leadership
confidence high
sentiment neutral
materiality 0.40
RBC Bearings amends CEO Hartnett and COO Bergeron employment agreements, raising base salaries 3%
RBC Bearings INC
- CEO Hartnett base salary raised to $1,591,350/year (3% increase, retroactive to June 1, 2026).
- COO Bergeron base salary increased to $713,482/year (3% increase, effective June 1, 2026).
- Equity awards now sized using 6-month average closing stock price preceding Form 10-K filing instead of award date price.
- ROIC definitions in employment agreements modified to align with company's historical practice.
- CEO Hartnett's agreement renewed through March 31, 2027 with automatic annual renewals.