Boyan Barry C. 4
Research Summary
AI-generated summary
RBC Bearings Director Barry C. Boyan Sells 555 Shares
What Happened Barry C. Boyan, a director of RBC Bearings Inc. (RBC), sold 555 shares of company common stock in an open-market transaction on June 3, 2026. The shares were sold at $591.63 per share for a total proceeds of approximately $328,354. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date and price: June 3, 2026 — 555 shares sold at $591.63 each (total ≈ $328,354).
- Transaction type: Open-market sale (coded S).
- Shares owned after transaction: Not specified in the provided filing summary.
- Filing timeliness: Report filed the same day (June 3, 2026), indicating a timely Form 4 filing.
- Notable footnotes (vesting/option details disclosed on the Form 4):
- F1: 2,144 restricted shares (RSUs) with staged vesting across 7/2026–5/2029 (various tranche schedules).
- F2–F5: Multiple stock option tranches largely exercisable now except for specified unvested portions (698; 1,200; 102; 1,600 options) that vest between July–October 2026 and through 2029.
- F6: Additional options vesting 1/5 annually from 5/19/2027 through 5/19/2031.
- No indication of a 10b5-1 plan, tax-withholding sale, gift, or exercise-for-sale in the provided notes.
Context Insider sales like this are common and do not by themselves indicate company performance or director sentiment. The filing shows Boyan still has restricted shares and unvested option tranches according to the schedules above, which can align his longer-term incentives with shareholders.