Edwards Richard J 4
Research Summary
AI-generated summary
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.