The estimated Net Worth of Patrick S. Bannon is at least $9.5 Million dollars as of 9 August 2022. Mr. Bannon owns over 12,000 units of RBC Bearings stock worth over $5,206,496 and over the last 7 years he sold ROLL stock worth over $2,523,094. In addition, he makes $1,766,510 as Vice President and General Manager at RBC Bearings.
Patrick has made over 9 trades of the RBC Bearings stock since 2018, according to the Form 4 filled with the SEC. Most recently he exercised 12,000 units of ROLL stock worth $1,563,240 on 9 August 2022.
The largest trade he's ever made was exercising 12,000 units of RBC Bearings stock on 9 August 2022 worth over $1,563,240. On average, Patrick trades about 1,438 units every 60 days since 2018. As of 9 August 2022 he still owns at least 24,515 units of RBC Bearings stock.
You can see the complete history of Mr. Bannon stock trades at the bottom of the page.
Patrick S. Bannon serves as Vice President, General Manager of the Company. Mr. Bannon has been with the Company since 1991. He was appointed Vice President and General Manager in 2017. He started his career as a manufacturing engineering manager with the Company’s ITB business in 1991 and then transferred to the Heim Bearings business as a manufacturing manager in 1995, and was promoted to plant manager of the Company’s ITB business in 1997. In 2002 he also assumed responsibility for the Company’s operations in Mexico. He was promoted to plant manager of the Company’s Aircraft Products operations in 2004 maintaining responsibility for Mexico and the Company’s engineered components business and was subsequently promoted to General Manager in 2008. In 2016 he also added General Manager responsibility for the Company’s AeroStructures and AeroComponents businesses. In 2017, he added management responsibilities for the Company’s Heim Bearings business. Mr. Bannon has a Bachelor of Science degree in Mechanical Engineering from Worcester Polytechnic Institute.
As the Vice President and General Manager of RBC Bearings, the total compensation of Patrick Bannon at RBC Bearings is $1,766,510. There are 3 executives at RBC Bearings getting paid more, with Michael Hartnett having the highest compensation of $12,465,100.
Patrick Bannon is 55, he's been the Vice President and General Manager of RBC Bearings since 2017. There are 12 older and 4 younger executives at RBC Bearings. The oldest executive at RBC Bearings Inc. is Edward Stewart, 77, who is the Independent Director.
Patrick's mailing address filed with the SEC is 131 Woods Way Dr, Southbury, CT 06488, USA.
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, and 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: