RBC Bearings (RBC) CEO receives 22,140-share grant, 10,260 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBC Bearings Inc. President and CEO Michael J. Hartnett reported routine equity-compensation activity. He received 22,140 shares of Common Stock as a grant or award at $0.0000 per share, increasing his direct holdings to 324,993 shares.
On the same date, 10,260 shares of Common Stock were disposed of under code F at $565.22 per share, representing shares withheld by the company to cover tax liabilities related to the immediate vesting of performance awards. His direct holdings include 22,000 shares of restricted stock that vest between 2026-05-23 and 2027-05-23. He also holds options to purchase 15,200 shares of Common Stock at an exercise price of $199.16 per share, expiring on 2028-06-03, which vest on 2026-06-03.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HARTNETT MICHAEL J
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22,140 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,260 | $565.22 | $5.80M |
| holding | Option to Purchase Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 324,993 shares (Direct, null);
Option to Purchase Common Stock — 15,200 shares (Direct, null)
Footnotes (1)
- Includes 22,000 shares of restricted stock, which vest according to the following schedule; 10,555 shares that vest on 6/1/2026; and 11,445 shares 1/2 of which vest on 5/23/2026 and 1/2 vest on 5/23/2027. Represents shares withheld by the Company to pay tax liability related to the immediate vesting of performance awards. These options to purchase Common Stock vest on 6/3/2026.
Key Figures
Share grant: 22,140 shares
Tax-withheld shares: 10,260 shares
Grant price: $0.0000 per share
+5 more
8 metrics
Share grant
22,140 shares
Common Stock grant/award to CEO Michael Hartnett
Tax-withheld shares
10,260 shares
Shares withheld to pay tax liability on performance awards
Grant price
$0.0000 per share
Reported price for 22,140-share Common Stock award
Tax withholding price
$565.22 per share
Price for 10,260 shares used for tax-withholding disposition
Direct holdings after transactions
324,993 shares
Total Common Stock directly owned following Form 4 transactions
Restricted stock included
22,000 shares
Restricted stock within direct holdings, vesting 2026–2027
Option exercise price
$199.16 per share
Options to purchase Common Stock expiring 2028-06-03
Option underlying shares
15,200 shares
Underlying Common Stock for options held by Hartnett
Key Terms
restricted stock, performance awards, tax-withholding disposition, Option to Purchase Common Stock, +1 more
5 terms
restricted stock financial
"Includes 22,000 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.
performance awards financial
"pay tax liability related to the immediate vesting of performance awards"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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""
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transactions did RBC (RBC) CEO Michael Hartnett report?
Michael Hartnett reported a grant of 22,140 RBC common shares and a disposition of 10,260 shares through tax withholding. These entries reflect equity compensation vesting and related tax payments, rather than open-market buying or selling activity.
What equity award did RBC (RBC) grant to CEO Michael Hartnett?
RBC granted Michael Hartnett 22,140 shares of common stock at a reported price of $0.0000 per share. This reflects a grant or award of stock as compensation, increasing his direct share ownership and aligning his incentives with shareholders.
What restricted stock and vesting schedule does RBC (RBC) disclose for Michael Hartnett?
Hartnett’s holdings include 22,000 restricted RBC shares. Of these, 10,555 shares vest on June 1, 2026, and 11,445 shares vest in two equal tranches on May 23, 2026, and May 23, 2027, providing staged future ownership.
What stock options does RBC (RBC) CEO Michael Hartnett retain?
Hartnett holds options to purchase 15,200 RBC common shares at an exercise price of $199.16 per share. These options vest on June 3, 2026, and expire on June 3, 2028, representing additional potential future equity exposure.