RBC.NYSERbc Bearings INC
Form 4: RBC Bearings Director Steven Kaplan Reports Recent Stock Transactions and Option Grants
Sentiment:
Insider Transaction Report
RBC Bearings Director Steven H. Kaplan has filed a Form 4 detailing the acquisition of restricted common stock and new stock options, alongside a sale of a portion of his common stock holdings.
Summary
- Steven H. Kaplan, a Director of RBC Bearings INC (RBC), reported recent changes in his beneficial ownership.
- On May 30, 2025, Mr. Kaplan acquired 532 shares of common stock at a price of $365.87 per share. These shares are restricted and will vest in three equal installments on May 30, 2026, May 30, 2027, and May 30, 2028.
- Following this acquisition, his direct beneficial ownership of common stock increased to 3,125 shares.
- On June 2, 2025, Mr. Kaplan disposed of 226 shares of common stock at a price of $367.62 per share.
- After the disposition, his direct beneficial ownership of common stock stands at 2,899 shares.
- Additionally, on May 30, 2025, Mr. Kaplan was granted 962 options to purchase common stock with an exercise price of $365.87. These options will vest in five equal annual installments starting May 30, 2026, and expire on May 30, 2032.
- Mr. Kaplan also holds a total of 5,536 derivative securities (options to purchase common stock) with various exercise prices and vesting schedules, including 200 options exercisable from August 19, 2024, 400 options exercisable from June 2, 2024, 1,000 options from June 3, 2022 (with 200 vesting on June 3, 2026), 1,000 options from June 6, 2023 (with 600 vesting in three installments from June 6, 2025), 1,000 options from June 5, 2024 (with 800 vesting in four installments from June 5, 2025), and 974 options from May 29, 2025 (with 779 vesting in four installments from May 29, 2026).
- His total restricted stock holdings amount to 2,284 shares, with various vesting dates extending through May 30, 2028.
Sentiment
Score: 7
Explanation: The director acquired new restricted stock and a significant number of stock options, which are long-term incentive vehicles, indicating continued alignment with the company's performance. A small sale of common stock also occurred, which is common for liquidity or tax planning, but the overall activity suggests a positive long-term outlook from the insider.
Positives
- Acquisition of 532 shares of restricted common stock on May 30, 2025, at $365.87, aligning director's interests with shareholders.
- Grant of 962 new stock options on May 30, 2025, with an exercise price of $365.87, further aligning long-term incentives.
Negatives
- Disposition of 226 shares of common stock on June 2, 2025, at $367.62, reducing direct common stock holdings.
Risks
- The document is an insider trading report (Form 4) and does not contain information on company-specific operational or financial risks.
Future Outlook
The document primarily details past and future vesting schedules for restricted stock and stock options, indicating a long-term incentive structure for the director. It does not provide forward-looking statements regarding the company's financial performance or strategic direction.
Industry Context
This Form 4 filing reports an insider transaction for RBC Bearings INC, a company typically involved in engineered precision bearings and components. Such filings are routine disclosures required by the SEC for company insiders and do not inherently provide broader industry context or trends.
Comparison to Industry Standards
- This document is a standard SEC Form 4 filing, which reports insider transactions. It does not contain information that allows for a direct comparison of RBC Bearings' financial results or operational performance against global industry benchmarks or specific comparable companies/projects. The reported transactions are specific to an individual director's equity compensation and personal trading activities.
Related Party Transactions
- Acquisition of 532 shares of restricted common stock by Steven H. Kaplan, a director of RBC Bearings INC, as part of compensation.
- Grant of 962 options to purchase common stock to Steven H. Kaplan, a director of RBC Bearings INC, as part of compensation.
Stakeholder Impact
- Shareholders: Insider transactions can influence investor sentiment regarding management's confidence in the company. The acquisition of restricted stock and options suggests continued alignment of the director's interests with long-term shareholder value, while the small sale might be viewed as routine.
Next Steps
- Vesting of 500 shares of restricted stock on June 6, 2025.
- Vesting of 400 shares of restricted stock on June 5, 2025.
- Vesting of 200 options from the June 5, 2024 grant on June 5, 2025.
- Vesting of 200 options from the June 6, 2023 grant on June 6, 2025.
- Subsequent vesting of restricted stock and options on various dates extending through May 30, 2030, as per the detailed schedules.
Key Dates
| Date | Description |
|---|---|
| 06/03/2022 | Grant date for 1,000 options to purchase Common Stock with an exercise price of $199.16. |
| 06/06/2023 | Grant date for 1,000 options to purchase Common Stock with an exercise price of $199.09. |
| 06/02/2024 | Date exercisable for 400 options to purchase Common Stock with an exercise price of $137.44. |
| 06/05/2024 | Grant date for 1,000 options to purchase Common Stock with an exercise price of $206.19. |
| 08/19/2024 | Date exercisable for 200 options to purchase Common Stock with an exercise price of $158.48. |
| 05/29/2025 | Date exercisable for 974 options to purchase Common Stock with an exercise price of $287.37. |
| 05/30/2025 | Acquisition date for 532 shares of Common Stock and grant date for 962 options to purchase Common Stock. |
| 06/02/2025 | Disposition date for 226 shares of Common Stock. |
| 06/03/2025 | Signature date of reporting person's attorney-in-fact. |
| 06/05/2025 | Vesting date for 400 shares of restricted stock (1/2 of 800 shares) and 200 options (1/4 of 800 options) from 06/05/2024 grant. |
| 06/06/2025 | Vesting date for 500 shares of restricted stock and 200 options (1/3 of 600 options) from 06/06/2023 grant. |
| 05/29/2026 | Vesting date for 226 shares of restricted stock (1/2 of 452 shares) and approximately 195 options (1/4 of 779 options) from 05/29/2025 grant. |
| 05/30/2026 | First vesting date for approximately 177 shares of restricted stock (1/3 of 532 shares) and approximately 192 options (1/5 of 962 options) from 05/30/2025 grant. |
| 06/03/2026 | Vesting date for 200 options from 06/03/2022 grant. |
| 06/05/2026 | Vesting date for 400 shares of restricted stock (1/2 of 800 shares) and 200 options (1/4 of 800 options) from 06/05/2024 grant. |
| 06/06/2026 | Vesting date for 200 options (1/3 of 600 options) from 06/06/2023 grant. |
| 08/19/2026 | Expiration date for 200 options to purchase Common Stock with an exercise price of $158.48. |
| 05/29/2027 | Vesting date for 226 shares of restricted stock (1/2 of 452 shares) and approximately 195 options (1/4 of 779 options) from 05/29/2025 grant. |
| 05/30/2027 | Second vesting date for approximately 177 shares of restricted stock (1/3 of 532 shares) and approximately 192 options (1/5 of 962 options) from 05/30/2025 grant. |
| 06/02/2027 | Expiration date for 400 options to purchase Common Stock with an exercise price of $137.44. |
| 06/05/2027 | Vesting date for 200 options (1/4 of 800 options) from 06/05/2024 grant. |
| 06/06/2027 | Vesting date for 200 options (1/3 of 600 options) from 06/06/2023 grant. |
| 05/29/2028 | Vesting date for approximately 195 options (1/4 of 779 options) from 05/29/2025 grant. |
| 05/30/2028 | Third vesting date for approximately 178 shares of restricted stock (1/3 of 532 shares) and approximately 192 options (1/5 of 962 options) from 05/30/2025 grant. |
| 06/03/2028 | Expiration date for 1,000 options to purchase Common Stock with an exercise price of $199.16. |
| 06/05/2028 | Vesting date for 200 options (1/4 of 800 options) from 06/05/2024 grant. |
| 05/29/2029 | Vesting date for approximately 194 options (1/4 of 779 options) from 05/29/2025 grant. |
| 05/30/2029 | Vesting date for approximately 192 options (1/5 of 962 options) from 05/30/2025 grant. |
| 06/06/2029 | Expiration date for 1,000 options to purchase Common Stock with an exercise price of $199.09. |
| 05/30/2030 | Vesting date for approximately 194 options (1/5 of 962 options) from 05/30/2025 grant. |
| 06/05/2030 | Expiration date for 1,000 options to purchase Common Stock with an exercise price of $206.19. |
| 05/29/2031 | Expiration date for 974 options to purchase Common Stock with an exercise price of $287.37. |
| 05/30/2032 | Expiration date for 962 options to purchase Common Stock with an exercise price of $365.87. |
Keywords
RBC Bearings INC, RBC, Steven H. Kaplan, SEC Form 4, Insider Trading, Stock Transaction, Beneficial Ownership, Restricted Stock, Stock Options, Director Holdings, Equity Compensation
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