RBC Bearings (RBC) CEO reports tax-withholding of 2,653 shares
Rhea-AI Filing Summary
RBC Bearings President and CEO Michael J. Hartnett reported routine equity compensation activity. On May 23, 2026, 2,653 shares of Common Stock were disposed of under code F at $559.95 per share, representing shares withheld by the company to pay tax liabilities related to the vesting of restricted stock.
After this tax-withholding disposition, Hartnett directly owned 312,080 shares of Common Stock, including 16,277 restricted shares that vest in tranches of 10,555 shares on June 1, 2026 and 5,722 shares on May 23, 2027. He also holds an option to purchase 15,200 shares of Common Stock at an exercise price of $199.16 per share, vesting on June 3, 2026 and expiring on June 3, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,653 shares
Net Sell
2 txns
Insider
HARTNETT MICHAEL J
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,653 | $559.95 | $1.49M |
| holding | Option to Purchase Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 312,080 shares (Direct);
Option to Purchase Common Stock — 15,200 shares (Direct)
Footnotes (3)
- F1. Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock.
- F2. Includes 16,277 shares of restricted stock, which vest according to the following schedule; 10,555 shares that vest on 6/1/2026; and 5,722 shares that vest on 5/23/2027.
- F3. These options to purchase Common Stock vest on 6/3/2026.
Key Figures
Tax-withheld shares: 2,653 shares
Tax-withholding price: $559.95 per share
Post-transaction holdings: 312,080 shares
+5 more
8 metrics
Tax-withheld shares
2,653 shares
Shares withheld to pay tax liability related to vesting of restricted stock
Tax-withholding price
$559.95 per share
Value per share for 2,653 shares withheld on May 23, 2026
Post-transaction holdings
312,080 shares
Common Stock directly owned after tax-withholding disposition
Restricted stock total
16,277 shares
Restricted shares included in direct holdings, vesting in 2026 and 2027
Restricted stock vesting 2026
10,555 shares
Restricted stock scheduled to vest on June 1, 2026
Restricted stock vesting 2027
5,722 shares
Restricted stock scheduled to vest on May 23, 2027
Option exercise price
$199.16 per share
Exercise price for options to purchase Common Stock
Option underlying shares
15,200 shares
Common shares underlying options vesting June 3, 2026, expiring June 3, 2028
Key Terms
restricted stock, tax liability, Option to Purchase Common Stock, vesting, +1 more
5 terms
restricted stock financial
"Includes 16,277 shares of restricted stock, which vest according to the following schedule"
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 liability financial
"Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock"
Option to Purchase Common Stock financial
"These options to purchase Common Stock vest on 6/3/2026"
vesting financial
"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.
expiration date financial
"expirationDate: "2028-06-03T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RBC (RBC) report for CEO Michael J. Hartnett?
RBC Bearings reported a Form 4 for CEO Michael J. Hartnett showing 2,653 shares of Common Stock disposed under code F. These shares were withheld by the company to cover tax liabilities tied to restricted stock vesting, not an open-market sale.
What does the Form 4 tax-withholding code F mean for RBC (RBC)?
Transaction code F on the RBC Form 4 indicates shares were used to pay exercise price or tax liability. Here, 2,653 shares were withheld by the company to satisfy tax obligations from restricted stock vesting, rather than being sold in the open market.
What restricted stock awards are disclosed for RBC Bearings (RBC) CEO Hartnett?
The filing notes 16,277 shares of restricted stock held by CEO Hartnett. These vest in two tranches: 10,555 shares vest on June 1, 2026, and 5,722 shares vest on May 23, 2027, subject to the award terms remaining in effect.
What stock options does RBC Bearings (RBC) CEO Hartnett currently hold?
Hartnett holds an option to purchase 15,200 shares of RBC Bearings Common Stock at an exercise price of $199.16 per share. These options vest on June 3, 2026, and are scheduled to expire on June 3, 2028, if not exercised earlier under plan terms.
Was there any open-market buying or selling by RBC (RBC) CEO in this Form 4?
The Form 4 does not show any open-market purchases or sales. The only share movement is a code F tax-withholding disposition, where 2,653 shares were withheld by the company to cover tax liabilities from vesting restricted stock, a routine compensation-related event.