Michael J. Hartnett - Dec 8, 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
Dec 8, 2023
Transactions value $
-$1,912,224
Form type
4
Date filed
12/8/2023, 04:51 PM
Previous filing
Dec 7, 2023
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBC Common Stock Options Exercise $1.95M +14.8K +5.03% $132.12 308K Dec 8, 2023 Direct F1
transaction RBC Common Stock Sale -$3.86M -14.8K -4.79% $261.55 293K Dec 8, 2023 Direct F1

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 -14.8K -100% $0.00* 0 Dec 8, 2023 Common Stock 14.8K $132.12 Direct
holding RBC Option to Purchase Common Stock 45.6K Dec 8, 2023 Common Stock 45.6K $143.92 Direct F2
holding RBC Option to Purchase Common Stock 47.1K Dec 8, 2023 Common Stock 47.1K $137.44 Direct F3
holding RBC Option to Purchase Common Stock 76K Dec 8, 2023 Common Stock 76K $199.16 Direct F4
* 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 All these options to purchase Common Stock are exerciseable except for 15,200 options that vest on 6/3/2024.
F3 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.
F4 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.