RBC Bearings (RBC) VP & COO reports 1,630-share tax withholding, holds 113,824 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBC Bearings INC director and executive officer Daniel A. Bergeron reported a routine tax-related share disposition. On the reported date, 1,630 shares of Common Stock were withheld by the company to cover tax liability from vesting of restricted stock, a non-market transaction coded as a tax-withholding disposition. Following this, Bergeron directly holds 113,824 Common Stock shares, which include 9,176 shares of restricted stock that vest in several tranches between May 2027 and May 2029. He also continues to hold an option to purchase 7,000 shares of Common Stock at an exercise price of $199.16 per share, expiring on June 3, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BERGERON DANIEL A
Role
Vice President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,630 | $571.96 | $932K |
| holding | Option to Purchase Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 113,824 shares (Direct, null);
Option to Purchase Common Stock — 7,000 shares (Direct, null)
Footnotes (1)
- Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock. Includes 9,176 shares of restricted stock, which vest according to the following schedule; 2,245 shares that vest on 5/23/2027; 3,194 shares 1/2 of which vest on 5/28/2027 and 1/2 vest on 5/28/2028; and 3,737 shares 1/3 of which vest on 5/19/2027, 1/3 vest on 5/19/2028 and 1/3 vest on 5/19/2029.
Key Figures
Tax-withheld shares: 1,630 shares
Post-transaction holdings: 113,824 shares
Restricted stock holdings: 9,176 shares
+3 more
6 metrics
Tax-withheld shares
1,630 shares
Shares withheld to pay tax on restricted stock vesting
Post-transaction holdings
113,824 shares
Common Stock directly held after transaction
Restricted stock holdings
9,176 shares
Restricted stock vesting between May 2027 and May 2029
Option exercise price
$199.16/share
Exercise price for option to purchase Common Stock
Option underlying shares
7,000 shares
Common Stock underlying option expiring June 3, 2028
Tax-withholding share price
$571.96/share
Price per share for 1,630 shares used in tax withholding
Key Terms
restricted stock, tax-withholding disposition, Option to Purchase Common Stock, vesting, +1 more
5 terms
restricted stock financial
"Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition, reflecting payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Option to Purchase Common Stock financial
"security_title: Option to Purchase Common Stock with an exercise price of 199.1600."
vesting financial
"Includes 9,176 shares of restricted stock, which vest according to the following schedule."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price: 199.1600 for the option to purchase Common Stock."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did RBC (RBC) report for Daniel A. Bergeron?
RBC Bearings reported that Daniel A. Bergeron had 1,630 Common Stock shares withheld to pay tax on restricted stock vesting. This tax-withholding disposition is not an open-market sale and reflects routine handling of equity compensation obligations.
What restricted stock awards does Daniel A. Bergeron hold at RBC (RBC)?
Bergeron holds 9,176 restricted stock shares at RBC Bearings. These vest in scheduled tranches during May 2027, May 2028, and May 2029, providing ongoing equity-based compensation that aligns his interests with long-term company performance.
Was this RBC (RBC) insider transaction an open-market sale or purchase?
No, the filing shows a tax-withholding disposition rather than an open-market trade. Shares were withheld by the company to satisfy tax obligations on vesting restricted stock, so it does not signal an active decision to sell shares in the market.