Form 4: RBC Bearings INC: Officer Daniel Bergeron Reports Stock Disposal for Tax Obligations
SEC Form 4
Daniel Bergeron, Vice President and COO of RBC Bearings INC, reported the disposal of 7,311 shares of common stock to cover tax liabilities related to vesting restricted stock on June 3, 2024.
Summary
- On June 3, 2024, Daniel A. Bergeron, Vice President and COO of RBC Bearings INC, filed a Form 4 indicating changes in beneficial ownership.
- Bergeron disposed of 7,311 shares of common stock to cover tax liabilities related to the vesting of restricted stock.
- The transaction was executed at a price of $295.28 per share.
- Following the transaction, Bergeron directly owns 111,408 shares of RBC Bearings INC common stock, including 17,693 shares of restricted stock vesting over the next three years.
- Bergeron also holds options to purchase 125,743 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, as it's a factual report of stock disposal for tax purposes.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it's a small percentage of the outstanding shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2019 | Date of option grant with an exercise price of $132.12, expiring on 06/07/2025 |
| 06/03/2020 | Date of option grant with an exercise price of $143.92, expiring on 06/03/2026 |
| 06/02/2021 | Date of option grant with an exercise price of $137.44, expiring on 06/02/2027 |
| 06/03/2022 | Date of option grant with an exercise price of $199.16, expiring on 06/03/2028 |
| 06/03/2024 | Date of transaction: Disposal of 7,311 shares for tax liabilities. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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