Michael J. Hartnett - 02 Jun 2023 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 2023
Transactions value $
-$3,476,837
Form type
4
Date filed
06 Jun 2023, 18:37
Previous filing
05 Jun 2023
Next filing
26 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBC Common Stock Tax liability -$835K -4.19K -1.36% $199.51 303K 02 Jun 2023 Direct F1, F2
transaction RBC Common Stock Tax liability -$2.64M -12.7K -4.19% $208.27 290K 05 Jun 2023 Direct F1, 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
holding RBC Option to Purchase Common Stock 9.5K 02 Jun 2023 Common Stock 9.5K $72.94 Direct
holding RBC Option to Purchase Common stock 32K 02 Jun 2023 Common Stock 32K $99.64 Direct
holding RBC Option to Purchase Common Stock 30.4K 02 Jun 2023 Common Stock 30.4K $132.12 Direct F4
holding RBC Option to Purchase Common Stock 45.6K 02 Jun 2023 Common Stock 45.6K $143.92 Direct F5
holding RBC Option to Purchase Common Stock 47.1K 02 Jun 2023 Common Stock 47.1K $137.44 Direct F6
holding RBC Option to Purchase Common Stock 76K 02 Jun 2023 Common Stock 76K $199.16 Direct F7
* 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 96,419 shares of restricted stock, which vest according to the following schedule; 34,694 shares 1/2 of which vest on 6/3/2023 and 1/2 vest on 6/3/2024; 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; and 31,665 shares 1/3 of which vest on 6/1/2024, 1/3 vest on 6/1/2025 and 1/3 vest on 6/1/2026.
F3 Includes 69,052 shares of restricted stock, which vest according to the following schedule; 17,347 shares that vest on 6/3/2024; 20,040 shares 1/2 of which vest on 6/3/2024 and 1/2 vest on 6/3/2025; and 31,665 shares 1/3 of which vest on 6/1/2024, 1/3 vest on 6/1/2025 and 1/3 vest on 6/1/2026.
F4 All these options to purchase Common Stock are exercisable except for 15,200 options that vest on 6/7/2023.
F5 All these options to purchase Common Stock are exerciseable except for 15,200 options that vest on 6/3/2024.
F6 All these options to purchase Common Stock are exerciseable except for 23,557 options that are subject to the following vesting schedule - 1/2 vest on 6/2/2024 and 1/2 vest on 6/2/2025.
F7 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 6/3/2024, 1/3 vest on 6/3/2025 and 1/3 vest on 6/3/2026.