Form 4: RBC Bearings Director Edward Stewart Sells 3,000 Shares
SEC Form 4 Filing
Director Edward Stewart sold 3,000 shares of RBC Bearings INC at a price of $277.242 per share on August 6, 2024.
Summary
- On August 6, 2024, Edward Stewart, a director of RBC Bearings INC, sold 3,000 shares of common stock at a price of $277.242 per share.
- Following the transaction, Stewart directly owns 20,461 shares of common stock.
- Stewart also holds options to purchase common stock at various exercise prices and expiration dates.
- These options include 1,000 shares each at prices of $128.24, $158.48, $137.44, $199.16, $199.09, $206.19, and 974 shares at $287.37.
- Some of these options are subject to vesting schedules.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a director's stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the buying and selling of company stock by insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although this is likely a very minor impact.
Key Dates
| Date | Description |
|---|---|
| 07/03/2019 | Date of option grant with exercise price of $128.24 and expiration date of 07/03/2025 |
| 08/19/2020 | Date of option grant with exercise price of $158.48 and expiration date of 08/19/2026 |
| 06/02/2021 | Date of option grant with exercise price of $137.44 and expiration date of 06/02/2027 |
| 06/03/2022 | Date of option grant with exercise price of $199.16 and expiration date of 06/03/2028 |
| 06/06/2023 | Date of option grant with exercise price of $199.09 and expiration date of 06/06/2029 |
| 06/05/2024 | Date of option grant with exercise price of $206.19 and expiration date of 06/05/2030 |
| 08/06/2024 | Date of transaction: Edward Stewart sold 3,000 shares of RBC Bearings INC. |
| 08/07/2024 | Date of signature on the Form 4 filing. |
| 05/29/2025 | Date of option grant with exercise price of $287.37 and expiration date of 05/29/2031 |
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