Form 4: RBC Bearings Director Richard R. Crowell Reports Stock and Option Transactions
SEC Form 4
Director Richard R. Crowell reports acquisition of common stock and options in RBC Bearings INC.
Summary
- On May 29, 2024, Richard R. Crowell, a director of RBC Bearings INC, acquired 678 shares of common stock at $0.
- Following the transaction, Crowell directly owns 31,735 shares of common stock, including 3,378 shares of restricted stock vesting over the next three years.
- Crowell also acquired 974 options to purchase common stock at an exercise price of $287.37, vesting in fifths annually from May 29, 2025, to May 29, 2029.
- Crowell holds additional options to purchase common stock at various exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating neutral sentiment. It simply reports transactions by a company director.
Positives
- Director's acquisition of shares and options 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. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of transaction: Acquisition of common stock and options |
| 05/29/2025 | First vesting date for 1/5 of the 974 options acquired on 05/29/2024 |
| 05/29/2026 | Second vesting date for 1/5 of the 974 options acquired on 05/29/2024 |
| 05/29/2027 | Third vesting date for 1/5 of the 974 options acquired on 05/29/2024 |
| 05/29/2028 | Fourth vesting date for 1/5 of the 974 options acquired on 05/29/2024 |
| 05/29/2029 | Final vesting date for 1/5 of the 974 options acquired on 05/29/2024 |
| 05/31/2024 | Date of Form 4 filing |
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