Form 4: RBC Bearings INC: President and CEO Michael J Hartnett Reports Stock Sale
SEC Form 4
Michael J Hartnett, President and CEO of RBC Bearings INC, reported the sale of 20,741 shares of common stock at a price of $369.2726 on February 18, 2025.
Summary
- On February 18, 2025, Michael J Hartnett, the President and CEO of RBC Bearings INC, sold 20,741 shares of common stock at $369.2726 per share.
- Following the transaction, Hartnett directly owns 298,847 shares of RBC Bearings INC.
- These holdings include 48,297 shares of restricted stock vesting at various dates in 2025, 2026, and 2027.
- Hartnett also holds options to purchase 11,778 shares exercisable on June 2, 2025, at a price of $137.44, and options to purchase 30,400 shares exercisable on June 3, 2025, at a price of $199.16.
Sentiment
Score: 5
Explanation: This is a neutral report on an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the individual executive's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The information disclosed is consistent with SEC regulations and reporting requirements.
- Comparable companies such as Timken, SKF, and Schaeffler also have executives who file similar reports when trading company stock.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
- The sale does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of transaction: Sale of 20,741 shares of common stock. |
| 06/02/2025 | Options to purchase 11,778 shares of common stock vest. |
| 06/03/2025 | Options to purchase 30,400 shares of common stock vest. |
| 06/03/2025 | 10,020 shares of restricted stock vest. |
| 06/01/2025 | 10,555 shares of restricted stock vest. |
| 05/23/2025 | 5,722.33 shares of restricted stock vest. |
| 06/01/2026 | 10,555 shares of restricted stock vest. |
| 05/23/2026 | 5,722.33 shares of restricted stock vest. |
| 06/02/2027 | Expiration date for options to purchase 11,778 shares of common stock. |
| 05/23/2027 | 5,722.33 shares of restricted stock vest. |
| 06/03/2028 | Expiration date for options to purchase 30,400 shares of common stock. |
| 02/20/2025 | Date of signature by attorney in fact. |
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