The estimated Net Worth of Rakesh Sachdev is at least $38.6 Milhão dollars as of 28 February 2024. Mr. Sachdev owns over 6,711 units of RBC Bearings stock worth over $38,284,553 and over the last 16 years he sold RBC stock worth over $0. In addition, he makes $342,467 as Independent Chairman of the Board at RBC Bearings.
Rakesh has made over 9 trades of the RBC Bearings stock since 2017, according to the Form 4 filled with the SEC. Most recently he exercised 6,711 units of RBC stock worth $1,905,454 on 28 February 2024.
The largest trade he's ever made was exercising 183,824 units of RBC Bearings stock on 11 June 2019 worth over $1,461,401. On average, Rakesh trades about 7,816 units every 51 days since 2009. As of 28 February 2024 he still owns at least 134,838 units of RBC Bearings stock.
You can see the complete history of Mr. Sachdev stock trades at the bottom of the page.
Rakesh Sachdev serves as Independent Chairman of the Board of the Company. Mr. Sachdev is a director of Element Solutions Inc (formerly Platform Specialty Products Corporation, a global diversified producer of high-technology specialty chemicals and a provider of technical services) since 2016. He recently retired from his position as the Chief Executive Officer of Platform Specialty Products Corporation. Prior to that role, Mr. Sachdev served as a director and the President and Chief Executive Officer of Sigma-Aldrich Corporation (a life science and technology company) from 2010-2015 and as the Vice President and Chief Financial Officer from 2008-2010. Mr. Sachdev also served in various executive positions with ArvinMeritor, Inc. (a supplier of automotive components) from 1999-2008. Mr. Sachdev has a B.S. in Mechanical Engineering from the Indian Institute of Technology in New Delhi, India, an M.B.A. in Finance from Indiana University, and an M.S. in Mechanical Engineering from the University of Illinois. Mr. Sachdev serves as a director of Edgewell Personal Care Products Corp. Among the qualities, skills, and attributes desired by our Board.
As the Independent Chairman of the Board of RBC Bearings, the total compensation of Rakesh Sachdev at RBC Bearings is $342,467. There are 7 executives at RBC Bearings getting paid more, with Louis Pinkham having the highest compensation of $6,390,220.
Rakesh Sachdev is 64, he's been the Independent Chairman of the Board of RBC Bearings since 2019. There are 2 older and 18 younger executives at RBC Bearings. The oldest executive at RBC Bearings Inc. is Christopher Doerr, 70, who is the Independent Director.
Rakesh's mailing address filed with the SEC is 27500 RIVERVIEW CENTER BLVD., , BONITA SPRINGS, FL, 34134.
Over the last 22 years, insiders at RBC Bearings have traded over $163,484,928 worth of RBC Bearings stock and bought 22,877 units worth $780,750 . The most active insiders traders include Electric Co General, Dean A Foate, eHenry W Knueppel. On average, RBC Bearings executives and independent directors trade stock every 52 days with the average trade being worth of $15,823,703. The most recent stock trade was executed by Scott Douglas Brown on 25 May 2021, trading 5,084 units of RBC stock currently worth $709,269.
rbc bearings is a well known international manufacturer and marketer of highly engineered precision plain, roller and ball bearings. while we manufacture products in all major bearing categories, our focus is primarily on highly technical or regulated bearing products for specialized markets that require sophisticated design, testing and manufacturing capabilities. our unique expertise has enabled us to garner leading positions in many of the product markets in which we primarily compete. rbc bearings provides our global industrial, aerospace, and defense customers with unique design solutions to complex problems and an unparalleled level of service, quality, and support.
RBC Bearings executives and other stock owners filed with the SEC include: