Form 4: RBC Bearings CFO Reports Routine Stock Dispositions for Tax Obligations
Insider Transaction Report
RBC Bearings Inc.'s Vice President and CFO, Robert M. Sullivan, reported the disposition of 790 shares of common stock over two days in early June 2025, primarily to cover tax liabilities related to restricted stock vesting.
Summary
- Robert M. Sullivan, Vice President and CFO of RBC Bearings INC (RBC), filed a Form 4 detailing changes in his beneficial ownership.
- On June 2, 2025, Mr. Sullivan disposed of 511 shares of Common Stock at a price of $365.87 per share.
- On June 3, 2025, an additional 279 shares of Common Stock were disposed of at $370.21 per share.
- These dispositions, totaling 790 shares, were identified as shares withheld by the company to pay tax liability related to the vesting of restricted stock.
- Following these transactions, Mr. Sullivan beneficially owns 12,299 shares of Common Stock directly, which includes 6,600 shares of restricted stock subject to various vesting schedules.
- Mr. Sullivan also holds 23,000 options to purchase Common Stock with various exercise prices ranging from $137.44 to $364.96 and expiration dates extending to May 28, 2032, many of which are subject to future vesting schedules.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are routine dispositions for tax purposes related to executive compensation, not indicative of a change in investment sentiment or company performance.
Future Outlook
The document primarily details past transactions and current holdings, with future implications limited to the vesting schedules of restricted stock and stock options, which will impact the reporting person's future beneficial ownership and potential exercise of options.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, specifically related to executive compensation and tax obligations. It does not provide information on broader industry trends or the company's competitive position, but rather reflects standard practices for managing equity-based compensation for executives in publicly traded companies.
Related Party Transactions
- The disposition of shares to the company for tax withholding purposes is a standard transaction related to executive compensation.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership and compensation practices, which is generally positive for corporate governance.
- Employees: No direct impact beyond the reporting executive.
Next Steps
- Future vesting of 6,600 restricted shares according to various schedules, with the latest vesting occurring on May 28, 2030.
- Future vesting of unexercisable stock options totaling 7,100 shares, with vesting dates extending to November 5, 2029.
- Potential exercise of 23,000 stock options by their respective expiration dates, ranging from June 2, 2027, to May 28, 2032.
Key Dates
| Date | Description |
|---|---|
| 06/03/2022 | Date from which 4,000 options to purchase Common Stock became exercisable, with 1,000 options vesting on 06/03/2026. |
| 06/03/2023 | Date from which 2,400 options to purchase Common Stock became exercisable, with 1,600 options vesting 1/2 on 06/03/2026 and 1/2 on 06/03/2027. |
| 06/01/2024 | Date from which 2,000 options to purchase Common Stock became exercisable, with 3,000 options vesting 1/3 on 06/01/2026, 1/3 on 06/01/2027, and 1/3 on 06/01/2028. |
| 05/23/2025 | Date from which 400 options to purchase Common Stock became exercisable, with 1,600 options vesting 1/4 on 05/23/2026, 1/4 on 05/23/2027, 1/4 on 05/23/2028, and 1/4 on 05/23/2029. |
| 06/02/2025 | Transaction date for disposition of 511 shares of Common Stock and expiration date for 2,000 options to purchase Common Stock. |
| 06/03/2025 | Transaction date for disposition of 279 shares of Common Stock. |
| 06/04/2025 | Signature date of the reporting person's attorney-in-fact for the Form 4 filing. |
| 11/05/2025 | First vesting date for 1/5 of 1,200 restricted shares and 1/5 of 1,500 options to purchase Common Stock. |
| 05/23/2026 | First vesting date for 1/4 of 800 restricted shares and 1/4 of 1,600 options to purchase Common Stock. |
| 05/28/2026 | First vesting date for 1/5 of 1,800 restricted shares and 1/5 of 3,500 options to purchase Common Stock. |
| 06/01/2026 | First vesting date for 1/3 of 1,800 restricted shares and 1/3 of 3,000 options to purchase Common Stock. |
| 06/03/2026 | First vesting date for 200 restricted shares, 1/2 of 800 restricted shares, 1,000 options, and 1/2 of 1,600 options. |
| 11/05/2026 | Second vesting date for 1/5 of 1,200 restricted shares and 1/5 of 1,500 options to purchase Common Stock. |
| 05/23/2027 | Second vesting date for 1/4 of 800 restricted shares and 1/4 of 1,600 options to purchase Common Stock. |
| 05/28/2027 | Second vesting date for 1/5 of 1,800 restricted shares and 1/5 of 3,500 options to purchase Common Stock. |
| 06/01/2027 | Second vesting date for 1/3 of 1,800 restricted shares and 1/3 of 3,000 options to purchase Common Stock. |
| 06/02/2027 | Expiration date for 2,000 options to purchase Common Stock. |
| 06/03/2027 | Second vesting date for 1/2 of 800 restricted shares and 1/2 of 1,600 options. |
| 11/05/2027 | Third vesting date for 1/5 of 1,200 restricted shares and 1/5 of 1,500 options to purchase Common Stock. |
| 05/23/2028 | Third vesting date for 1/4 of 800 restricted shares and 1/4 of 1,600 options to purchase Common Stock. |
| 05/28/2028 | Third vesting date for 1/5 of 1,800 restricted shares and 1/5 of 3,500 options to purchase Common Stock. |
| 06/01/2028 | Third vesting date for 1/3 of 1,800 restricted shares and 1/3 of 3,000 options to purchase Common Stock. |
| 06/03/2028 | Expiration date for 5,000 options to purchase Common Stock. |
| 11/05/2028 | Fourth vesting date for 1/5 of 1,200 restricted shares and 1/5 of 1,500 options to purchase Common Stock. |
| 05/23/2029 | Fourth vesting date for 1/4 of 800 restricted shares and 1/4 of 1,600 options to purchase Common Stock. |
| 05/28/2029 | Fourth vesting date for 1/5 of 1,800 restricted shares and 1/5 of 3,500 options to purchase Common Stock. |
| 06/03/2029 | Expiration date for 4,000 options to purchase Common Stock. |
| 11/05/2029 | Fifth vesting date for 1/5 of 1,200 restricted shares and 1/5 of 1,500 options to purchase Common Stock. |
| 05/28/2030 | Fifth vesting date for 1/5 of 1,800 restricted shares and 1/5 of 3,500 options to purchase Common Stock. |
| 06/01/2030 | Expiration date for 5,000 options to purchase Common Stock. |
| 05/23/2031 | Expiration date for 2,000 options to purchase Common Stock. |
| 11/05/2031 | Expiration date for 1,500 options to purchase Common Stock. |
| 05/28/2032 | Expiration date for 3,500 options to purchase Common Stock. |
Keywords
RBC Bearings, RBC, Form 4, Insider Trading, Stock Ownership, Restricted Stock, Stock Options, Executive Compensation, Beneficial Ownership, Tax Withholding
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