Form 4: RBC Bearings Director Steven H. Kaplan Sells Shares in Multiple Transactions
SEC Form 4
Steven H. Kaplan, a director at RBC Bearings INC, sold common stock in a series of transactions between June 11 and June 13, 2024.
Summary
- Steven H. Kaplan, a director of RBC Bearings INC, reported the sale of common stock in three separate transactions.
- On June 11, 2024, Kaplan sold 500 shares at a price of $274.6559 per share, reducing his direct holdings to 3,493 shares.
- On June 12, 2024, he sold another 500 shares at $278.77 per share, bringing his direct holdings down to 2,993 shares.
- The final transaction occurred on June 13, 2024, with the sale of 400 shares at $277.725 per share, resulting in a direct holding of 2,593 shares.
- Kaplan also holds options to purchase common stock, with varying exercise prices and expiration dates, as well as restricted stock that vests over time.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports insider trading activity, which can be interpreted in various ways depending on the investor's perspective.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors as they may provide insights into management's perspective on the company's valuation and future prospects. However, they can also be due to personal financial planning.
Stakeholder Impact
- Shareholders may react to the insider selling activity, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 06/03/2022 | Date of option grant with exercise price of $199.16 and expiration on 06/03/2028. |
| 06/06/2023 | Date of option grant with exercise price of $199.09 and expiration on 06/06/2029. |
| 06/02/2024 | Date of option grant with exercise price of $137.44 and expiration on 06/02/2027. |
| 06/05/2024 | Date of option grant with exercise price of $206.19 and expiration on 06/05/2030. |
| 06/11/2024 | Sale of 500 shares of common stock at $274.6559. |
| 06/12/2024 | Sale of 500 shares of common stock at $278.77. |
| 06/13/2024 | Sale of 400 shares of common stock at $277.725. |
| 05/29/2025 | First vesting date for some restricted stock and options. |
| 06/05/2025 | Vesting date for some restricted stock. |
| 06/06/2025 | Vesting date for some restricted stock. |
| 05/29/2031 | Expiration date for some options. |
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