Form 4: RBC Bearings CFO Acquires Shares and Options in Recent Transaction
SEC Form 4 Filing
Robert M. Sullivan, CFO of RBC Bearings INC, reports the acquisition of common stock and options, indicating changes in his beneficial ownership.
Summary
- On May 23, 2024, Robert M. Sullivan, Vice President and CFO of RBC Bearings INC, acquired 1,000 shares of common stock at $0 price.
- Following the transaction, Sullivan directly owns 10,780 shares of common stock.
- Sullivan also acquired 2,000 options to purchase common stock with an exercise price of $292.85, exercisable starting May 23, 2025, and expiring on May 23, 2031.
- Sullivan holds multiple other options to purchase common stock at various exercise prices and vesting schedules.
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 acquisition of shares by the CFO could be interpreted as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions. They are closely watched by investors for signals about management's view of the company's prospects.
Stakeholder Impact
- The CFO's increased stake in the company could align his interests more closely with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/07/2021 | Date of option grant with exercise price $132.12, expiring 06/07/2025. |
| 06/03/2021 | Date of option grant with exercise price $143.92, expiring 06/03/2026. |
| 06/02/2021 | Date of option grant with exercise price $137.44, expiring 06/02/2027. |
| 06/03/2022 | Date of option grant with exercise price $199.16, expiring 06/03/2028. |
| 06/03/2023 | Date of option grant with exercise price $199.1, expiring 06/03/2029. |
| 06/01/2024 | Date of option grant with exercise price $199.51, expiring 06/01/2030. |
| 05/23/2024 | Date of transaction: Acquisition of common stock and options. |
| 05/23/2025 | First vesting date for the 2,000 options acquired on 05/23/2024. |
| 05/23/2031 | Expiration date for the 2,000 options acquired on 05/23/2024. |
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