Form 4: RBC Bearings Director Michael H. Ambrose Acquires Shares and Options
SEC Form 4
Director Michael H. Ambrose reports acquisition of common stock and options in RBC Bearings INC.
Summary
- On May 29, 2024, Michael H. Ambrose, a director of RBC Bearings INC, acquired 678 shares of common stock at $0 per share.
- Following the transaction, Ambrose directly owns 7,328 shares of common stock.
- Ambrose also acquired 974 options to purchase common stock at an exercise price of $287.37, exercisable starting May 29, 2025, and expiring on May 29, 2031.
- Ambrose holds options to purchase additional common stock at various exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't indicate positive or negative performance.
Positives
- The acquisition of shares by a director may signal confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 11/05/2023 | Date of options to purchase common stock at $163.27 |
| 06/02/2023 | Date of options to purchase common stock at $137.44 |
| 06/03/2023 | Date of options to purchase common stock at $199.16 |
| 06/06/2023 | Date of options to purchase common stock at $199.09 |
| 05/29/2024 | Date of transaction: Acquisition of common stock and options |
| 06/05/2024 | Date of options to purchase common stock at $206.19 |
| 05/29/2025 | First vesting date for new options acquired on 05/29/2024 |
| 11/05/2026 | Expiration date for options to purchase common stock at $163.27 |
| 06/02/2027 | Expiration date for options to purchase common stock at $137.44 |
| 06/03/2028 | Expiration date for options to purchase common stock at $199.16 |
| 06/06/2029 | Expiration date for options to purchase common stock at $199.09 |
| 06/05/2030 | Expiration date for options to purchase common stock at $206.19 |
| 05/29/2031 | Expiration date for new options acquired on 05/29/2024 |
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