4/A: RBC Bearings Executive John J. Feeney Reports Stock Transaction
SEC Form 4/A
John J. Feeney, Vice President and Secretary of RBC Bearings INC, reports the withholding of 127 common stock shares to cover tax liabilities related to vesting restricted stock on June 3, 2024, resulting in a total holding of 3,076 shares.
Summary
- On June 3, 2024, John J. Feeney, Vice President and Secretary of RBC Bearings INC, had 127 shares of common stock withheld by the company to cover tax liabilities related to the vesting of restricted stock.
- The price per share for the transaction was $295.28.
- Following the transaction, Feeney beneficially owns 3,076 shares of RBC Bearings INC common stock.
- The reported transaction was filed as an amendment on July 5, 2024, to a previous filing made on June 5, 2024.
- Included in the total shares are 1,180 shares of restricted stock vesting over various dates from February 8, 2025, to May 23, 2029.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock transaction (shares withheld for tax liability). |
| 06/05/2024 | Date of original filing (amended on July 5, 2024). |
| 07/05/2024 | Date of amendment filing. |
| 02/08/2025 | First vesting date for a portion of the restricted stock. |
| 05/23/2029 | Last vesting date for a portion of the restricted stock. |
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