RBC Bearings INC
For the period ended Dec 30, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 30, 2023 · Filed Feb 8, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Unregistered Sales of Equity Securities
None.
Use of Proceeds
Issuer Purchases of Equity Securities
In 2019, our Board of Directors authorized us to repurchase up to $100.0 of our common stock from time to time on the open market, in block trade transactions, and through privately negotiated transactions, in compliance with SEC Rule 10b-18 depending on market conditions, alternative uses of capital, and other relevant factors. Purchases may be commenced, suspended, or discontinued at any time without prior notice. Our share repurchases are generally related to tax withholdings on the vesting of restricted stock awards.
Total share repurchases under the 2019 plan for the three months ended December 30, 2023 are as follows:
| Period | Total number of shares purchased | Average price paid per share | Number of shares purchased as part of the publicly announced program | Approximate dollar value of shares still available to be purchased under the program (in millions) |
|---|---|---|---|---|
| 10/01/2023 – 10/28/2023 | 134 | $234.59 | 134 | $64.3 |
| 10/29/2023 – 11/25/2023 | 162 | 225.21 | 162 | 64.3 |
| 11/26/2023 – 12/30/2023 | 2,231 | 275.37 | 2,231 | $63.7 |
| Total | 2,527 | $269.99 | 2,527 |
During the third quarter of fiscal 2024, we did not issue any common stock that was not registered under the Securities Act of 1933.
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