Feeney John J. 4
Research Summary
AI-generated summary
RBC Bearings (RBC) VP John J. Feeney Withholds Shares for Taxes
What Happened
- John J. Feeney, Vice President and Secretary of RBC Bearings (RBC), had company shares withheld to satisfy tax withholding on vested restricted stock (transaction code F).
- On 2026-06-01, 36 shares were withheld at $571.96 each (value $20,591). On 2026-06-03, 95 shares were withheld at $578.34 each (value $54,942). Combined, 131 shares were withheld for taxes, totaling approximately $75,533.
- This is a routine disposition (share withholding to cover taxes on vesting), not an open-market sell or a purchase.
Key Details
- Transaction dates and prices:
- 2026-06-01 — 36 shares withheld @ $571.96 ($20,591)
- 2026-06-03 — 95 shares withheld @ $578.34 ($54,942)
- Shares owned after transaction: the filing does not state a single aggregate “owned after” total for all holdings; filing footnotes detail remaining restricted stock and option vesting schedules (see below).
- Notable footnotes:
- F1 — Shares were withheld by the company to pay the tax liability related to restricted stock vesting (i.e., tax withholding, not a market sale directed by the insider).
- F2/F3 — The filing lists additional restricted-stock balances and detailed multi-year vesting schedules (totaling items of 1,480 and 1,180 shares across several vesting dates).
- F4–F8 — Describe vesting schedules for outstanding stock options referenced in the filing.
- Timeliness: Report filed 2026-06-05 for transactions on 6/1 and 6/3 — appears to be filed within the required Form 4 timing (no late filing indicated).
Context
- Tax-withholding disposals (code F) are routine when restricted stock vests: the company withholds shares instead of requiring a cash payment for taxes. They generally do not signal insider sentiment about the company’s outlook.
- This was not an open-market sale or a purchase; no options exercise-for-cashless-sale was reported here — just share withholding to satisfy tax obligations.