RBC Bearings CEO Hartnett signs new employment agreement; salary rises 3.0% to $1.59 million
RBC Bearings entered into a new amended and restated employment agreement with CEO Michael Hartnett and an amendment to COO Daniel Bergeron's 2024 agreement, both dated June 23, 2026. The filing changes how equity awards are sized, using the average closing stock price over the six months before the 10-K filing, and aligns ROIC definitions with the company's historical practice.
Key points
- Hartnett's base salary rises 3.0% to $1,591,350 per year, retroactive to June 1, 2026.
- Bergeron's base salary rises 3.0% to $713,482, effective June 1, 2026.
- Hartnett's new agreement has an initial term ending March 31, 2027, with automatic annual renewals unless either party gives 90 days' notice.
- Equity awards for both executives will be sized on the six-month average closing price before the 10-K filing, rather than the award-date closing price.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.