---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-032056"
form_type: "8-K"
ticker: "RBC"
cik: "0001324948"
company_name: "RBC Bearings INC"
filed_at: "2022-06-09T23:59:59+00:00"
generated_at: "2026-06-25T03:04:28.324514+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RBC Bearings CEO and COO forgo $10.85M and $5.03M in compensation under new equity program

## Summary
- CEO Hartnett and COO Bergeron each waived previously earned equity awards worth $16.8M and $7.37M, receiving restricted stock worth $5.99M and $2.34M.
- New compensation program replaces one-year equity cycle with three-year performance metrics based on EBITDA and ROIC.
- CEO base salary increased retroactively to $950,000; COO base salary raised to $610,000 retroactively.
- Employment agreements amended and restated, initial term expires March 31, 2024, with automatic annual renewal.
- Changes were made in response to recent say-on-pay results and approved by Compensation Committee on June 3, 2022.

## SEC filing metadata
- accession: 0001213900-22-032056
- form_type: 8-K
- ticker: RBC
- cik: 0001324948
- company_name: RBC Bearings INC
- filed_at: 2022-06-09T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1324948/000121390022032056/0001213900-22-032056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1324948/000121390022032056/ea161400-8k_rbcbearings.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-032056
- JSON: https://secwatch.observer/filing/0001213900-22-032056.json
- Plain text: https://secwatch.observer/filing/0001213900-22-032056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.