Michael J. Hartnett - Jun 2, 2021 Form 4 Insider Report for RBC Bearings INC (RBCP)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/John J. Feeney/attorney in fact
Stock symbol
RBCP
Transactions as of
Jun 2, 2021
Transactions value $
-$2,388,883
Form type
4
Date filed
6/4/2021, 09:31 PM
Next filing
Jun 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBCP Common Stock Tax liability -$821K -4.14K -1.82% $198.24 223K Jun 2, 2021 Direct F1, F2
transaction RBCP Common Stock Tax liability -$1.57M -7.95K -3.56% $197.08 215K Jun 3, 2021 Direct F1, F2
transaction RBCP Common Stock Award $0 +52K +24.16% $0.00 267K Jun 3, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBCP Option to Purchase Common Stock Award $0 +76K $0.00 76K Jun 3, 2021 Common Stock 76K $199.16 Direct F4
holding RBCP Option to Purchase Common Stock 34.2K Jun 2, 2021 Common Stock 34.2K $72.94 Direct F5
holding RBCP Option to Purchase Common stock 48K Jun 2, 2021 Common Stock 48K $99.64 Direct F6
holding RBCP Option to Purchase Common Stock 76K Jun 2, 2021 Common Stock 76K $132.12 Direct F7
holding RBCP Option to Purchase Common Stock 76K Jun 2, 2021 Common Stock 76K $143.92 Direct F8
holding RBCP Option to Purchase Common Stock 58.9K Jun 2, 2021 Common Stock 58.9K $137.44 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock.
F2 Includes 52,763 shares of restricted stock, which vest according to the following schedule; 17,347 shares vest on 6/7/2021; 17,347 shares that vest on 6/3/2022; and 18,069 shares 1/2 of which vest on 6/2/2022 and 1/2 vest on 6/2/2023.
F3 Includes 104,803 shares of restricted stock, which vest according to the following schedule; 17,347 shares vest on 6/7/2021; 17,347 shares that vest on 6/3/2022; 18,069 shares 1/2 of which vest on 6/2/2022 and 1/2 vest on 6/2/2023; and 52,040 shares 1/3 of which vest on 6/3/2022, 1/3 vest on 6/3/2023 and 1/3 vest on 6/3/2024.
F4 These options to purchase Common Stock are subject to the following vesting schedule - 1/5 vest on 6/3/2022, 1/5 vest on 6/3/2023, 1/5 vest on 6/3/2024, 1/5 vest on 6/3/2025 and 1/5 vest on 6/3/2026.
F5 All these options to purchase Common Stock are exercisable except for 20,000 options that vest on 7/8/2021.
F6 All these options to purchase Common Stock are exercisable except for 32,000 options that are subject to the following vesting schedule - 1/2 vest on 6/27/2021 and 1/2 vest on 6/27/2022.
F7 All these options to purchase Common Stock are exercisable except for 45,600 options that are subject to the following vesting schedule - 1/3 vest on 6/7/2021, 1/3 vest on 6/7/2022 and 1/3 vest on 6/7/2023.
F8 All these options to purchase Common Stock are exerciseable except for 45,600 options that are subject to the following vesting schedule - 1/3 vest on 6/3/2022, 1/3 vest on 6/3/2023 and 1/3 vest on 6/3/2024.
F9 All these options to purchase Common Stock are exerciseable except for 47,114 options that are subject to the following vesting schedule - 1/4 vest on 6/2/2022, 1/4 vest on 6/2/2023, 1/4 vest on 6/2/2024 and 1/4 vest on 6/2/2025.