Feeney John J. 4
Research Summary
AI-generated summary
RBC Bearings (RBC) VP John Feeney Receives 320 Shares in Awards
What Happened
John J. Feeney, Vice President and Secretary of RBC Bearings (RBC), was granted compensation on 2026-05-19 consisting of 160 restricted shares (award) and 160 derivative units (stock options). Both grants show an acquisition price of $0.00 (standard compensation grants), so the reported transaction value is $0. The 160 restricted shares and the 160 options are subject to multi-year vesting rather than immediate ownership.
Key Details
- Transaction date: 2026-05-19; Filing date: 2026-05-20 (timely Form 4 filing).
- Grants: 160 restricted shares @ $0.00 (award) and 160 options/derivative units @ $0.00.
- Vesting: The 160 restricted shares vest 1/5 on each anniversary beginning 5/19/2027 through 5/19/2031 (see footnote F1). The 160 options vest 1/5 annually over the same 5-year schedule beginning 5/19/2027 (see footnote F2).
- Holdings reported: Filing discloses a total of 1,760 restricted shares (various tranches listed in F1) and multiple option tranches with specific vesting/exerciseability notes (see F3–F7).
- No cash received or sale reported; this is a compensation grant (code A for award, derivative noted).
- Filing status: Timely (filed the next day); no late-filing flag reported.
Context
- These grants are compensation awards and time‑based vesting applies; they do not represent an open‑market purchase and do not indicate an immediate sale.
- The derivative entry represents stock options (not an exercise or sale). Options will only convert to shares if/when they vest and are exercised.
- For retail investors: awards are common for executives and are intended for retention; they are informative about management compensation but are not the same as an insider purchase of shares with personal cash.