Form 4: RBC Bearings CEO Michael Hartnett Sells Shares
SEC Form 4
RBC Bearings CEO Michael Hartnett sold a portion of his common stock holdings on February 6th and 7th, 2025.
Summary
- Michael J. Hartnett, President and CEO of RBC Bearings INC, sold shares of common stock on February 6th and 7th, 2025.
- On February 6th, 2025, he sold 2,500 shares at a price of $367.95 per share.
- On February 7th, 2025, he sold 500 shares at a price of $367 per share.
- Following these transactions, Hartnett directly owns 319,588 shares of common stock, which includes 48,297 shares of restricted stock vesting over the next few years.
- Hartnett also holds options to purchase 11,778 shares at $137.44, exercisable from June 2, 2025, and options to purchase 30,400 shares at $199.16, vesting from June 3, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock sales by an executive, which could be for various personal financial reasons and doesn't inherently reflect on the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity and doesn't necessarily indicate a change in the company's prospects or management's confidence.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although it is unlikely to be significant given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Options to purchase Common Stock at $199.16 begin to vest. |
| 02/06/2025 | Michael Hartnett sold 2,500 shares of common stock. |
| 02/07/2025 | Michael Hartnett sold 500 shares of common stock. |
| 02/10/2025 | Date of signature for the Form 4 filing. |
| 06/02/2025 | Options to purchase Common Stock at $137.44 become exercisable. |
| 06/03/2025 | 1/2 of options to purchase Common Stock at $199.16 vest. |
| 06/01/2026 | 1/2 of 21,110 restricted shares vest. |
| 06/03/2026 | 1/2 of options to purchase Common Stock at $199.16 vest. |
| 05/23/2027 | 1/3 of 17,167 restricted shares vest. |
Keywords
RBC Bearings, Michael Hartnett, stock sale, Form 4, insider trading, common stock, options, restricted stock
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