Form 4: Parke Bancorp CEO Buys Shares in Pre-Planned Trade
Insider Transaction Report
Parke Bancorp's President and CEO, Vito S. Pantilione, reported the acquisition of 1,100 shares of company stock through pre-planned transactions.
Summary
- Vito S. Pantilione, President & CEO and Director of Parke Bancorp, Inc. (PKBK), acquired 1,100 shares of the company's common stock.
- The transactions occurred on July 31, 2025, as part of a pre-planned Rule 10b5-1(c) trading plan.
- Shares were purchased at a price of $20.89 per share.
- The total value of the acquired shares is $22,979.
- Following these transactions, Mr. Pantilione directly owns 227,760 shares and indirectly owns 77,965 shares through various accounts (ITF, IRA, Spouse, 401K).
Sentiment
Score: 7
Explanation: The purchase of company stock by the President and CEO indicates management's confidence in the company's valuation and future prospects, which is generally a positive signal for investors.
Positives
- The President and CEO's purchase of company stock signals confidence in the company's future prospects and valuation.
- The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned investment strategy and long-term commitment.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Vito S. Pantilione, President & CEO and Director of Parke Bancorp, Inc., acquired 1,100 shares of the company's common stock at $20.89 per share, totaling $22,979.
Stakeholder Impact
- Shareholders may view the CEO's stock purchase as a positive indicator of management's belief in the company's value and future performance.
Key Dates
| Date | Description |
|---|---|
| 07/31/2025 | Date of earliest transaction (stock purchase) |
| 08/12/2025 | Date of SEC Form 4 filing |
Recommendation
buyThe purchase of company stock by the President and CEO, especially through a pre-planned Rule 10b5-1(c) plan, signals strong confidence in the company's intrinsic value and future growth trajectory. This insider buying activity often precedes positive company developments or reflects a belief that the stock is undervalued, making it a favorable signal for potential investors.
Keywords
Parke Bancorp, PKBK, insider trading, Form 4, stock purchase, CEO, director, Vito S. Pantilione, financial services, banking, Rule 10b5-1
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