Michael J. Hartnett - Jun 20, 2023 Form 4 Insider Report for RBC Bearings INC (RBC)

Role
President and CEO, Director
Signature
/s/John J. Feeney/attorney in fact
Stock symbol
RBC
Transactions as of
Jun 20, 2023
Transactions value $
-$596,394
Form type
4
Date filed
6/26/2023, 04:20 PM
Previous filing
Jun 6, 2023
Next filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBC Common Stock Options Exercise $693K +9.5K +3.27% $72.94 300K Jun 20, 2023 Direct F1
transaction RBC Common Stock Tax liability -$1.29M -6.18K -2.06% $208.48 293K Jun 20, 2023 Direct F1, F2

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 RBC Option to Purchase Common Stock Options Exercise $0 -9.5K -100% $0.00* 0 Jun 20, 2023 Common Stock 9.5K $72.94 Direct
holding RBC Option to Purchase Common stock 32K Jun 20, 2023 Common Stock 32K $99.64 Direct
holding RBC Option to Purchase Common Stock 30.4K Jun 20, 2023 Common Stock 30.4K $132.12 Direct
holding RBC Option to Purchase Common Stock 45.6K Jun 20, 2023 Common Stock 45.6K $143.92 Direct F3
holding RBC Option to Purchase Common Stock 47.1K Jun 20, 2023 Common Stock 47.1K $137.44 Direct F4
holding RBC Option to Purchase Common Stock 76K Jun 20, 2023 Common Stock 76K $199.16 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents a "net exercise" of outstanding stock options. The Reporting Person received 3,313 shares of common stock on net exercise of option to purchase 9,496 shares of common stock. The Company withheld 6,183 shares of common stock underlying the option for payment of the exercise price and tax withholdings.
F3 All these options to purchase Common Stock are exerciseable except for 15,200 options that vest on 6/3/2024.
F4 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.
F5 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.