Edwards Richard J 4

What Happened
Richard J. Edwards, a Vice President and General Manager at RBC Bearings (RBC), exercised stock options on Feb 17, 2026 to acquire 2,600 shares (total paid ~$555,384) and conducted open-market sales of 4,100 shares for approximately $2,270,519. The exercised option lots had exercise prices of $199.16, $199.10, $199.51 and $292.85. Several zero-dollar derivative disposals were also reported (see details below), consistent with shares being surrendered/used in the option settlement process.

Key Details

• Transaction date: 2026-02-17 (Form filed 2026-02-18 — timely)
• Option exercises (acquired):
  • 1,000 shares @ $199.16 = $199,160
  • 800 shares @ $199.10 = $159,280
  • 400 shares @ $199.51 = $79,804
  • 400 shares @ $292.85 = $117,140
  • Total cash paid for exercises ≈ $555,384
• Open-market sales (disposed):
  • 1,500 shares @ $554.01 = $831,022
  • 2,600 shares @ $553.65 = $1,439,497
  • Total sale proceeds ≈ $2,270,519
• Derivative/zero-dollar disposals: 1,000 + 800 + 400 + 400 shares reported as disposed at $0.00 (derivative). These typically reflect shares surrendered to cover exercise costs or tax withholding related to the option exercises.
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnotes: holdings include 2,800 restricted shares with staggered vesting (see F1). Several option pools referenced have remaining unvested tranches with specific vesting schedules (F2–F6).

Context

• This is an option exercise combined with open-market selling. Exercising options and immediately selling some or all of the resulting shares is common (often to cover the exercise cost and taxes). The zero-dollar derivative disposals in the filing likely represent shares withheld/surrendered for that purpose.
• Sales produced material cash ($2.27M). The exercises required outlay ($555k) or were partially settled via share surrender as indicated.
• The filing appears timely (transaction on 2/17/2026; Form 4 filed 2/18/2026).

Note: This summary is factual and based on the Form 4 entries provided; it does not speculate about the insider’s motivations.