Form 4: RBC Bearings INC: Officer Daniel Bergeron Reports Acquisition of Common Stock
SEC Form 4 Filing
Daniel Bergeron, Vice President and COO of RBC Bearings INC, reports the acquisition of 6,736 shares of common stock.
Summary
- On May 23, 2024, Daniel A. Bergeron, Vice President and COO of RBC Bearings INC, acquired 6,736 shares of common stock.
- The acquisition was reported on a Form 4 filing with the SEC.
- Following the transaction, Bergeron directly owns 118,719 shares of common stock, which includes 33,466 shares of restricted stock vesting over the next three years.
- Bergeron also holds options to purchase a total of 125,743 shares of common stock at prices ranging from $132.12 to $199.16, with various vesting schedules and expiration dates.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard insider transaction report. The acquisition of shares by an officer is generally viewed as a positive sign, but it's not a major event.
Positives
- The acquisition of shares by a company officer can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The details disclosed are consistent with SEC regulations and reporting requirements.
- Comparable companies such as Timken or SKF would have similar insider transaction reporting.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company insider.
Key Dates
| Date | Description |
|---|---|
| 06/07/2019 | Date of option grant with an exercise price of $132.12 and expiration date of 06/07/2025 for 35,000 shares. |
| 06/03/2020 | Date of option grant with an exercise price of $143.92 and expiration date of 06/03/2026 for 35,000 shares. |
| 06/02/2021 | Date of option grant with an exercise price of $137.44 and expiration date of 06/02/2027 for 20,743 shares. |
| 06/03/2022 | Date of option grant with an exercise price of $199.16 and expiration date of 06/03/2028 for 35,000 shares. |
| 05/23/2024 | Date of transaction: Acquisition of 6,736 shares of common stock. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
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