Michael J. Hartnett - Jun 2, 2022 Form 4 Insider Report for RBC Bearings INC (RBCP)

Role
President and CEO, Director
Signature
/s/John J. Feeney/attorney in fact
Stock symbol
RBCP
Transactions as of
Jun 2, 2022
Transactions value $
-$3,826,597
Form type
4
Date filed
6/6/2022, 05:25 PM
Previous filing
Dec 1, 2022
Next filing
Aug 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBCP Common Stock Tax liability -$656K -3.41K -1.2% $192.54 280K Jun 2, 2022 Direct F1, F2
transaction RBCP Common Stock Award $0 +30.1K +10.72% $0.00 310K Jun 3, 2022 Direct F3
transaction RBCP Common Stock Tax liability -$3.17M -16.1K -5.18% $197.19 294K Jun 3, 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 20K Jun 2, 2022 Common Stock 20K $72.94 Direct
holding RBCP Option to Purchase Common stock 32K Jun 2, 2022 Common Stock 32K $99.64 Direct F5
holding RBCP Option to Purchase Common Stock 30.4K Jun 2, 2022 Common Stock 30.4K $132.12 Direct F6
holding RBCP Option to Purchase Common Stock 45.6K Jun 2, 2022 Common Stock 45.6K $143.92 Direct F7
holding RBCP Option to Purchase Common Stock 47.1K Jun 2, 2022 Common Stock 47.1K $137.44 Direct F8
holding RBCP Option to Purchase Common Stock 76K Jun 2, 2022 Common Stock 76K $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.