Michael J. Hartnett - 02 Jun 2022 Form 4 Insider Report for RBC Bearings INC (RBC)

Role
President and CEO, Director
Signature
/s/John J. Feeney/attorney in fact
Issuer symbol
RBC
Transactions as of
02 Jun 2022
Net transactions value
-$3,826,597
Form type
4
Filing time
06 Jun 2022, 17:25:49 UTC
Previous filing
01 Dec 2022
Next filing
18 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBCP Common Stock Tax liability $656,176 -3,408 -1.2% $192.54 280,295 02 Jun 2022 Direct F1, F2
transaction RBCP Common Stock Award $0 +30,060 +11% $0.000000 310,355 03 Jun 2022 Direct F3
transaction RBCP Common Stock Tax liability $3,170,421 -16,078 -5.2% $197.19 294,277 03 Jun 2022 Direct F1, F4

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
holding RBCP Option to Purchase Common Stock 20,000 02 Jun 2022 Common Stock 20,000 $72.94 Direct
holding RBCP Option to Purchase Common stock 32,000 02 Jun 2022 Common Stock 32,000 $99.64 Direct F5
holding RBCP Option to Purchase Common Stock 30,400 02 Jun 2022 Common Stock 30,400 $132.12 Direct F6
holding RBCP Option to Purchase Common Stock 45,600 02 Jun 2022 Common Stock 45,600 $143.92 Direct F7
holding RBCP Option to Purchase Common Stock 47,114 02 Jun 2022 Common Stock 47,114 $137.44 Direct F8
holding RBCP Option to Purchase Common Stock 76,000 02 Jun 2022 Common Stock 76,000 $199.16 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 78,422 shares of restricted stock, which vest according to the following schedule; 17,347 shares that vest on 6/3/2022; 9,034 shares that 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.
F3 Includes 108,482 shares of restricted stock, which vest according to the following schedule; 17,347 shares that vest on 6/3/2022; 9,034 shares that vest on 6/2/2023; 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; and 30,060 shares 1/3 of which vest on 6/3/2023, 1/3 vest on 6/3/2024 and 1/3 vest on 6/3/2025.
F4 Includes 73,788 shares of restricted stock, which vest according to the following schedule; 9,034 shares that vest on 6/2/2023; 34,694 shares 1/2 of which vest on 6/3/2023 and 1/2 vest on 6/3/2024; and 30,060 shares 1/3 of which vest on 6/3/2023, 1/3 vest on 6/3/2024 and 1/3 vest on 6/3/2025.
F5 All these options to purchase Common Stock are exerciseable except for 16,000 options that vest on 6/27/2022.
F6 These options to purchase Common Stock are subject to the following vesting schedule - 1/2 vest on 6/7/2022 and 1/2 vest on 6/7/2023.
F7 All these options to purchase Common Stock are exerciseable except for 30,400 options that subject to the following vesting schedule - 1/2 vest on 6/3/2023 and 1/2 vest on 6/3/2024.
F8 All these options to purchase Common Stock are exerciseable except for 35,335 options that are subject to the following vesting schedule - 1/3 vest on 6/2/2023, 1/3 vest on 6/2/2024 and 1/3 vest on 6/2/2025.
F9 All these options to purchase Common Stock are exerciseable except for 60,800 options that are subject to the following vesting schedule - 1/4 vest on 6/3/2023, 1/4 vest on 6/3/2024, 1/4 vest on 6/3/2025 and 1/4 vest on 6/3/2026.