Patrick S. Bannon - Dec 2, 2021 Form 4 Insider Report for RBC Bearings INC (RBC)

Role
V.P. and General Manager
Signature
/s/John J. Feeney/attorney in fact
Stock symbol
RBC
Transactions as of
Dec 2, 2021
Transactions value $
-$87,586
Form type
4
Date filed
12/15/2021, 04:31 PM
Previous filing
Jun 9, 2021
Next filing
Apr 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RBC Common Stock Tax liability -$87.6K -459 -2.37% $190.82 18.9K Dec 2, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding RBC Option to Purchase Common Stock 8K Dec 2, 2021 Common Stock 8K $126.56 Direct F3
holding RBC Option to Purchase Common Stock 10K Dec 2, 2021 Common Stock 10K $132.12 Direct F4
holding RBC Option to Purchase Common Stock 15K Dec 2, 2021 Common Stock 15K $143.92 Direct F5
holding RBC Option to Purchase Common Stock 15K Dec 2, 2021 Common Stock 15K $137.44 Direct F6
holding RBC Option to Purchase Common Stock 5K Dec 2, 2021 Common Stock 5K $199.16 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Company to pay tax liability related to the vesting of restricted stock.
F2 Includes 11,000 shares of restricted stock, that vest according to the following schedule - 4,000 shares 1/4 of which vest on 6/2/2022, 1/4 vest on 6/2/2023, 1/4 vest on 6/2/2024 and 1/4 vest on 6/2/2025; 3,000 shares 1/3 of which vest on 6/3/2022, 1/3 vest on 6/3/2023 and 1/3 vest on 6/3/2024; 2,000 shares 1/2 of which vest on 6/7/2022 and 1/2 vest on 6/7/2023; 2,000 shares 1/5 of which vest on 6/3/2022, 1/5 vest on 6/3/2023, 1/5 vest on 6/3/2024, 1/5 vest on 6/3/2025 and 1/5 vest on 6/3/2026.
F3 These options to purchase Common Stock are subject to the following vesting schedule - 1/2 vest on 2/1/2022 and 1/2 vest on 2/1/2023.
F4 All these options to purchase Common Stock are exercisable except for 4,000 options that are subject to the following vesting schedule - 1/2 vest on 6/7/2022 and 1/2 vest on 6/7/2023.
F5 All these options to purchase Common Stock are exerciseable except for 9,000 options that are subject to the following vesting schedule - 1/3 vest on 6/3/2022, 1/3 vest on 6/3/2023 and 1/3 vest on 6/3/2024.
F6 All these options to purchase Common Stock are exerciseable except for 12,000 options that are subject to the following vesting schedule - 1/4 vest on 6/2/2022, 1/4 vest on 6/2/2032, 1/4 vest on 6/2/2024 and 1/4 vest on 6/2/2025.
F7 These options to purchase Common Stock are subject to the following vesting schedule - 1/5 vest on 6/3/2022, 1/5 vest on 6/3/2023, 1/5 vest on 6/3/2024, 1/5 vest on 6/3/2025 and 1/5 vest on 6/3/2026.