BERGERON DANIEL A 4
Research Summary
AI-generated summary
RBC Bearings VP/COO Daniel Bergeron Sells 1,630 Shares
What Happened
- Daniel A. Bergeron, Vice President, Chief Operating Officer and a director of RBC Bearings (RBC), had 1,630 shares withheld by the company to cover tax liabilities related to the vesting of restricted stock. The shares were valued at $571.96 each, for a total of $932,295. This is a withholding-for-taxes event (code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-06-01; 1,630 shares at $571.96 per share (total ~$932,295).
- Transaction code: F — shares withheld to pay tax liability on vested restricted stock (cashless/tax-withholding disposition).
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: Confirms shares were withheld by the company to satisfy tax withholding.
- Footnote F2: Bergeron still has 9,176 restricted shares outstanding with this vesting schedule: 2,245 shares vest 5/23/2027; 3,194 shares (half vest 5/28/2027, half 5/28/2028); 3,737 shares (one-third vest 5/19/2027, one-third 5/19/2028, one-third 5/19/2029).
- Filing timing: Form filed 2026-06-05 reporting a 2026-06-01 transaction (filed four days after the transaction), which appears later than the typical two-business-day Form 4 deadline.
Context
- This was a tax-withholding disposition tied to restricted stock vesting — a routine administrative action that reduces an insider’s share count but does not necessarily reflect a decision to sell shares in the open market.
- Such withholding transactions are common when restricted stock vests; they should be interpreted differently from voluntary open-market sales or purchases.