Elmy Frederick J. 4
Research Summary
AI-generated summary
RBC Bearings Director Frederick J. Elmy Receives Award (991 Shares)
What Happened
Frederick J. Elmy, a director of RBC Bearings Inc. (RBC), received equity awards on 2026-05-19: 344 shares (direct restricted stock) and 647 derivative awards, both reported at $0.00 per share (totaling 991 shares, $0 cash paid). These awards are compensation grants, not open-market purchases or sales, and are subject to vesting schedules described in the filing’s footnotes.
Key Details
- Transaction date: 2026-05-19; Form 4 filed 2026-05-20 (timely filing).
- Reported price: $0.00 per share; total cash paid = $0.
- Total awarded on this report: 991 shares (344 direct restricted shares + 647 derivative awards).
- Shares owned after the transaction: not specified in the provided data.
- Footnotes of note:
- F1: Shows restricted stock holdings and vesting schedules, including a 344-share tranche that vests 1/3 on 5/19/2027, 1/3 on 5/19/2028 and 1/3 on 5/19/2029 (and other previously granted tranches with separate vest dates).
- F2–F4: Describe multi-year vesting schedules (1/5 per year over five years) for various option grants included in his overall holdings.
- Transaction code: A = Grant/Award (awarded equity, not a purchase or sale).
Context
These awards are compensation-related and typically vest over time, so they do not represent an immediate cash investment by the insider. Derivative awards generally mean the right to receive shares in the future if vesting conditions are met (not an exercise/sale). Such grants are common for executive/director compensation and should be viewed differently than open-market purchases or sales when assessing insider sentiment.