Form 4: RBC Bearings Executive Discloses Routine Stock Sales for Tax Obligations and Updated Holdings
Insider Transaction Report
Richard J. Edwards, V.P. and General Manager of RBC Bearings INC, reported the sale of 308 shares of common stock to cover tax liabilities related to restricted stock vesting, while also disclosing his remaining beneficial ownership and derivative holdings.
Summary
- Richard J. Edwards, V.P. and General Manager of RBC Bearings INC (RBC), filed a Form 4 disclosing changes in his beneficial ownership.
- On June 2, 2025, Mr. Edwards disposed of 62 shares of RBC Common Stock at a price of $365.87 per share. These shares were withheld by the company to pay tax liability related to the vesting of restricted stock.
- On June 3, 2025, an additional 246 shares of RBC Common Stock were disposed of at $370.21 per share for the same purpose of covering tax liabilities from restricted stock vesting.
- Following these transactions, Mr. Edwards beneficially owns 12,584 shares of Common Stock directly, which includes 2,800 shares of restricted stock.
- The restricted stock holdings are subject to various vesting schedules, with portions vesting annually from June 3, 2026, through May 28, 2030.
- Mr. Edwards also holds 9,800 options to purchase Common Stock with exercise prices ranging from $199.10 to $364.96.
- These options have expiration dates between June 3, 2028, and May 28, 2032, and a significant portion are subject to future vesting schedules extending through May 28, 2030.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction filing (Form 4) primarily detailing share dispositions for tax purposes and updated ownership, which carries no inherent positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and does not provide specific industry context. It reflects standard executive compensation practices involving restricted stock and stock options within the industrial bearings and motion control sector, where RBC Bearings operates.
Stakeholder Impact
- The sale of 308 shares represents a negligible dilution to existing shareholders, as it is a small fraction of the company's total outstanding shares and is a routine part of executive equity compensation management.
Key Dates
| Date | Description |
|---|---|
| 2025-05-23 | Earliest implied grant/vesting date for some restricted stock and options based on subsequent vesting schedules. |
| 2025-05-28 | Grant date for NQSO options with an exercise price of $364.96. |
| 2025-06-01 | Earliest implied grant/vesting date for some restricted stock and options based on subsequent vesting schedules. |
| 2025-06-02 | Transaction date for the disposition of 62 shares of Common Stock for tax liability. |
| 2025-06-03 | Transaction date for the disposition of 246 shares of Common Stock for tax liability and grant/vesting date for some options. |
| 2025-06-04 | Signature date of the Form 4 filing. |
| 2026-05-23 | First vesting date for a portion of 600 restricted shares and 1,600 options. |
| 2026-05-28 | First vesting date for a portion of 400 restricted shares and 1,800 options. |
| 2026-06-01 | First vesting date for a portion of 600 restricted shares and 1,200 options. |
| 2026-06-03 | First vesting date for a portion of 400 restricted shares, 800 restricted shares, 1,000 options, and 1,600 options. |
| 2027-05-23 | Second vesting date for a portion of 600 restricted shares and 1,600 options. |
| 2027-05-28 | Second vesting date for a portion of 400 restricted shares and 1,800 options. |
| 2027-06-01 | Second vesting date for a portion of 600 restricted shares and 1,200 options. |
| 2027-06-03 | Second vesting date for a portion of 800 restricted shares and 1,600 options. |
| 2028-05-23 | Third vesting date for a portion of 600 restricted shares and 1,600 options. |
| 2028-05-28 | Third vesting date for a portion of 400 restricted shares and 1,800 options. |
| 2028-06-01 | Third vesting date for a portion of 600 restricted shares and 1,200 options. |
| 2028-06-03 | Expiration date for options with an exercise price of $199.16. |
| 2029-05-23 | Fourth vesting date for a portion of 600 restricted shares and 1,600 options. |
| 2029-05-28 | Fourth vesting date for a portion of 400 restricted shares and 1,800 options. |
| 2029-06-03 | Expiration date for options with an exercise price of $199.10. |
| 2030-05-28 | Fifth vesting date for a portion of 400 restricted shares and 1,800 options. |
| 2030-06-01 | Expiration date for options with an exercise price of $199.51. |
| 2031-05-23 | Expiration date for options with an exercise price of $292.85. |
| 2032-05-28 | Expiration date for options with an exercise price of $364.96. |
Keywords
RBC Bearings, RBC, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Options, Restricted Stock, Executive Compensation, Richard J. Edwards
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