8-KCurrent report
Material agreement
✓ VerifiedRBC Bearings signed a new employment agreement with chief executive Michael Hartnett at a base salary of $1,591,350, a 3.0% increase, with equity awards now sized on a six-month average stock price.
5.02 Officer or director change
Filed Jun 24, 2026 · 16:31 ET
Summary
- The new agreement, dated June 23, 2026, amends and restates Dr. Hartnett's 2024 employment agreement, with an initial term to March 31, 2027 and automatic annual renewals.
- Base salary is $1,591,350 per year, retroactive to June 1, 2026.
- Equity awards are now sized on RBC's average closing price for the six months preceding the annual report filing rather than the award-date close; Mr. Bergeron's agreement was amended the same way.
Key facts
- CEO base salary
- $1,591,350
From the filing for CEO base salary
“new base salary of $1,591,350 per year (a 3.0% increase over the prior year)”
Why it mattersSix-month average pricing for equity grants smooths award sizing against single-day stock moves.
- Filed
- Jun 24, 2026
- Accepted
- 2026-06-24 20:31Z
- Period
- Jun 23, 2026
- Accession no.
- 0001213900-26-071512
- Size
- 385 KB
- Index
- Filing index