer 2018 381,923 — 237,499 237,500 267,123 10,680 51,636 1,186,361

CraigG.Wehr 2020 415,385 — 450,015 — 341,250 89,036 52,437 1,348,123GroupExecutive,President–Zurn(7)

(1) Salaryreflectsamountsactuallypaidduringthefiscalyear.AnyamountsdeferredundertheRexnordCorporationDeferredCompensationPlanare

alsoincludedinthe“ExecutiveContributionsinLastFiscalYear”columnofthe“NonqualifiedDeferredCompensation”tablebelow.(2) Theamountsincolumn(d)includeonlybonuspaymentsmadeoutsideofourannualMICPorguaranteedpaymentsthereunderinexcessofamounts

otherwiseearned.PaymentsundertheMICParesetforthincolumn(g),“Non-EquityIncentivePlanCompensation.”(3) Theamountsincolumns(e)and(f)reflectthegrantdatefairvaluecomputedinaccordancewithASC718forequityawardsunderthePerformance

Incentive Plan made in each year. ASC 718 requires the Company to recognize compensation expense for stock options and other stock-relatedawardsgrantedtoouremployeesbasedontheestimatedfairvalueoftheequityinstrumentatthetimeofgrant.Foradiscussionoftheassumptionsandmethodologiesusedtocalculatetheamountsreportedinthiscolumn,pleaseseethediscussionofequityawardscontainedinNote15—Stock-BasedCompensationtoourauditedconsolidatedfinancialstatementsincludedinourAnnualReportonForm10-Kforfiscal2020.

EquitygrantstotheNamedExecutiveOfficersconsistedof:PSUsandRSUsinfiscal2020;PSUs,RSUsandstockoptionsinfiscal2019;andPSUsand stock options in fiscal 2018. The fiscal 2020 and 2019 grants of PSUs vest based on goals related to ROIC and absolute free cash flowconversion.Thefiscal2018grantsofPSUsvestedbasedontherelativeTSRoftheCompany’scommonstockascomparedtocompaniesintheS&P1500IndustrialsSectorIndexandongoalsrelatedtoabsolutefreecashflowconversion.PSUsarereportedincolumn(e),“StockAwards,”attarget;participants can earn twice the number of PSUs granted for performance at maximum. The value of the fiscal 2020 PSUs at the maximumperformance level would be as follows for each individual who was a Named Executive Officer for fiscal 2020: Mr. Adams—$5,040,000;Mr. Peterson—$1,290,000; Mr. Zaba—$1,092,000; Mr. Powers—$606,000; and Mr. Wehr—$540,000. The value of the fiscal 2019 PSUs at themaximumperformancelevelwouldbeasfollowsforeachindividualwhowasaNamedExecutiveOfficerforfiscal2019:Mr.Adams—$3,850,000;

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Mr.Peterson—$975,000;Mr.Zaba—$850,000;andMr.Powers—$500,000.Thevalueofthefiscal2018PSUsatthemaximumperformancelevelwould be as followsfor each individual whowas a NamedExecutive Officer for fiscal 2018: Mr. Adams—$3,500,016; Mr. Peterson—$950,000;Mr.Zaba—$800,010;andMr.Powers—$474,998.GrantsofRSUsandstockoptionsarenotsubjecttoperformanceconditions.

Thethree-year performanceperiodforthefiscal 2018PSUsconcludedat theendoffiscal 2020.ThePSUsvestedandpaidout at 180%oftargetvalue after certification by the Compensation Committee, as discussed above in “Compensation Discussion and Analysis—Fiscal 2020 ExecutiveCompensationComponentsandDeterminations—Long-TermEquityIncentiveAwards.”

Pleasealsoseethe“GrantsofPlan-BasedAwardsinFiscal2020”tableforfurtherinformationaboutequityawardsgrantedinfiscal2020,andthe“OutstandingEquityAwardsatFiscal2020Year-End”tableforinformationregardingalloutstandingequityawardsattheendoffiscal2020.

(4) Theamountsincolumn(g)representtheamountpayableascashincentiveawardsundertheCompany’sMICPtotheNamedExecutiveOfficersfor

therespectivefiscalyear’sperformance.AnyamountsdeferredundertheRexnordCorporationDeferredCompensationPlanarealsoincludedinthe“ExecutiveContributionsinLastFiscalYear”columnofthe“NonqualifiedDeferredCompensation”tablebelow.

(5) The amount in column (h) represents earnings on thenon-qualifiedDeferred Compensation Plan in those fiscal years for each Named Executive

Officer. Mr. Wehr is the only Named Executive Officer who participates in the Rexnord Pension Plan; as a result, for Mr. Wehr, the amount incolumn(h)alsoincludestheincreaseintheactuarialpresentvalueofpensionbenefitsundertheRexnordPensionPlanbetweenfiscalyears.Infiscal2020, these amounts were negative for the following Named Executive Officers: Mr. Adams—$(227,573); Mr. Peterson—$(4,914); Mr. Zaba—$(16,739);andMr.Powers—$(43,288).InaccordancewithSECrulesandrelatedguidance,sincetheseamountswerenegativeforfiscal2020,theamounts reported above for 2020 are $0 for each Named Executive Officer listed in the preceding sentence. See the “Pension Benefits” and“NonqualifiedDeferredCompensation”tablesbelowforfurtherdiscussionregardingthePensionPlanandtheDeferredCompensationPlan.

(6) Theamountsincolumn(i)forfiscal2020includetheitemslistedinthetablebelow.

Name Year

401(k) Matching

Contribution ($)

Deferred Compensation

PlanCompany

Contribution ($)

Automobile Allowance

and Related Expenses

($)

Estateand

FinancialPlanning

($) Club Dues

($) Total

($)ToddA.Adams 2020 $10,576 $39,585 $ 5,100 $17,285 $12,612 $85,157

MarkW.Peterson 2020 9,777 20,538 3,570 15,000 395 49,281

KevinJ.Zaba 2020 10,146 19,769 8,024 15,000 13,300 66,240

GeorgeJ.Powers 2020 9,583 16,175 14,208 15,000 — 54,966

CraigG.Wehr 2020 9,777 16,338 7,058 15,000 4,264 52,437(7) Mr. Wehr has been the Group Executive, President—Zurn since 2013, and was last a Named Executive Officer based on his fiscal 2017

compensation.However,sinceMr.WehrwasnotaNamedExecutiveOfficerbasedonhisfiscal2019and2018compensation,inaccordancewithSECrules,informationforthosefiscalyearsisnotrequiredtobepresented.

* * *

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Narrative to Summary Compensation Table

The “Summary Compensation Table” above quantifies the value of the different forms of compensation earned by or awarded to our NamedExecutiveOfficersinthespecifiedfiscalyears.TheprimaryelementsofeachNamedExecutiveOfficer’stotalcompensationreportedinthetablearebasesalary, long-term equity incentives consisting of PSUs, RSUs and stock options, cash incentive compensation and accrued benefits under Companyretirementplans.NamedExecutiveOfficersalsoearnedorwerepaidtheotherbenefitslistedinColumn(i)ofthe“SummaryCompensationTable.”

The“SummaryCompensationTable”shouldbereadinconjunctionwiththetablesandnarrativedescriptionsthatfollow,aswellasthepreceding“CompensationDiscussionandAnalysis”section. The“GrantsofPlan-BasedAwardsinFiscal 2020”table, andthedescriptionofthematerial termsofequityawardsthatfollowsit,provideinformationregardingthelong-termequityincentivesawardedtoourNamedExecutiveOfficersinfiscal2020.The“Outstanding Equity Awards at Fiscal 2020Year-End”table provides further information regarding the Named Executive Officers’ potential realizablevaluewithrespecttotheiroutstandingequityawards.The“NonqualifiedDeferredCompensationPlan”tableprovidesinformationregardingcontributionsandyear-endbalances in the Company’s Deferred Compensation Plan. Thediscussionunder “Employment-Related Agreements andPotential PaymentsuponTerminationorChangeinControl”belowisintendedtofurtherexplainpotential futurepaymentsthat are, ormaybecome,payabletoourNamedExecutiveOfficersundercertaincircumstances.

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Grants of Plan-Based Awards in Fiscal 2020

Thefollowingtable presents information about grants of plan-basedawards madeto our NamedExecutive Officers duringthe fiscal year endedMarch31,2020.

Grant Date

Estimated Future Payouts Under Non-Equity Incentive Plan Awards (1)

Estimated Future Payouts Under Equity Incentive Plan Awards

All Other Stock

Awards: Number ofShares of Stock or Units (#)

All Other Option

Awards: Number of Securities Underlying

Options (#)

Exerciseof Base Price of Option Awards

($)

Grant Date Fair Value of Stock & Option Awards (5) ($) Name

Award Type

Threshold(2) ($)

Target (3) ($)

Maximum(4) ($)

Threshold(#)

Target(#)

Maximum(#)

(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) ToddA.Adams MICP 06/01/2019 $ 628,125 $1,256,250 $2,512,500 — — — — — — —

PSUs(6) 05/13/2019 — — — 45,818 91,636 183,272 — — — $2,520,000RSUs(7) 05/13/2019 — — — — — — 61,091 — — 1,680,003

MarkW.Peterson MICP 06/01/2019 196,875 393,750 1,312,500 — — — — — — — PSUs(6) 05/13/2019 — — — 11,728 23,455 46,910 — — — 645,000RSUs(7) 05/13/2019 — — — — — — 15,637 — — 430,018

KevinJ.Zaba MICP 06/01/2019 187,500 375,000 1,250,000 — — — — — — — PSUs(6) 05/13/2019 — — — 9,928 19,855 39,710 — — — 546,000RSUs(7) 05/13/2019 — — — — — — 13,237 — — 364,018

GeorgeJ.Powers MICP 06/01/2019 112,475 224,950 1,022,500 — — — — — — — PSUs(6) 05/13/2019 — — — 5,509 11,018 22,036 — — — 303,000RSUs(7) 05/13/2019 — — — — — — 7,346 — — 202,015

CraigG.Wehr MICP 06/01/2019 136,500 273,000 1,050,000 — — — — — — — PSUs(6) 05/13/2019 — — — 4,909 9,818 19,636 — — — 270,000RSUs(7) 05/13/2019 — — — — — — 6,546 — — 180,015

(1) AmountsreflecttargetcashincentiveawardsundertheMICPforthe2019fiscalyearforeachNamedExecutiveOfficer.Actualamountspaidunder

theMICPforfiscal2019areincludedinthe“Non-EquityIncentivePlanCompensation”columninthe“SummaryCompensationTable”above.(2) ThereisnominimumamountpayableundertheMICP.Unlessthereisaspecificguarantyarrangementwithaparticularofficer(nonearecurrentlyin

place),nopayoutisearnedifeither(i)theCompanyortherespectivebusiness,asthecasemaybe,failstoachievethespecifiedperformancemetrics(whicharediscussedin“CompensationDiscussionandAnalysis—Fiscal2020ExecutiveCompensationComponentsandDeterminations—AnnualPerformance-BasedAwards”above)or(ii)ifanindividualreceivesazeroachievementonhispersonalperformancemultiplier.TheThresholdpayoutamountis50%oftheTargetamount,andtheamountshownincolumn(c)representstheamountpayableundertheMICPif90%oftheapplicableperformance targets are met and a 1.0 personal performance multiplier is applied. For each percentage point by which the applicable metrics aremissed,thepotentialbonusisreducedby5percentagepoints;nobonusispaidiftheCompany(orrespectivebusiness)failstoreachatleast90%oftheapplicablemetrics;however,abonusispaidifatleast90%ofanyoftheapplicablefinancialmetricsismet.

For executive officers, the personal performance multiplier is between zero and 1.5, with 1.5 as the base point and the Compensation Committeeusing“negativediscretion”toreducethemultipliertotheintendedlevelbasedontheexecutiveofficer’sperformance.

(3) Represents theamountpayableundertheMICPif 100%ofthecorporate (or respectivebusiness) metrics are met anda1.0personal performance

multiplierisapplied,assumingeachexecutive’scurrentannualbasesalary,excludinganyadditionaldiscretionarybonusthatcouldbepaidundertheplan.Apersonalperformancemultiplierof1.0denoteson-targetachievementofgoals.

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(4) ForeachpercentagepointaboveTarget,thepotentialbonusisincreasedincrementally,inanamountequalto2.5percentagepointsforeachofthefirst10percentagepointsovertheTargetand,thereafter,by5percentagepointsforeachpercentagepointover110%oftheTarget.Forfiscal2020,the Committee set a limit of 250% of base salary on the maximum incentive opportunity with respect to the corporate (or respective business)financial performance-based portion of the incentive formula under the MICP for Mr. Adams and the other Named Executive Officers. TheCommitteebelievesthatsuchacapisappropriateforapubliccompany,butthatthecapisatasufficientlyhighlevelsoastocontinuetoencourageparticularlystrongperformance.

(5) ThisamountrepresentsthegrantdatefairvalueoftheequityawardscalculatedinaccordancewithASC718.Seealsothediscussionofequityawards

containedinNote15—Stock-BasedCompensationtoourauditedconsolidatedfinancialstatementsincludedinourAnnualReportonForm10-Kforfiscal2020.

(6) VestingofthePSUsisdependentongoalsrelatedtoabsolutefreecashflowconversionandROICduringthethree-yearperformanceperiod(fiscal

2020-fiscal2022).ThePSUshave100%cliffvestingafterthreeyears,assumingcontinuedemployment,andcanbeearnedatlevelsbetween0%and200%based on the satisfaction of the performance conditions. For more information regarding the PSUs, see “Narrative to Grants of Plan-BasedAwardsTable”below.

(7) TheRSUsvestinthreeequalannualinstallmentsbeginningonthefirstanniversaryofthegrantdate,assumingcontinuedemployment.

* * *

Narrative to Grants of Plan-Based Awards Table

As described under “Compensation Discussion and Analysis—2020 Executive Compensation Components and Determinations—AnnualPerformance-BasedAwards,”theMICPprovidesforcashincentiveawardsbasedonspecifiedcriteria.FortheNamedExecutiveOfficers,thegoalswerebased on: the achievement of personal goals, referred to as AIPs, and the achievement of minimumannual Company or a specific business’s financialperformancetargets.

ThePerformanceIncentivePlanisintendedtoprovideperformanceincentivestoourofficers,employees,directorsandcertainothersbypermittinggrants of equity awards and performance-based cash awards to such persons, to encourage themto maximize our performance and create value for ourstockholders.VestingofthePSUsisdependentongoalsrelatedtoabsolutefreecashflowconversionandROICduringthethree-yearperformanceperiod.Theawardsdonotvestandareforfeitedifspecifiedperformancelevelsarenotachieved.Forperformanceatthethresholdlevel,50%ofthePSUsmaybeearned,andforperformanceabovethetargetlevel,recipientsmayearnuptotwicethetargetnumberofPSUs.ThePSUshave100%cliffvestingafterthreeyears, assumingcontinuedemployment. TheRSUsvest inthreeequalannualinstallments beginningonthefirst anniversaryofthegrantdate, assumingcontinuedemployment.See“CompensationDiscussionandAnalysis—Fiscal2020ExecutiveCompensationComponentsandDeterminations—Long-TermEquityIncentiveAwards”aboveformoreinformationregardingthePerformanceIncentivePlan,aswellasequitygrantsmadetoourexecutiveofficersunderthatplan.

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Outstanding Equity Awards at Fiscal 2020 Year-End

ThefollowingtablepresentsinformationaboutRexnordstockandoptionawardsheldbyourNamedExecutiveOfficersthatwereoutstandingatMarch31,2020. Option Awards Stock Awards

Name Grant Date

Number of Securities

Underlying UnexercisedOptions (#) Exercisable

(1)

Number of Securities

Underlying Unexercised Options (#)

Unexercisable(1)

Option Exercise

Price ($)

Option Expiration

Date (2)

Number ofShares

or Units of Stock

That HaveNot

Vested (#)

MarketValue of Shares

or Units That HaveNot

Vested ($)(3)

Equity Incentive

Plan Awards:

Number ofUnearned

Shares, Units

or Other Rights That HaveNot

Vested (#)

Equity Incentive

Plan Awards:

Market or Payout Value

of Unearned

Shares, Unitsor Other Rights

That HaveNot

Vested ($)(3) (a) (b) (c) (d) (e) (f) (g) (h) (i) ToddA.Adams 03/29/2012 937,000 — $ 18.00 03/29/2022 — — — —

05/20/2016 1,092,044 — 19.70 05/20/2026 — — — — 05/25/2018(4) 30,268 60,534 28.91 05/25/2028 — — — — 05/19/2017(5) — — — — — — 120,460 $2,730,82805/25/2018(6) — — — — — — 133,172 3,019,00905/13/2019(7) — — — — — — 183,272 4,154,77605/25/2018(8) — — — — 22,195 $503,161 — — 05/13/2019(8) — — — — 61,091 1,384,933 — —

MarkW.Peterson 05/22/2015 75,574 — 25.77 05/22/2025 — — — — 05/20/2016 98,284 — 19.70 05/20/2026 — — — — 05/19/2017(4) 39,095 19,547 23.13 05/19/2027 — — — — 05/25/2018(4) 7,665 15,329 28.91 05/25/2028 — — — — 05/19/2017(5) — — — — — — 32,696 741,21805/25/2018(6) — — — — — — 33,726 764,56805/13/2019(7) — — — — — — 46,910 1,063,45005/25/2018(8) — — — — 5,621 127,428 — — 05/13/2019(8) — — — — 15,637 354,491 — —

KevinJ.Zaba 07/31/2014 71,228 — 26.91 07/31/2024 — — — — 05/22/2015 33,063 — 25.77 05/22/2025 — — — — 05/20/2016 81,904 — 19.70 05/20/2026 — — — — 05/19/2017(4) 32,922 16,461 23.13 05/19/2027 — — — — 05/25/2018(4) 6,682 13,364 28.91 05/25/2028 — — — — 05/19/2017(5) — — — — — — 27,534 624,19605/25/2018(6) — — — — — — 29,402 666,54305/13/2019(7) — — — — — — 39,710 900,22605/25/2018(8) — — — — 4,900 111,083 — — 05/13/2019(8) — — — — 13,237 300,083 — —

GeorgeJ.Powers 05/22/2015 28,340 — 25.77 05/22/2025 — — — — 05/20/2016 49,142 — 19.70 05/20/2026 — — — — 05/19/2017(4) 19,548 9,773 23.13 05/19/2027 — — — — 05/25/2018(4) 3,931 7,861 28.91 05/25/2028 — — — — 05/19/2017(5) — — — — — — 16,348 370,60905/25/2018(6) — — — — — — 17,296 392,10005/13/2019(7) — — — — — — 22,036 499,55605/25/2018(8) — — — — 2,882 65,335 — — 05/13/2019(8) — — — — 7,346 166,534 — —

CraigG.Wehr 05/23/2013 45,000 — 19.00 05/23/2023 — — — — 09/03/2014 27,100 — 29.31 09/03/2024 — — — — 05/22/2015 30,702 — 25.77 05/22/2025 — — — — 05/20/2016 46,412 — 19.70 05/20/2026 — — — — 05/19/2017(4) 13,375 6,687 23.13 05/19/2027 — — — — 05/25/2018(4) 2,555 5,109 28.91 05/25/2028 — — — — 05/19/2017(5) — — — — — — 11,186 253,58705/25/2018(6) — — — — — — 11,242 254,85605/13/2019(7) — — — — — — 19,636 445,14805/25/2018(8) — — — — 1,874 42,484 — — 05/13/2019(8) — — — — 6,546 148,398 — —

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(1) AllequitygrantslistedweremadeunderthePerformanceIncentivePlan.(2) Theoptionexpirationdateshownincolumn(e)aboveisthestatedexpirationdate,andthelatestdatethattheoptionsmaybeexercised.Theoptions

mayterminateearlieruponaterminationofemploymentorinconnectionwithachangeincontroloftheCompany.(3) The market value of the PSUs and RSUs reported above is based on the $22.67 per share closing price of our common stock on the NYSE on

March31,2020.(4) The original option grant vests in three equal annual installments beginning on the first anniversary of the grant date, assuming continued

employment.(5) VestingofthePSUsgrantedinfiscal 2018wasdependentontherelativeTSRoftheCompany’scommonstockascomparedtocompaniesinthe

S&P1500IndustrialsSectorIndexandongoalsrelatedtoabsolutefreecashflowconversionduringthethree-yearperformanceperiod(fiscal2018through fiscal 2020). The value of the award is shown at the actual achievement level for the completed performance period. For additionalinformation regarding the vesting of these awards, see “Compensation Discussion and Analysis—2020 Executive Compensation Components andDeterminations—Long-TermEquityIncentiveAwards”above.

(6) Vesting of the PSUs granted in fiscal 2019 is dependent on goals related to absolute free cash flow conversion and ROIC during the three-year

performance period (fiscal 2019 through March 31, 2021). The value of the award is shown at the maximum achievement level based onperformance-to-dateasoftheendoffiscal2020.

(7) Vesting of the PSUs granted in fiscal 2020 is dependent on goals related to absolute free cash flow conversion and ROIC during the three-year

performance period (fiscal 2020 through March 31, 2022). The value of the award is shown at the maximum achievement level based onperformance-to-dateasoftheendoffiscal2020.

(8) TheoriginalRSUgrantvestsinthreeequalannualinstallmentsbeginningonthefirstanniversaryofthegrantdate,assumingcontinuedemployment.

Narrative to the Outstanding Equity Awards Table

Outstandingequityawardsconsistedofoptions,PSUsandRSUsgrantedunderthePerformanceIncentivePlan.Seealso“CompensationDiscussionandAnalysis—2020ExecutiveCompensationComponentsandDeterminations—Long-TermEquityIncentiveAwards”above.

Awardsgrantedbeginninginfiscal2017underthePerformanceIncentivePlanhavea“doubletrigger”and,therefore,donotprovideforautomaticvestinguponachangeincontrol;unlesstheCompensationCommitteemakesotherarrangements,acceleratedvestingwillonlyoccurintheeventofcertainterminationsofemploymentfollowingachangeincontrol,assetforthintheapplicableplan.

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Option Exercises and Stock Vested in Fiscal 2020

ThefollowingtablesetsforthinformationaboutoptionexercisesandstockawardsgrantedtotheNamedExecutiveOfficersinpriorfiscalyearsthatvestedinfiscal2020. Option Awards Stock Awards

Name

Number of Shares Acquiredon Exercise (#)

Value Realized onExercise ($)(1)

Number of SharesAcquired on Vesting (#)

Value Realized onVesting ($)(2)

(a) (b) (c) (d) (e) ToddA.Adams 666,032 $ 15,853,615 210,349 $ 5,784,603

MarkW.Peterson 244,663 2,601,007 20,744 570,466

KevinJ.Zaba 130,000 874,788 17,394 478,341

GeorgeJ.Powers 88,344 695,267 10,408 286,209

CraigG.Wehr 55,813 875,569 9,404 258,605(1) Thevaluerealizedisbasedonthedifferencebetweentheexercisepriceoftheoptionsandthesalepriceoftheunderlyingsharesonthedateof

exerciseforsharesthatweresold.Forsharesthatwereheldornototherwisesoldupontheexerciseofoptions,thevaluerealizedisbasedonthedifference betweenthe exercise price of the options andthe averageof the highandlowtradingprices of the Company’s commonstockontheNYSEonthedateofexercise.

(2) ThevaluerealizedisbasedontheclosingtradingpriceoftheCompany’scommonstockontheNYSEontheapplicablevestingdateforPSUsand

RSUs.

Pension Benefits

ThefollowingtableprovidesinformationonthebenefitsthatareaccruedunderthelegacyRexnordNon-UnionPensionPlan(the“PensionPlan”)inwhichMr.Wehrparticipates.TheCompany’sotherNamedExecutiveOfficersdidnotparticipateinanyqualifiedornonqualifieddefined-benefitCompanypensionplansasofMarch31,2020.

Name Plan Name

Number of Years of Credited Service

(#)

Present Value of Accumulated

Benefit ($) (1)

Payments During Last

Fiscal Year ($)(a) (b) (c) (d) (e)ToddA.Adams — — — —

MarkW.Peterson — — — —

KevinJ.Zaba — — — —

GeorgeJ.Powers — — — —

CraigG.Wehr(2) RexnordNon-UnionPensionPlan 16.4 $ 643,018 —

(1) Theamountincolumn(d)representstheactuarialpresentvalueoftheaccumulatedpensionbenefitunderthePensionPlanasoftheMarch31,2020measurementdateusedforfinancialstatementreportingpurposes.ParticipantsinthePensionPlanareassumedtoretireatage65,theplan’searliestterminationdatewithunreducedbenefits.Foradescriptionofthematerialassumptionsusedtocalculatethepresentvalueofaccumulatedbenefits,please see “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Retirement Benefits” and Note 16—RetirementBenefitstoourauditedconsolidatedfinancialstatementsincludedinourAnnualReportonForm10-Kforfiscal2020.

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(2) Mr.WehrwasaparticipantintheJacuzziBrands,Inc.MasterPensionPlan,whichwasmergedintothePensionPlanin2007inconnectionwiththeCompany’sacquisitionofZurn.Thenumberofyearsofcreditedserviceisnowfrozen,butincludespriorservicewithJacuzziandZurn,aswellastheiraffiliates.

Narrative to Pension Benefits Table

EachofourNamedExecutiveOfficersparticipatesinqualifieddefinedcontributionretirementplansmaintainedbytheCompanyonsubstantiallythe same terms as other participating employees. Mr. Wehr also participates in the Pension Plan; however, the other Named Executive Officers do notparticipateinanyqualifiedornonqualifieddefinedbenefitpensionplansoftheCompanybecauseparticipationinthePensionPlan,andpredecessorplans,wasclosedtonewemployeespriortotheirrespectivehiredates.

BenefitpaymentsunderthePensionPlanaregenerallybasedonaverageannualcompensation–includingovertimepayandcertainotherformsofcompensationreportableaswagestaxableforfederalincometaxpurposes,butexcludingseverancepayments,amountsattributabletoourequityplansandanytaxablefringebenefitsforthefiveconsecutiveyearswithinthelast10consecutiveyearsprecedingterminationofemploymentthatproducethehighestaverage.Benefitsaregenerallypayableasalifeannuityforunmarriedparticipantsandona50%jointandsurvivorbasisformarriedparticipants.Thefullretirementbenefitispayabletoparticipantswhoretireonorafterage65,andareducedearlyretirementbenefitisavailabletoparticipantswhoretireonorafterage55with10yearsofservice.Nooffsetsaremadeforthevalueofanysocialsecuritybenefitsearned.BenefitsunderthePensionPlanarefrozenexcept that former participants in one prior plan who were at least age 40 on December 31, 2009, including Mr. Wehr, continue to have additionalcompensationtakenintoaccountandwillreceivebenefitsbasedonthefiveconsecutiveyearswithinthefinal10consecutiveyearsprecedingterminationofemploymentthatproducethehighestaverageannualcompensation.

Nonqualified Deferred Compensation

Thefollowingtablesetsforthinformationrelatedtothenamedexecutiveofficers’participationintheRexnordCorporationDeferredCompensationPlan(the“DeferredPlan”).

Name

Executive Contributionsin Last Fiscal

Year ($)(1)

Registrant Contributionsin Last Fiscal

Year ($)

Aggregate Earnings (Loss) in

Last Fiscal Year ($)

Aggregate Withdrawals/Distributions

($)

Aggregate Balance at Last FiscalYear End

($)(2) (a) (b) (c) (d) (e) (f) ToddA.Adams $ 273,585 $ 39,585 $(227,573) — $1,205,827

MarkW.Peterson 41,631 20,538 (4,914) — 277,950

KevinJ.Zaba 61,656 19,769 (16,739) — 259,004

GeorgeJ.Powers 32,572 16,175 (43,288) — 193,679

CraigG.Wehr 33,231 16,338 (15,930) — 143,775(1) Theamountsincolumn(b)arereportedinthe“Salary”columnoftheSummaryCompensationTableaboveandtheamountsreportedincolumn(c)

arereportedinthe“AllOtherCompensation”columnoftheSummaryCompensationTableabove.(2) Of the amounts reported in the “Aggregate Balance at Last Fiscal Year End” column, the following amounts were previously reported in the

Summary Compensation Tables in the Company’s Proxy Statements for its prior annual meetings: Mr. Adams—$1,120,231; Mr. Peterson—$220,329;Mr.Zaba—$194,214;Mr.Powers—$188,199;andMr.Wehr—$8,495.

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Narrative to the Nonqualified Deferred Compensation Table

Pursuant to the Deferred Plan, officers of the Company, including the Named Executive Officers, and other employees selected by theCompensationCommitteeforparticipation(“EligibleParticipants”)mayelecttodeferpaymentofupto75%oftheirbasesalaryandannualcashincentivebonus. Under the Deferred Plan, the Company makes matching contributions equal to 50% of the first 8% of base salary or bonus that each EligibleParticipantdefersundertheDeferredPlan,withtheamountoftheCompanymatchbeingcappedat4%ofanEligibleParticipant’sbasesalary.Inaddition,under the Deferred Plan, each Eligible Participant is eligible to receive a personal retirement account (“PRA”) contribution from the Company forcompensation that is above the compensation limit set forth in Internal Revenue Code Section 401(a)(17). PRA contributions, if any, are made at theCompany’sdiscretioneachquarterandrangefrom0%to3%ofcompensation.CompanycontributionscreditedtoanEligibleParticipant’saccountwillbevestedonceheorshehasbeenanEligibleParticipantforthreeyears.

EligibleParticipantsmaydirectthemannerinwhichamountscreditedtotheiraccountsaredeemedinvestedbychoosingfromamonginvestmentalternatives that generally parallel those offered under the Company’s 401(k) Plan (except that the Rexnord Stock Fund, certain other funds and anycollectiveinvestmenttrustsarenotofferedundertheDeferredPlan).DeemedearningsandlossesareperiodicallycreditedtoEligibleParticipants’accountsbased on the investment experience of their deemed investments. Each Eligible Participant may elect to have deferred amounts (as adjusted to reflectdeemedearningsexperience)distributedaftertheEligibleParticipant’sseparationfromserviceintheformofalumpsumpaymentorinannualinstallmentpaymentsoveraperiodof5or10years.IfanEligibleParticipantseparatesfromservicepriortotheattainmentofage60,anydistributionelectionwillbedisregardedandtheEligibleParticipantwillreceivealumpsumdistributionafterhisorherseparationfromservice.Inanyevent,paymentstriggeredbyaseparationfromservicewillbedelayedforsixmonthsfollowingsuchseparationasrequiredunderInternalRevenueCodeSection409A.UponthedeathofanEligibleParticipantorachangeincontroloftheCompany,anEligibleParticipant’sremainingaccountbalancewillbedistributedinalumpsum.

Employment-Related Agreements and Potential Payments upon Termination or Change in Control

Employment-related Letter Agreements, Severance Arrangements and Change in Control Benefits. This section describes certain materialprovisionsofCompanyarrangementsrelatedtoemploymentandpost-employmentcompensation.

OnDecember13,2018,theCompanyenteredintoaletteragreementwithMr.AdamsprovidingforhiscontinuedemploymentwiththeCompany(the“LetterAgreement”).TheLetterAgreementreplacedMr.Adams’formeremploymentagreement(the“FormerEmploymentAgreement”).TheLetterAgreementprovidesforathree-yeartermthroughDecember13,2021,afterwhichitwillautomaticallyrenewforsuccessiveone-yeartermsunless,atleast90dayspriortotheexpirationofthethen-current term,eitherpartyprovidesnoticeofanintenttoterminatetheLetterAgreementuponitsthen-currentexpirationdate.TheothertermsoftheLetterAgreementaresubstantiallysimilartothoseundertheFormerEmploymentAgreement;however,severanceandchangeincontrolbenefits,whichcontinuetoprovideforlongerbenefitsandrestrictionperiodsthanforotherexecutiveofficers,arenowpayableundertheCompany’sExecutiveSeverancePlananditsExecutiveChangeinControlPlan.TheCompanydoesnotcurrentlyhaveemployment-relatedagreementswithanyofitsotherexecutiveofficers.

Toprovidefor uniformtreatment of our executive officers, the Companyhas anExecutive Changein Control PlanandanExecutive SeverancePlan,bothofwhichapplytoallexecutiveofficers(includingtheCEO)andcertainotherkeyemployees.Mr.Adamsiscoveredbytheseplans,althoughatsomewhathigherbenefit levels thanotherparticipants. TheCommitteeperiodically reviewsthesebenefits tohelpassurethat theyremainat appropriatelevels.TheExecutiveChangeinControlPlanprovidespotentialbenefitsuponcertainterminationsthatoccurinconnectionwithachangeincontrolthataregenerallyconsistentwiththebenefitsthatwouldhavebeenprovidedunderthepriorexecutivearrangements,withcertainadjustments.Theseadjustmentsincluded

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removingtheannualtargetbonusfromthedeterminationoftheamountofseverancepaymentsandremovingboththerighttoreceiveanyprioryearunpaidbonusandtherighttoreceiveapro-ratedannualbonusfortheyearoftermination.Infiscal2019,theCompanyfurtherrevisedtheExecutiveChangeinControl Plan to provide that, in the event of a qualifying termination, unvested long-term incentive awards that vest and are earned depending on theattainmentofcertainperformancecriteriawouldvestandbeearnedatthegreaterofthe(i)targetperformancelevelor(ii)actualperformancemeasuredthroughthedateofthequalifyingterminationor,intheeventofaqualifyingterminationpriortoachangeincontrol,thedateofthechangeincontrol.TheExecutive Change in Control Plan previously provided that such awards would vest at the target performance level. The Executive Severance Plan setsuniformbenefitslevelsintheeventofaterminationofanexecutiveofficerwithoutcauseotherthaninconnectionwithachangeincontroltransaction.

Amongotherthings,theagreementsandplansspecifytheeffectsiftheCompanyterminatesaNamedExecutiveOfficerwithoutcause,oraNamedExecutiveOfficerleavestheCompanyforgoodreason,anddeterminesthecompensationpayableuponsuchevents,aswellaspaymentsinconnectionwithachangeincontrol,asfollows:

Termination not for cause and not in connection with a change in control

Pursuant to the Letter Agreement with Mr. Adams and the Executive Severance Plan, in the event the Named Executive Officer is terminatedwithout“cause,”theNamedExecutiveOfficergenerallywillbeentitledtoreceive:

• forMr.Adams,severancepaymentsequaltothesumofhiscurrentbasesalaryplushisannualtargetbonusmultipliedbytwo,payablein

installmentsovera24-monthperiod,aswellasanyunpaidbonusearnedwithrespecttoanyfiscalyearendingonorpriortothedateofterminationandapro-ratedannualbonusforthefiscalyearinwhichtheterminationoccurs;

• fortheotherNamedExecutiveOfficers,severancepaymentsequaltothesumoftheofficer’scurrentbasesalary,payableininstallmentsovera12-monthperiod;

• continued participation, with related employer contributions, in the Company’s medical plans for 12 months (24 months in the case ofMr.Adams);and

• alloftheNamedExecutiveOfficer’sunvestedoptionsandlong-termincentiveawardsgrantedthroughthedateofterminationshallvestorbeforfeited,andanysuchvestedawardsgrantedasstockoptionsshallbeexercisableinaccordancewiththetermsandconditionssetforthinsuchawardsortheplangoverningtheawards(forMr.Adams,vestedoptionswillbeexercisableuntiltheearlierofoneyearfromtheterminationdateortheexpirationoftheoriginalscheduledtermofsuchoptions).

“Cause”generallyincludeseachNamedExecutiveOfficer’s: willfulandcontinuedfailuretoperformhisorherdutiesfollowingopportunitiestocure;convictionof(orpleadingguiltyornocontestto)afelonyoranycrimeinvolvingmoralturpitude;grossmisconductintheperformanceofhisorheremploymentduties;andbreachofanyapplicablerestrictivecovenant.

Termination in connection with a change in control

PursuanttotheLetterAgreementwithMr.AdamsandtheExecutiveChangeinControlPlan,if,within90dayspriortoortwoyearsfollowinga“changeincontrol,”theNamedExecutiveOfficeristerminatedwithoutcauseorresignsfor“goodreason,”theNamedExecutiveOfficergenerallywillbeentitledtoreceive:

• forMr.Adams,severancepaymentsequaltothesumofhiscurrentbasesalaryplushisannualtargetbonusmultipliedbytwo,payableininstallments over an 24-monthperiod (or, in a lump sum if the change in control does not meet certain requirements under InternalRevenue Code Section 409A), as well as any unpaid bonus earned with respect to any fiscal year ending on or prior to the date ofterminationandapro-ratedannualbonusforthefiscalyearinwhichtheterminationoccurs;

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• for the other Named Executive Officers, severance payments equal to the officer’s current base salary multiplied by 1.5, payable in

installments over an 18-monthperiod (or, in a lump sum if the change in control does not meet certain requirements under InternalRevenueCodeSection409A);

• alloftheNamedExecutiveOfficer’sunvestedoptionsandlong-termincentiveawardsgrantedthroughthedateofterminationshallvest,andallvestedoptionsshallbeexercisableuntiltheearlierofoneyearfromtheterminationdateortheexpirationoftheoriginalscheduledtermofsuchoptions;provided,however,thatthelimitsunderthePerformanceIncentivePlanintendedtoreduceoreliminatetheeffectsofInternal Revenue CodeSections 280Gand/or 4999will be applied only to the extent that such limits increase theafter-taxamounttheNamedExecutiveOfficerreceives;

• unvestedlong-termincentiveawardsthatvestandareearneddependingontheattainmentofcertainperformancecriteriawouldvestand

be earned at the greater of the (i) target performance level or (ii) actual performance measured through the date of the qualifyingterminationor,intheeventofaqualifyingterminationpriortoachangeincontrol,thedateofthechangeincontrol;and

• continued participation, with related employer contributions, in the Company’s medical plans for 18 months (24 months in the case ofMr.Adams).

A“changeincontrol”oftheCompanygenerallywillbedeemedtooccurwhenapersonacquiresmorethan50%oftheoutstandingsharesorvotingpowerofRexnord’sstock;amajorityoftheboardconsistsofindividualswhowerenotapprovedbyamajorityoftheincumbentboard;orRexnordengagesinaspecifiedbusinesscombinationorisdissolved.UponachangeincontroloftheCompany,theNamedExecutiveOfficerswillhavetherightforaperiodof two years to leave the Company for “good reason” and receive the amounts set out above. “Good reason” is generally when the scope of a NamedExecutiveOfficer’semploymentwiththeCompany“negativelyandmaterially”changes;theNamedExecutiveOfficer’ssalaryortargetbonusopportunityis materially reduced; or the Named Executive Officer’s principal office is to be relocated more than 50 miles fromits present location. In the case ofMr.Adams,goodreasonalsoincludesthefailurebytheCompanytoreelecthimtotheboard.

Other terminations

Inaddition,underthearrangements,theexecutiveswouldbeentitledtocertainbenefitsuponotherterminationeventsasfollows:

• Intheeventofaterminationduetodeathordisability,Mr.Adamswouldbeentitledtoreceiveanyunpaidbonusearnedwithrespecttoany fiscal year ending on or prior to the date of termination and apro-ratedannual bonus for the fiscal year in which the terminationoccurs;allNamedExecutiveOfficerswouldbeentitledtodisabilityinsurancebenefitsorlifeinsuranceproceedsunderapplicableplans;all unvested options and long-term incentive awards granted to Mr. Adams will vest and be exercisable; and for other executives, theexecutive’sunvestedlong-termincentiveawardswillvestorbeforfeited,andanyvestedstockoptionswillbeexercisableinaccordancewiththeirterms.

• Iftheexecutiveterminateshisemploymentwithoutgoodreasonandnotinconnectionwithachangeincontrol, thenallunvestedlong-termincentivegrantswillbeforfeitedandcancelled,butallvestedstockoptionsshallremainexercisableinaccordancewiththeirterms.

• If the Companyterminates the executive’s employment without cause and other than for disability, the executive’s long-termincentive

grantsshallvestorbeforfeitedinaccordancewiththeirterms,andanystockoptionsshallbeexercisableinaccordancewiththeirterms(butnotlessthan90days).

IftheCompanyterminatestheexecutiveforcause,noadditionalbenefitswouldbepaidtotheexecutiveandallstockoptions(vestedandunvested),RSUs,PSUsandotherlong-termincentiveswouldbeimmediatelyforfeitedandcancelled.

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Under the Letter Agreement with Mr. Adams, the Executive Change in Control Plan and the Executive Severance Plan, the Company is alsoprotected from competition by the Named Executive Officers after their employment with the Company would cease. Upon termination, the NamedExecutiveOfficersagreetonotinterferewiththerelationshipsbetweenthecustomersoremployeesofRexnordfortwoyearsandoneyear(twoyearsinthecase of Mr. Adams), respectively. In addition, the Named Executive Officers agree that they will not compete with Rexnord over a two-yearperiodfollowing termination and in geographical locations proximate to Rexnord’s operations. Further, the Named Executive Officers have agreed to relatedconfidentialityrequirementsaftertheterminationoftheiremploymentandhaveagreedtoprovideareleaseofclaimstotheCompany.

Other Potential Payments to the Named Executive Officers. Inaddition,forallofficersandemployees,includingtheNamedExecutiveOfficers,awardsgrantedsincefiscal2017underthePerformanceIncentivePlanhavea“doubletrigger”and,therefore,donotprovideforautomaticvestinguponachangeincontrol;unlesstheCompensationCommitteemakesotherarrangements,acceleratedvestingwillonlyoccurintheeventofcertainterminationsofemploymentfollowingachangeincontrol,assetforthintheapplicableplan.VestingisalsosubjecttoanylimitationsintheplansintendedtoreduceoreliminatetheeffectsofInternalRevenueCodeSections280Gand/or4999(withsuchlimitationsbeingmodifiedbythearrangementsdescribedabove).

Potential Benefits Table.ThefollowingtablesetsforththeestimatedcurrentvalueofbenefitsthatcouldbepaidtotheNamedExecutiveOfficersuponvariouseventsofterminationorachangeincontrolunderMr.Adams’LetterAgreement,theExecutiveChangeinControlPlanandtheExecutiveSeverance Plan, as well as the terms of other benefits plans available to the Named Executive Officers. These amounts are estimates only and do notnecessarilyreflecttheactualamountsthatwouldbepaidtotheNamedExecutiveOfficers;theactualamountswouldbeknownonlyatthetimethattheybecomeeligibleforpaymentandwouldbepayableonlyifaterminationeventorchangeincontrolweretooccur.ThetablereflectstheamountsthatcouldbepayableunderthevariousarrangementsifaterminationeventorchangeincontrolhadoccurredatMarch31,2020,usingtheprovisionsoftheLetterAgreement with Mr. Adams, the Executive Change in Control Plan and the Executive Severance Plan. In addition, the table does not include certainpaymentsorbenefits,suchasaccruedvacationtime,thataregenerallyotherwiseavailableonanon-discriminatorybasistoallU.S.salariedemployeesorthatwereearnedirrespectiveoftheterminationand/orthearrangementsdescribedabove.

Name Cash

($) Equity(1) ($)

Pension / Non-Qualified


(2) ($)

Perquisites/ Benefits

($)

Tax Reimbursement

($) Other

($) Total

($) (a) (b) (c) (d) (e) (f) (g) (h)

Termination Due to Death or Disability

ToddA.Adams $1,648,828 $9,061,879 — — — — $10,710,707

MarkW.Peterson 520,931 — — — — — 520,931

KevinJ.Zaba 395,250 — — — — — 395,250

GeorgeJ.Powers 255,093 — — — — — 255,093

CraigG.Wehr 341,250 — — — — — 341,250

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Name Cash

($) Equity(1) ($)

Pension / Non-Qualified


(2) ($)

Perquisites/ Benefits

($)

Tax Reimbursement

($) Other

($) Total

($) (a) (b) (c) (d) (e) (f) (g) (h)

Termination By the Company Without Cause andNot in Connection with Change in Control

ToddA.Adams 3,658,828 — — $ 39,001 — — 3,697,829

MarkW.Peterson 525,000 — — 19,561 — — 544,561

KevinJ.Zaba 500,000 — — 19,561 — — 519,561

GeorgeJ.Powers 409,000 — — 19,280 — — 428,280

CraigG.Wehr 420,000 — — 19,561 — — 439,561

Termination By the Company Without Cause, or Bythe Executive for Good Reason, in Connection withChange in Control

ToddA.Adams 3,658,828 9,061,879 — 39,001 — — 12,759,708

MarkW.Peterson 787,500 2,309,937 — 29,341 — — 3,126,778

KevinJ.Zaba 750,000 1,977,935 — 29,341 — — 2,757,276

GeorgeJ.Powers 613,500 1,123,525 — 28,920 — — 1,765,945

CraigG.Wehr 630,000 890,886 — 29,341 — — 1,550,227(1) Ifwithintwoyearsfollowingachangeincontrol,theCompanyterminatestheexecutivewithoutcause,ortheexecutiveresignsforgoodreason,all

unvestedequityawardswillbecomevesteduponsuchtermination.Unvestedlong-termincentiveawardsthatvestandareearneddependingontheattainment of certain performance criteria, suchas PSUs, would vest andbe earned at the greater of the (i) target performance level or (ii) actualperformancemeasuredthroughthedateofthequalifyingterminationor,intheeventofaqualifyingterminationpriortoachangeincontrol,thedateofthechangeincontrol.Pursuanttothearrangements,uponaterminationotherthaninconnectionwithachangeincontrol,equityawardsandlong-termincentivesmaynotbesubjecttoacceleratedvesting;however,allunvestedoptionsandlong-termincentiveawardsgrantedtoMr.Adamswillvestintheeventofhisdeathordisability.

Withrespecttooptions,theamountshownrepresentsthedifferenceinvalueoftheoutstandingunvestedoptionsbetweentheirexercisepriceandthe$22.67pershareclosingpriceoftheCompany’scommonstockontheNYSEonMarch31,2020.CertainoutstandingunvestedstockoptionshadnoimmediatelyrealizablevaluebecausetherespectiveexercisepriceswerehigherthantheclosingpriceoftheCompany’scommonstockonthelasttradingdayof fiscal 2020. Withrespect to RSUs, theamount shownrepresents thevalueof theunvestedRSUsbasedontheclosingprice ontheNYSEonthelast tradingdayoffiscal 2020.WithrespecttoPSUs,theamountshownrepresentsthevalueoftheunvestedPSUsatthegreateroftargetorwhereactualperformancewastrackingasoftheendoffiscal2020basedontheclosingpriceontheNYSEonthelasttradingdayoffiscal2020.Theamountdoesnotincludethevalueofanyawardsthathavealreadyvestedatfiscalyearend,eventhoughtheNamedExecutiveOfficercouldreceivethevalueofthoseawardsinconnectionwithatermination,alongwithotheralready-earnedcompensation.

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(2) Mr.WehrisavestedparticipantinthePensionPlanand,therefore,he(orhisbeneficiary)isentitledtoreceivepaymentspursuanttothePensionPlanuponhisdeath,disabilityorotherwiseuponreachingretirementage.However,suchbenefitsarenotincreasedduetoanyoftheeventsstatedinthistable.Seethe“PensionBenefits”tableabove.AllexecutiveofficersareeligibletoparticipateintheDeferredPlan.BenefitsundertheDeferredPlan are not increased, nor is vesting accelerated, as a result of any of the reported events of termination of employment, although in certaincircumstancesthedistributionofamountsotherwiseduemaybemadeatanearlierdate.See“NonqualifiedDeferredCompensation”above.

Underthearrangementsdescribedabove,uponothereventsoftermination(e.g.,voluntaryresignation,retirement),theNamedExecutiveOfficerswould receive a payment for accrued salary and bonus, as well as the right to the value of already vested equity awards, both of which are generallyavailableonanon-discriminatorybasistoallotherU.S.salariedemployees,andwouldnotreceiveanyotherpaymentsorbenefitsthataregenerallynotavailable on a non-discriminatorybasis to all other U.S. salaried employees. Further, if the Company terminates the executive for cause, no additionalbenefitswouldbepaidtotheexecutiveandallvestedandunvestedstockoptions,unvestedRSUsandPSUs,andotherunvestedlong-termincentiveswouldbeimmediatelyforfeitedandcancelled.

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PAY RATIO DISCLOSURE

InaccordancewithItem402(u)ofRegulationS-K,theCompanyisprovidingthefollowinginformationforfiscal2020:

• MedianofannualcompensationofallemployeesworldwideexcludingtheCEO–$50,088

• AnnualtotalcompensationoftheCEO–$6,932,834

• RatioofCEOannualtotalcompensationtomedianemployeecompensation–136:1

TheCompanyisusingthesamemedianemployeeforpayratiopurposesthat it usedinits fiscal 2019calculationsincetherehavenotbeenanychanges in the Company’s employee population or employee compensation arrangements that it believes would significantly impact the pay ratiodisclosure. For a discussion regarding how the Company identified its median employee from a compensation perspective, please see “Pay RatioDisclosure” in the Company’s Proxy Statement for its fiscal 2020 annual meeting of stockholders, which was filed with the SECon June 7, 2019. Todeterminetheratiodisclosedabove,theCompanycalculatedthemedianemployee’scompensationforfiscal2020inaccordancewiththerulesapplicabletothecompensationelementsincludedintheSummaryCompensationTableandcomparedsuchcompensationtothecompensationreportedintheSummaryCompensationTableforourCEO.

COMPENSATION AND RISK

The Compensation Committee regularly reviews the risk associated with the Company’s compensation programs. As part of this process, theCompensationCommitteereviewedacomprehensiveriskassessmentconductedbyWillisTowersWatsoninfiscal2018andconcludedthatourprogramsdonotcreaterisksthatarereasonablylikelytohaveamaterialadverseeffectontheCompany.Wecontinuetobelievethatseveralofourcurrentpracticeseffectivelymitigateriskandpromoteperformance.

Asdescribedinmoredetailabove,ourcompensationprogramiscomposedofelementsthataregenerallypaidonacurrentorshort-termbasis(suchasbasesalariesandannualperformance-basedawards)andelementsthataregenerallypaidoutonalonger-termbasis(suchaslong-termequityincentivesand retirement benefits). We believe this balanced approach of short-term and long-termelements allows us to achieve our compensation objectives ofattracting and retaining top executives, creating a pay-for-performanceculture and emphasizing long-term value creation for us and our stockholderswithoutencouragingunreasonablerisktaking.

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PROPOSAL 2: ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION

SECrulesrequirepublicly-tradedcompanieslikeRexnordtoholdanadvisoryvoteoftheirstockholdersatleastonceeverythreeyearstoapprovethe namedexecutive officer compensation, as disclosed in the company’s proxystatement pursuant to Item402of the SEC’sRegulationS-K;Rexnorddiscloses this information in “Compensation Discussion and Analysis” and “Executive Compensation” herein. Rexnord currently holds these votesannually.

As described in “Compensation Discussion and Analysis” above, our executive compensation program is designed to focus our executives oncriticalbusinessgoalsthattranslateintolong-termvaluecreation.Asaresult,webelievethatameaningfulportionofourexecutives’compensationshouldbevariableandbased,asappropriate,onthefinancialperformanceoftheCompanyoroneofitsspecificbusinesses,segmentsordepartmentsandwehaveincreasedtheemphasisonperformance-basedcompensationinrecentyearsthroughourMICP,asub-planofthePerformanceIncentivePlan,andthroughthe awardingof PSUsandother equity awards. Webelieve the Company’s compensation programas a whole is well suited to promote the Company’sobjectivesinboththeshortandlongterm.

Accordingly,thefollowingresolutionwillbesubmittedtoourstockholdersforapprovalattheannualmeeting:

“RESOLVED, that the compensation paid to the Company’s named executive officers, as disclosed pursuant to Item 402 ofRegulationS-K,includingtheCompensationDiscussionandAnalysis,compensationtablesandnarrativediscussion,isherebyapproved.”

Asanadvisoryvote,thisproposalisnotbindingontheCompany.However,theCompensationCommittee,whichisresponsiblefordesigningandadministeringtheCompany’sexecutivecompensationprograms,valuestheopinionsexpressedbyourstockholders,andwillconsidertheoutcomeofthevotewhenmakingfuturecompensationdecisionsontheCompany’sexecutivecompensationprograms.

The board recommends that you vote “FOR” approval of the compensation of the Company’s named executive officers as described in thisProxy Statement.

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CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

TheAuditCommitteecharterprovidesthatthecommitteewillreviewallmaterialtransactionsbetweenusandrelatedpartiestodeterminethatsuchtransactionsarefair, reasonableandinourbestinterests. Managementshallnotcauseustoenterintoanynewrelated-partytransactionunlesstheAuditCommittee approves that transaction. In addition, our Code of Business Conduct and Ethics discourages conflicts of interests with the Company andrequiresassociatestodisclosecertainbusinessopportunitiestotheCompany.

In fiscal 2020, the Companywas not involvedin anytransactions with directors, executive officers orgreater-than-5%stockholders that requiredisclosureunderapplicableSECrules.

PROPOSAL 3: RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY’S INDEPENDENT REGISTEREDPUBLIC ACCOUNTING FIRM

FOR THE TRANSITION PERIOD

TheboardofdirectorsproposesthatthestockholdersratifytheselectionbytheAuditCommitteeofErnst&YoungLLP(“E&Y”)toserveastheCompany’s independent registered public accounting firm the transition period from April 1, 2020, to December 31, 2020. In making its decision toreappoint E&Y for the transition period, the Audit Committee considered the qualifications, performance and independence of E&Y and the auditengagementteam,thequalityofitsdiscussionswithE&Yandthefeeschargedfortheservicesprovided.E&YhasservedasRexnord’s,oritspredecessorcompanies’, independent registered public accountant firm since 2002. Pursuant to the Sarbanes-Oxley Act and regulations promulgated by the SECthereunder, the Audit Committee is directly responsible for the appointment of the independent registered public accounting firm. Althoughstockholderratification of the Audit Committee’s selection of the independent registered public accounting firmis not required by our bylaws or otherwise, we aresubmittingtheselectionofE&Ytoourstockholdersforratificationtopermitstockholderstoparticipateinthisimportantdecision.Ifthestockholdersfailtoratify the Audit Committee’s selection of E&Yas the Company’s independent registered public accounting firm for the transition period at the annualmeeting,theAuditCommitteewillreconsidertheselection,althoughtheAuditCommitteewillnotberequiredtoselectadifferentindependentregisteredpublicaccountingfirm.RepresentativesofE&Ywillbeattheannualmeetingtoansweryourquestionsandtomakeastatementiftheysodesire.

The board recommends that you vote “FOR” the ratification of the Audit Committee’s selection of Ernst & Young LLP as the Company’sindependent registered public accounting firm for the transition period.

REPORT OF THE AUDIT COMMITTEE

The Audit Committee of the board of directors, which was established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act,oversees andmonitors theparticipationof Rexnord’s management andindependent auditors throughout thefinancial reportingprocess andapprovesthehiring,retentionandfeespaidtotheindependentauditors.TheboardofdirectorshasadoptedawrittencharterfortheAuditCommittee,whichincludesamong other things, the duties and responsibilities of the Audit Committee; the current version of the charter is available on Rexnord’s website.Managementhastheprimaryresponsibilityforthefinancialstatementsandthereportingprocess,includinginternalcontroloverfinancialreporting.Theindependent registeredpublic accountingfirmis responsible for expressinganopinionontheconformity of theCompany’s auditedfinancial statementswithgenerallyacceptedaccountingprinciplesandanopinionontheeffectivenessoftheCompany’sinternalcontroloverfinancialreporting.

During fiscal 2020, the Audit Committee discussed with management its evaluation of the effectiveness of the Company’s internal control overfinancialreportingasofMarch31,2020,anddiscussedwiththeindependentauditorstheirevaluationoftheeffectivenessoftheCompany’sinternalcontroloverfinancialreporting.TheAuditCommitteealsodiscussedwiththeCompany’sinternalauditorsandtheindependentauditorstheoverallscopeandplansfortheirrespectiveaudits.TheAuditCommitteemetwiththeCompany’s

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internalauditorsandtheindependentauditors,withandwithoutmanagementpresent,todiscusstheresultsoftheirexaminationsandtheirevaluationsoftheCompany’sinternalcontrols.

TheAuditCommitteealsogenerallyreviewsothertransactionsbetweentheCompanyandinterestedpartieswhichmayinvolveapotentialconflictofinterest.EachofMessrs.Bartlett,CrandallandMooreisindependentasindependenceisdefinedinRule10A-3oftheSecuritiesExchangeActandundertheNYSElistingstandards.

InconnectionwithitsfunctiontooverseeandmonitorthefinancialreportingprocessofRexnordandinadditiontoitsquarterlyreviewofinterimunauditedfinancialstatements,theAuditCommitteehasdonethefollowing:

• reviewedanddiscussedtheauditedfinancialstatementsforthefiscalyearendedMarch31,2020,withRexnordmanagement;

• discussedwithE&Y,Rexnord’sindependentauditors,thosematterswhicharerequiredtobediscussedbytheapplicablerequirementsofthePublicCompanyAccountingOversightBoardandtheSEC;and

• receivedthewrittendisclosureandtheletterfromE&YrequiredbytheapplicablestandardsofthePublicCompanyAccountingOversight

Board regarding the independent accountant’s communications with the Audit Committee concerning independence, and has discussedwithE&Yitsindependence.

Basedontheforegoing,theAuditCommitteerecommendedtotheboardofdirectorsthattheauditedfinancialstatementsbeincludedinRexnord’sAnnualReportonForm10-KforthefiscalyearendedMarch31,2020.TheAuditCommitteefurtherconfirmedtheindependenceofE&Y.

MembersoftheAuditCommitteeatthetimeofthefilingoftheAnnualReportonForm10-Kandwhoapprovedthisreport:

MarkS.Bartlett(Chair)TheodoreD.CrandallGeorgeC.Moore

AUDITORS

Fees and Services

FeespaidtoE&Yforservicesforfiscal2020and2019wereasfollows:

2020 2019 Auditfees: $ 2,426,000 $ 2,371,000Audit-relatedfees: 0 0 Taxfees: 1,093,000 600,000Allotherfees: 0 0

Theaboveamountsrelatetoservicesprovidedfortheindicatedfiscalyears,irrespectiveofwhentheywerebilled.Auditfeesincludedservicesandexpenses related to the fiscal 2020 and 2019 annual financial statement audits, including quarterly reviews and certain statutory audits of foreignsubsidiaries.Taxservicesconsistedoftaxreturnpreparation,taxauditassistanceandvariousothertax-relatedconsultingprojects.TheAuditCommitteeconsideredthecompatibilityoftheauditandnon-auditservicesprovidedbyE&Ywiththemaintenanceofthatfirm’sindependence.

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Audit Committee Pre-Approval Policies and Procedures

AlloftheservicesdescribedabovewereapprovedbytheAuditCommitteeinadvanceoftheservicesbeingrendered.

The Audit Committee is responsible for the appointment, compensation, oversight and evaluation of the work performed by the independentregistered public accounting firm. The Audit Committee must pre-approveall audit (including audit-related) services and permitted non-auditservicesprovided by the independent registered public accounting firm in accordance with the pre-approvalpolicies and procedures established by the AuditCommittee.

The Audit Committee annually approves the scope and fee estimates for the quarterly reviews, year-endaudit, statutory audits, acquisition duediligence andtax workto be performed bythe Company’s independent registered public accounting firmfor the next fiscal year. With respect to otherpermittedservices,managementdefinesandpresentsspecificprojectsandcategoriesofserviceforwhichtheadvanceapprovaloftheAuditCommitteeisrequested.TheAuditCommitteepre-approvesspecificengagements,projectsandcategoriesofservicesonafiscalyearbasis,subjecttoindividualprojectthresholdsandannualthresholds.Inassessingrequestsforservicesbytheindependentregisteredpublicaccountingfirm,theAuditCommitteeconsiderswhether suchservices are consistent with theauditor’s independence, whether the independent registered public accountingfirmis likely to providethemosteffectiveandefficientservicebaseduponitsfamiliaritywiththeCompany,andwhethertheservicecouldenhancetheCompany’sabilitytomanageorcontrolriskorimproveauditquality.InmakingitsrecommendationtoratifytheappointmentofE&Yasourauditorforthetransitionperiod,theAuditCommittee has considered whether the non-auditservices provided by them are compatible with maintaining their independence. The Chief FinancialOfficerregularlyreportstotheAuditCommitteeregardingtheaggregatefeesforwhichtheindependentregisteredpublicaccountingfirmhasbeenengagedforsuchengagements,projectsandcategoriesofservicescomparedtotheapprovedamounts.

*****

ByorderoftheBoardofDirectors

PatriciaM.WhaleyVicePresident,GeneralCounselandSecretary

Milwaukee,WisconsinJune5,2020

A copy (without exhibits) of Rexnord’s Annual Report to the Securities and Exchange Commission on Form 10-K for the fiscal year endedMarch 31, 2020, will be provided without charge to each record or beneficial owner of shares of Rexnord’s common stock as of the May 26, 2020Record Date on the written request of that person directed to: Investor Relations, Rexnord Corporation, 511 W. Freshwater Way, Milwaukee,Wisconsin 53204. See also page 1 of this Proxy Statement. In addition, copies are available on Rexnord’s Investor Relations website atinvestors.rexnordcorporation.com.

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ANNUAL MEETING OF STOCKHOLDERS OF

To Be Held Virtually At:https://web.lumiagm.com/210483502 (password: rex2020)

on July 23, 2020, at 9:00 a.m. Central Time

PROXY VOTING INSTRUCTIONS

NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL:Thenoticeofmeeting,proxystatement,annualreportandproxycardareavailableat

http://www.astproxyportal.com/ast/17558

iPleasedetachalongperforatedlineandmailintheenvelopeprovidedIFyouarenotvotingviatelephoneortheinternet.i

203303000000000000003

072320

THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF THE NOMINEES LISTED IN PROPOSAL 1, AND “FOR” PROPOSALS 2 AND 3.

PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE ☒1. Theelectionofeachofthefollowingnomineesasadirectorforathree- FOR AGAINST ABSTAIN yeartermexpiringin2023(exceptasmarkedtothecontrarybelow):

NOMINEES:☐FOR ALL NOMINEES¡ThomasD.Christopoul¡JohnS.Stroup☐ WITHHOLD AUTHORITY¡PeggyN.Troy FOR ALL NOMINEES☐FOR ALL EXCEPT(Seeinstructionsbelow)

2. AdvisoryvotetoapprovethecompensationofRexnordCorporation’snamedexecutiveofficers,asdisclosedin“CompensationDiscussionandAnalysis”and“ExecutiveCompensation”intheProxyStatement.

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3. RatificationoftheselectionofErnst&YoungLLPasRexnordCorporation’sindependentregisteredpublicaccountingfirmforthetransitionperiodfromApril1,2020,toDecember31,2020.

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Intheirdiscretion,theproxiesareauthorizedtovoteonanyotherbusinessasmayproperlycomebeforetheAnnualMeetingoranyadjournmentthereof.This proxy, when properly executed, will be voted in the manner directed herein bythe undersigned stockholder(s). If no instructions are specified, this proxy will bevoted “FOR” each of the nominees for director listed in Proposal 1, and “FOR”Proposals 2 and 3.

INSTRUCTIONS:Towithholdauthoritytovoteforanyindividualnominee(s),

mark“FOR ALL EXCEPT”andfillinthecirclenexttoeachnomineeyouwishtowithhold,asshownhere:

Tochangetheaddressonyouraccount,pleasechecktheboxatrightandindicateyournewaddressintheaddressspaceabove.Pleasenotethatchangestotheregisteredname(s)ontheaccountmaynotbesubmittedviathismethod.

☐

INTERNET - Access“www.voteproxy.com” andfollowtheon-screeninstructionsorscantheQRcodewithyoursmartphone.Haveyourproxycardavailablewhenyouaccessthewebpage.

TELEPHONE - Calltoll-free1-800-PROXIES (1-800-776-9437)intheUnitedStatesor1-718-921-8500 fromforeigncountriesandfollowtheinstructions.Haveyourproxycardavailablewhenyoucall.

Voteonline/phoneuntil11:59PMESTthedaybeforethemeeting.

MAIL-Sign,dateandmailyourproxycardintheenvelopeprovidedassoonaspossible.

VIRTUALLY AT THE MEETING - Thecompanywillbehostingthemeetingliveviatheinternetthisyear.Toattendthemeetingviatheinternet,pleasevisithttps://web.lumiagm.com/210483502(password:rex2020)andbesuretohaveavailablethecontrolnumber.

GO GREEN - e-Consentmakesiteasytogopaperless.Withe-Consent,youcanquicklyaccessyourproxymaterials,statementsandothereligibledocumentsonline,whilereducingcosts,clutterandpaperwaste.Enrolltodayviawww.astfinancial.comtoenjoyonlineaccess.

COMPANY NUMBER

ACCOUNT NUMBER

SignatureofStockholder Date: SignatureofStockholder Date:

Note:

Pleasesignexactlyasyournameornamesappearonthisproxy.Whensharesareheldjointly,eachholdershouldsign.Whensigningasexecutor,administrator,attorney,trusteeorguardian,pleasegivefulltitleassuch.Ifthesignerisacorporation,pleasesignfullcorporatenamebydulyauthorizedofficer,givingfulltitleassuch.Ifsignerisapartnership,pleasesigninpartnershipnamebyauthorizedperson.

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GO GREEN

e-Consentmakesiteasytogopaperless.Withe-Consent,youcanquicklyaccessyourproxymaterial,statementsandothereligibledocumentsonline,whilereducingcosts,clutterandpaperwaste.Enrolltodayviawww.astfinancial.comtoenjoyonlineaccess.

0

REXNORD CORPORATION511W.FreshwaterWay

Milwaukee,Wisconsin53204THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

TheundersignedherebyappointsToddA.Adams,MarkW.PetersonandPatriciaM.Whaley,andeachofthem,asproxies,eachwithfullpowerofsubstitution,torepresentandvoteasdesignatedonthereverseside,allthesharesofcommonstockofRexnordCorporationheldofrecordbytheundersignedasofthecloseofbusinessonMay26,2020,attheAnnualMeetingofStockholderstobeheldonJuly23,2020,at9:00a.m.CentralTime,oranyadjournmentorpostponementthereof.

(Continuedandtobesignedonthereverseside)

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