4/A: RBC Bearings VP Richard Edwards Reports Tax Liability Share Withholding
SEC Form 4/A
Richard Edwards, VP and General Manager of RBC Bearings, reports the withholding of 431 shares to cover tax liabilities related to vesting restricted stock on June 3, 2024.
Summary
- Richard Edwards, a VP and General Manager at RBC Bearings INC, filed an amended Form 4 on July 5, 2024, regarding a transaction that occurred on June 3, 2024.
- The transaction involved the withholding of 431 shares of common stock at a price of $295.28 per share to cover tax liabilities related to the vesting of restricted stock.
- Following the transaction, Edwards directly owns 12,539 shares of RBC Bearings, which includes 3,550 shares of restricted stock vesting over various dates from 2025 to 2029.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is a routine part of executive compensation. Therefore, the sentiment is neutral.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of the transaction where 431 shares were withheld for tax liability. |
| 06/05/2024 | Date of original filing. |
| 07/05/2024 | Date of amended filing. |
| 06/03/2025 | Vesting date for a portion of the restricted stock. |
| 06/03/2026 | Vesting date for a portion of the restricted stock. |
| 06/03/2027 | Vesting date for a portion of the restricted stock. |
| 06/01/2025 | Vesting date for a portion of the restricted stock. |
| 06/01/2026 | Vesting date for a portion of the restricted stock. |
| 06/01/2027 | Vesting date for a portion of the restricted stock. |
| 06/01/2028 | Vesting date for a portion of the restricted stock. |
| 05/23/2025 | Vesting date for a portion of the restricted stock. |
| 05/23/2026 | Vesting date for a portion of the restricted stock. |
| 05/23/2027 | Vesting date for a portion of the restricted stock. |
| 05/23/2028 | Vesting date for a portion of the restricted stock. |
| 05/23/2029 | Vesting date for a portion of the restricted stock. |
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