Form 4: RBC Bearings CFO Acquires Shares and Options in Recent Transaction
SEC Form 4
Robert M. Sullivan, CFO of RBC Bearings INC, reports acquisition of common stock and options, indicating changes in beneficial ownership.
Summary
- On November 5, 2024, Robert M. Sullivan, the Vice President and CFO of RBC Bearings INC, acquired 1,200 shares of common stock at $0 and was granted options to purchase 1,500 shares of common stock at an exercise price of $287.85.
- Following the transaction, Sullivan directly owns 11,382 shares of common stock and options to purchase a total of 36,100 shares.
- The options have various vesting schedules and expiration dates, ranging from 2025 to 2031.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CFO's acquisition of shares and options suggests confidence, but it's a routine transaction.
Positives
- The CFO's acquisition of shares and options could be interpreted as a sign of confidence in the company's future prospects.
Future Outlook
The document does not contain explicit forward-looking statements, but the vesting schedules of the restricted stock and options extend out to 2029 and 2031, respectively.
Industry Context
This type of filing is standard for corporate insiders and provides transparency into their investment activities in the company's stock.
Stakeholder Impact
- Shareholders may view the CFO's increased stake as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 06/07/2021 | Date of options to purchase common stock with an exercise price of $132.12 |
| 06/03/2021 | Date of options to purchase common stock with an exercise price of $143.92 |
| 06/02/2021 | Date of options to purchase common stock with an exercise price of $137.44 |
| 06/03/2022 | Date of options to purchase common stock with an exercise price of $199.16 |
| 06/03/2023 | Date of options to purchase common stock with an exercise price of $199.1 |
| 06/01/2024 | Date of options to purchase common stock with an exercise price of $199.51 |
| 11/05/2024 | Date of transaction: acquisition of common stock and options |
| 05/23/2025 | Date of options to purchase common stock with an exercise price of $292.85 |
| 11/05/2025 | First vesting date for options granted on 11/05/2024 |
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