HARTNETT MICHAEL J 4

What Happened
Michael J. Hartnett, President, CEO and a director of RBC Bearings (RBC), had 2,653 shares withheld by the company on 2026-05-23 to satisfy tax withholding related to the vesting of restricted stock. The withheld shares were valued at $559.95 each, for a total disposition of $1,485,547. This is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and filing: transaction occurred 2026-05-23; Form 4 filed 2026-05-28 (filed five days after the transaction; appears later than the typical two-business-day Form 4 reporting window).
• Price and value: 2,653 shares at $559.95 per share, total $1,485,547.
• Transaction code: F — shares withheld by the company to pay tax liability on vested restricted stock (cashless/withholding disposition).
• Shares owned after transaction: not specified in the provided excerpt; filing notes Hartnett has restricted stock holdings (see footnote).
• Notable footnotes from the filing:
  • F1: Shares were withheld by the Company to pay tax liability related to restricted stock vesting.
  • F2: Indicates 16,277 shares of restricted stock in total, vesting as follows: 10,555 shares on 6/1/2026 and 5,722 shares on 5/23/2027.
  • F3: Some stock options referenced vest on 6/3/2026.

Context
This was a routine tax-withholding disposition tied to restricted stock vesting (not a discretionary open-market sale), which is common when executives receive equity awards. Such withholdings do not necessarily signal a view on the company’s prospects. The delayed filing may be notable for compliance tracking but does not change the economic nature of the transaction.