Form 4: RBC Bearings INC: VP and General Manager Richard J. Edwards Reports Stock Option Exercises and Sale
SEC Form 4
Richard J. Edwards, VP and General Manager of RBC Bearings INC, executed stock options and sold shares on August 27, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 27, 2024, Richard J. Edwards, V.P. and General Manager of RBC Bearings INC, exercised options to purchase common stock at prices of $143.92, $199.16, $199.1, and $199.51.
- He acquired a total of 4,200 shares through option exercises.
- Edwards also sold 4,200 shares of common stock at a price of $292.6679.
- Following these transactions, Edwards directly owns 12,539 shares of RBC Bearings INC common stock.
- He also holds options to purchase 2,000 shares at $292.85, exercisable from May 23, 2025.
Sentiment
Score: 5
Explanation: Neutral. This is a standard SEC filing detailing stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of insider trading activity, which is common for executives who receive stock options as part of their compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market from the sale.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of option grants |
| 06/01/2024 | Date of option grants |
| 08/27/2024 | Date of transaction: stock option exercise and sale |
| 05/23/2025 | First vesting date for some options |
| 06/03/2025 | First vesting date for some restricted stock and options |
| 06/01/2025 | First vesting date for some restricted stock and options |
| 05/23/2026 | Second vesting date for some options |
| 06/03/2026 | Second vesting date for some restricted stock and options |
| 06/01/2026 | Second vesting date for some restricted stock and options |
| 05/23/2027 | Third vesting date for some options |
| 06/03/2027 | Third vesting date for some restricted stock and options |
| 06/01/2027 | Third vesting date for some restricted stock and options |
| 05/23/2028 | Fourth vesting date for some options |
| 06/01/2028 | Fourth vesting date for some restricted stock and options |
| 06/03/2028 | Expiration date for some options |
| 05/23/2029 | Fifth vesting date for some options |
| 06/03/2029 | Expiration date for some options |
| 06/01/2030 | Expiration date for some options |
| 05/23/2031 | Expiration date for some options |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.