Kaplan Steven H. 4
Research Summary
AI-generated summary
RBC Bearings (RBC) Director Steven H. Kaplan Sells 350 Shares
What Happened
Steven H. Kaplan, a director of RBC Bearings Inc. (RBC), sold 350 shares of common stock in an open-market transaction on June 17, 2026. The shares were sold at $631.79 per share for total proceeds of approximately $221,128. This was a sale (not a purchase or option exercise), which for insiders is often routine portfolio activity rather than a direct signal of company prospects.
Key Details
- Transaction date and price: 2026-06-17, 350 shares sold at $631.79 per share.
- Transaction value: ~ $221,128.
- Shares owned after transaction: Not specified in the information provided in this summary.
- Notable footnotes about Kaplan’s holdings:
- F1: 925 restricted shares with staged vesting (226 vest 5/29/2027; 355 split vest 5/30/2027 & 5/30/2028; 344 vest in thirds 5/19/2027–5/19/2029).
- F2–F6: Multiple option grants with most options exercisable now except specific unvested tranches (examples: 200 options vest 6/6/2027; others vest in 2027–2031 per schedules in footnotes).
- Filing timeliness: Form filed 2026-06-22 for a 2026-06-17 transaction (filed five days after the trade), which appears to be later than the standard two-business-day Form 4 deadline.
Context
- This was an open-market sale (transaction code S). Sales by directors can be routine (tax planning, diversification) and do not by themselves prove a change in insider view.
- Several of Kaplan’s equity holdings are subject to future vesting schedules; some option tranches remain unvested and will vest on dates between 2027 and 2031 per footnotes.