DANIEL A. BERGERON - 21 Feb 2024 Form 4 Insider Report for RBC Bearings INC (RBC)

Role
Vice President and COO, Director
Signature
/s/John J. Feeney/attorney in fact
Issuer symbol
RBC
Transactions as of
21 Feb 2024
Net transactions value
-$3,678,401
Form type
4
Filing time
23 Feb 2024, 16:57:09 UTC
Previous filing
06 Jun 2023
Next filing
28 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBC Common Stock Options Exercise $2,989,200 +30,000 +28% $99.64 136,935 21 Feb 2024 Direct F1
transaction RBC Common Stock Sale $4,008,256 -15,000 -11% $267.22 121,935 21 Feb 2024 Direct F1
transaction RBC Common Stock Tax liability $2,659,345 -9,952 -8.2% $267.22 111,983 21 Feb 2024 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 -30,000 -100% $0.000000* 0 21 Feb 2024 Common Stock 30,000 $99.64 Direct
holding RBC Option to Purchase Common Stock 35,000 21 Feb 2024 Common Stock 35,000 $132.12 Direct
holding RBC Option to Purchase Common Stock 35,000 21 Feb 2024 Common Stock 35,000 $143.92 Direct F3
holding RBC Option to Purchase Common Stock 20,743 21 Feb 2024 Common Stock 20,743 $137.44 Direct F4
holding RBC Option to Purchase Common Stock 35,000 21 Feb 2024 Common Stock 35,000 $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 26,730 shares of restricted stock, which vest according to the following schedule; 8,333 shares that vest on 6/3/2024; 7,849 shares 1/2 of which vest on 6/3/2024 and 1/2 vest on 6/3/2025; and 10,548 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 shares withheld by the Company to pay the exercise price and tax liability related to the exercise of stock options.
F3 All these options to purchase Common Stock are exerciseable except for 7,000 options that vest on 6/3/2024.
F4 All these options to purchase Common Stock are exerciseable except for 8,297 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 21,000 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.