RBC Bearings Incorporated updated compensation arrangements for its top executives. The company entered into an amended and restated employment agreement with President, CEO and Chairman Dr. Michael J. Hartnett, and amended the existing employment agreement of Vice President and COO Daniel A. Bergeron, effective around June 2026.
Dr. Hartnett’s new agreement runs initially through March 31, 2027 and raises his annual base salary to $1,591,350, a 3.0% increase, retroactive to June 1, 2026. It also revises performance-based compensation tables, bases equity award sizing on a six‑month average stock price before each Form 10‑K filing, and aligns ROIC definitions with historical practice. Mr. Bergeron’s amendment makes similar changes to equity award sizing and ROIC definitions, and the Compensation Committee approved a 3.0% increase in his annual base salary to $713,482, effective June 1, 2026.
RBC Bearings director Steven H. Kaplan reported an open-market sale of 350 shares of Common Stock at $631.795 per share. After this transaction, he directly holds 1,378 Common shares. In addition, he holds multiple options to purchase Common Stock with exercise prices between $137.440 and $565.220 per share and expiration dates from 2027 to 2033.
Footnotes indicate 925 shares of restricted stock that vest in tranches between May 2027 and May 2029, and several option grants that are partly unvested and scheduled to vest between 2027 and 2031.
RBC Bearings executive Richard J. Edwards reported routine tax-related share dispositions. On June 3 and June 1, 2026, a total of 455 shares of common stock were withheld by the company to cover tax liabilities tied to vesting of restricted stock, at prices of $578.34 and $571.96 per share. These are not open-market sales. Following these withholdings, Edwards directly owns 10,498 shares of common stock and holds several option grants to purchase additional shares at exercise prices between $199.10 and $565.22 per share with expirations from 2028 to 2033.
RBC Bearings Inc. Vice President and CFO Robert M. Sullivan reported routine share dispositions related to taxes rather than open-market trading. The company withheld a total of 469 shares of common stock on June 1, 2026 and June 3, 2026 at prices of $571.96 and $578.34 per share to cover tax liabilities from restricted stock vesting. After these tax-withholding dispositions, Sullivan directly holds 12,775 shares of common stock. He also retains multiple outstanding options to purchase common stock with exercise prices ranging from $137.44 to $565.22 per share and expirations between 2027 and 2033, providing additional potential equity exposure.
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.
RBC Bearings INC vice president and secretary John J. Feeney reported routine tax-withholding share dispositions related to equity compensation. On June 3, 2026, 95 shares of Common Stock were withheld at $578.34 per share, and on June 1, 2026, 36 shares were withheld at $571.96 per share. The filing labels both as code F, meaning payment of exercise price or tax liability by delivering securities, and a footnote states the shares were withheld by the company to pay tax on vesting of restricted stock, not sold in the open market.
After these entries, Feeney directly holds 2,603 shares of Common Stock, including restricted stock that vests over multiple future dates. He also holds several option awards to purchase Common Stock, with exercise prices ranging from $181.58 to $565.22 and expiration dates between 2028 and 2033. These positions indicate ongoing long-term equity exposure alongside the mechanistic tax-withholding transactions.
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.