Form 4: Parke Bancorp CEO Vito Pantilione Increases Stake in Company

Vito Pantilione, President & CEO of Parke Bancorp, recently purchased additional shares of the company's common stock.

Summary

• On November 4, 2024, Vito S. Pantilione, the President & CEO and a Director of Parke Bancorp, Inc. (PKBK), acquired 500 shares of common stock at a price of $20.88 per share.
• He also acquired 600 shares of common stock at a price of $20.88 per share.
• Following these transactions, Pantilione directly owns 218,260 shares of Parke Bancorp.
• He also has indirect ownership through an Individual Trust Fund (ITF) with 14,942 shares, an Individual Retirement Account (IRA) with 43,958 shares, shares held by his spouse with 2,225 shares, and shares held in a 401K with 15,640 shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the CEO's increased investment in the company, which can be interpreted as a sign of confidence. However, it's a routine Form 4 filing, so the impact is limited.

Positives

• The CEO's purchase of additional shares may signal confidence in the company's future performance.

Industry Context

Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued.

Stakeholder Impact

• Shareholders may view the CEO's purchase as a positive signal.
• The purchase could potentially increase investor confidence.

Key Dates