Form 4: RBC Bearings Director Michael H. Ambrose Sells 600 Shares
SEC Form 4 Filing
Director Michael H. Ambrose sold 600 shares of RBC Bearings INC on June 12, 2024, at a price of $279.1585 per share.
Summary
- On June 12, 2024, Michael H. Ambrose, a director of RBC Bearings INC, sold 600 shares of common stock at a price of $279.1585 per share.
- Following the transaction, Ambrose directly owns 6,728 shares of RBC Bearings INC.
- Ambrose also holds options to purchase common stock at various exercise prices and expiration dates, as well as restricted stock that vests over time.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common among corporate executives and directors. It provides transparency to the market regarding the trading activities of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 11/05/2023 | Date of option grant with expiration date 11/05/2026, exercise price $163.27 |
| 06/02/2023 | Date of option grant with expiration date 06/02/2027, exercise price $137.44 |
| 06/03/2023 | Date of option grant with expiration date 06/03/2028, exercise price $199.16 |
| 06/06/2023 | Date of option grant with expiration date 06/06/2029, exercise price $199.09 |
| 06/05/2024 | Date of option grant with expiration date 06/05/2030, exercise price $206.19 |
| 06/12/2024 | Date of stock sale transaction. |
| 05/29/2025 | Date of option grant with expiration date 05/29/2031, exercise price $287.37 |
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