RBC Bearings VP Richard J. Edwards Receives Stock Awards
$RBC · RBC Bearings INCResearch Summary
AI-generated summary of this SEC filing
RBC Bearings VP Richard J. Edwards Receives Stock Awards
What Happened
Richard J. Edwards, V.P. and General Manager of RBC Bearings (RBC), received equity compensation on 2026-05-19 consisting of 132 shares granted (award code A) and 623 derivative awards (also reported as an award, $0 per share). The 132-share award is reported at $0 (restricted stock), and the 623-share derivative award is reported at $0 and appears to be stock options subject to vesting.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-20 (appears timely).
- Price: $0.00 per share for both grants (standard for restricted stock/options awards).
- Shares after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: References 2,932 restricted shares with detailed vesting schedules and shows the 132-share award vests 1/5 annually beginning 5/19/2027.
- F2: States the derivative awards are options vesting 1/5 annually on 5/19/2027–5/19/2031.
- Other footnotes (F3–F7) describe vesting/initial exercisability for other option tranches referenced in the filing.
- Transaction type code: A = Award/Grant. This is compensation, not an open-market purchase.
Context
These were compensation awards (restricted stock and option grants) rather than purchases or sales. The options (derivative awards) are subject to multi-year vesting schedules and were not exercised; restricted shares also vest over time. Such grants are common for retention and compensation and do not alone indicate insider sentiment about near-term stock moves.