Form 4: RBC Bearings CFO Robert Sullivan Reports Stock Transactions
SEC Form 4
Robert M. Sullivan, CFO of RBC Bearings INC, reports the acquisition and disposal of common stock and derivative securities.
Summary
- Robert M. Sullivan, Vice President and CFO of RBC Bearings INC, filed a Form 4 detailing changes in beneficial ownership.
- On November 8, 2024, Sullivan acquired 3,000 shares of common stock at $132.12 and 5,600 shares at $143.92 through option exercises.
- On the same day, Sullivan disposed of 8,600 shares of common stock at $317.3101.
- Following these transactions, Sullivan beneficially owns 11,382 shares of common stock.
- Sullivan also holds options to purchase various amounts of common stock at prices ranging from $137.44 to $292.85, with expiration dates between 2027 and 2031.
- These options vest at various dates in the future.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transactions may influence investor sentiment regarding RBC Bearings.
Key Dates
| Date | Description |
|---|---|
| 06/07/2021 | Date of option grant related to the exercised options expiring 06/07/2025. |
| 06/03/2021 | Date of option grant related to the exercised options expiring 06/03/2026. |
| 06/02/2021 | Date of option grant related to options expiring 06/02/2027. |
| 06/03/2022 | Date of option grant related to options expiring 06/03/2028. |
| 06/03/2023 | Date of option grant related to options expiring 06/03/2029. |
| 06/01/2024 | Date of option grant related to options expiring 06/01/2030. |
| 05/23/2025 | Date of option grant related to options expiring 05/23/2031. |
| 11/05/2025 | Date of option grant related to options expiring 11/05/2031. |
| 11/08/2024 | Date of stock option exercise and sale. |
| 11/11/2024 | Date of Form 4 filing. |
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