RBC Bearings CEO has 4,892 shares withheld
RBC Bearings INC President and CEO Michael J. Hartnett reported a routine tax-related share disposition.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,892 | $571.96 | $2.80M |
| holding | Option to Purchase Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock.
- F2. Includes 5722 shares of restricted stock that vest on 5/23/2027.
Key Figures
Key Terms
tax liability financial
restricted stock financial
Option to Purchase Common Stock financial
vesting financial
exercise price financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RBC (RBC) CEO Michael Hartnett report in this Form 4?
What stock options does the RBC (RBC) CEO hold according to this Form 4?
Does the RBC (RBC) Form 4 show any open-market stock sales by the CEO?
What future vesting restricted stock is reported for RBC (RBC) CEO Hartnett?
AI-generated analysis. How Rhea-AI works. Not financial advice.