RBC Bearings (RBC) CEO reports tax withholding on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RBC Bearings INC President and CEO Michael J. Hartnett reported a routine tax-related share disposition. On the Form 4, 4,892 shares of common stock were withheld by the company at $571.96 per share to cover tax liability tied to the vesting of restricted stock.
After this withholding, Hartnett directly owns 307,188 shares of common stock. He also holds an option to purchase 15,200 shares of common stock at an exercise price of $199.16 per share, expiring on June 3, 2028, and 5,722 restricted shares that vest on May 23, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HARTNETT MICHAEL J
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,892 | $571.96 | $2.80M |
| holding | Option to Purchase Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 307,188 shares (Direct, null);
Option to Purchase Common Stock — 15,200 shares (Direct, null)
Footnotes (1)
- Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock. Includes 5722 shares of restricted stock that vest on 5/23/2027.
Key Figures
Tax-withheld shares: 4,892 shares
Withholding price: $571.96 per share
Post-transaction holdings: 307,188 shares
+3 more
6 metrics
Tax-withheld shares
4,892 shares
Common stock withheld to pay tax liability on vesting
Withholding price
$571.96 per share
Value used for shares withheld for taxes
Post-transaction holdings
307,188 shares
Common stock directly owned after tax withholding
Option exercise price
$199.16 per share
Exercise price for option to purchase common stock
Option underlying shares
15,200 shares
Common shares underlying option expiring June 3, 2028
Unvested restricted stock
5,722 shares
Restricted shares vesting on May 23, 2027
Key Terms
tax liability, restricted stock, Option to Purchase Common Stock, vesting, +1 more
5 terms
tax liability financial
"shares withheld by the Company to pay tax liability related to the vesting"
restricted stock financial
"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.
Option to Purchase Common Stock financial
"security_title": "Option to Purchase Common Stock""
vesting financial
"shares withheld by the Company to pay tax liability related to the vesting"
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
"exercisePrice": "199.1600""
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 did RBC (RBC) CEO Michael Hartnett report in this Form 4?
Michael J. Hartnett reported shares withheld to cover taxes on vested restricted stock. The filing shows 4,892 common shares withheld by RBC Bearings, rather than an open-market sale, as part of routine tax obligations.
What stock options does the RBC (RBC) CEO hold according to this Form 4?
Hartnett holds an option to purchase 15,200 shares of RBC Bearings common stock at an exercise price of $199.16 per share. The option expires on June 3, 2028, providing potential future equity exposure if exercised.
Does the RBC (RBC) Form 4 show any open-market stock sales by the CEO?
The Form 4 shows no open-market stock sales. Instead, it reports 4,892 shares withheld by the company to satisfy tax obligations related to restricted stock vesting, which is categorized as a tax-withholding disposition.
What future vesting restricted stock is reported for RBC (RBC) CEO Hartnett?
The filing notes 5,722 shares of restricted stock scheduled to vest on May 23, 2027. These shares are part of Hartnett’s equity compensation and will become fully owned when the vesting date is reached, subject to applicable conditions.