The estimated Net Worth of Michael J Hartnett is at least $144 Milion dollars as of 28 November 2022. Michael Hartnett owns over 2,398 units of RBC Bearings stock worth over $58,795,067 and over the last 19 years he sold ROLL stock worth over $72,611,732. In addition, he makes $12,465,100 as Chairman of the Board, President a Chief Executive Officer at RBC Bearings.
Michael has made over 87 trades of the RBC Bearings stock since 2011, according to the Form 4 filled with the SEC. Most recently he exercised 2,398 units of ROLL stock worth $174,910 on 28 November 2022.
The largest trade he's ever made was selling 105,202 units of RBC Bearings stock on 1 June 2018 worth over $13,501,625. On average, Michael trades about 11,521 units every 26 days since 2005. As of 28 November 2022 he still owns at least 276,839 units of RBC Bearings stock.
You can see the complete history of Michael Hartnett stock trades at the bottom of the page.
Dr. Michael J. Hartnett serves as Chairman of the Board, President, Chief Executive Officer of the Company. He has been with the Company for 26 years. He has been the President and Chief Executive Officer since 1992 and Chairman of the Board since 1993. Prior to that, Dr. Hartnett served as President and General Manager of our Industrial Tectonics Bearings Corporation, or ITB, subsidiary from 1990, following eighteen years at The Torrington Company, one of the three largest bearings manufacturers in the U.S. While at The Torrington Company, Dr. Hartnett held the position of Vice President and General Manager of the Aerospace Business Unit and was, prior to that, Vice President of the Research and Development Division. Dr. Hartnett holds an undergraduate degree from the University of New Haven, a Masters degree from Worcester Polytechnic Institute and a Doctoral degree in Applied Mechanics from the University of Connecticut. Dr. Hartnett has also developed numerous patents, authored more than two dozen technical papers and is well known for his contributions to the field of tribology, the study of friction. Dr. Hartnett served as a director of ATC Technology Corporation, a publicly-owned third-party logistics and automotive aftermarket service provider, until 2010, and served as a director of Process Fab Inc., a private company in the business of precision manufacturing and related services until 2014. Dr. Hartnett provides the Board with significant leadership and executive experience. His proven leadership capability and his strong knowledge of the complex financial and operational issues facing mid-sized companies provides the Board with a unique and necessary perspective.
As the Chairman of the Board, President a Chief Executive Officer of RBC Bearings, the total compensation of Michael Hartnett at RBC Bearings is $12,465,100. There are no executives at RBC Bearings getting paid more.
Michael Hartnett is 74, he's been the Chairman of the Board, President a Chief Executive Officer of RBC Bearings since 1993. There are 3 older and 13 younger executives at RBC Bearings. The oldest executive at RBC Bearings Inc. is Edward Stewart, 77, who is the Independent Director.
Michael's mailing address filed with the SEC is 102 WILLENBROCK ROAD, ONE TRIBOLOGY CENTER, OXFORD, CT, 06478.
Over the last 19 years, insiders at RBC Bearings have traded over $94,032,282 worth of RBC Bearings stock and bought 8,000 units worth $491,908 . The most active insiders traders include Michael J Hartnett, Peter M Castleman a Mitchell I Quain. On average, RBC Bearings executives and independent directors trade stock every 19 days with the average trade being worth of $2,837,609. The most recent stock trade was executed by Michael J Hartnett on 28 November 2022, trading 2,398 units of ROLL stock currently worth $174,910.
RBC Bearings executives and other stock owners filed with the SEC include: