The record date for the stock split is expected to be July 27, with new shares expected to be distributed on or about Aug. 10. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held.
The record date is meaningless concerning splits. Don't concern yourself with the terminology. It's simply an "accounting term" with the company. The split will take care of itself. There is nothing to ever worry about. In its very simplest form, assume a stock is trading around $100 and is to split 2-1. If you pay $100 for the stock AND you still hold it when it actually splits, (ie, when it starts trading at about $50 --assuming it hasn't fallen in price dramatically), then you can be assured that you will receive the "extra" shares. However, if you pay $50 for the stock, then you know that the shares have already split.