Form 4: Parke Bancorp Director Daniel Dalton Sells 5,000 Shares

Daniel Dalton, a director at Parke Bancorp, sold 5,000 shares of common stock at a price of $20.958 on October 24, 2024.

Summary

• On October 24, 2024, Daniel J. Dalton, a director and Chairman of the Board at Parke Bancorp, sold 5,000 shares of the company's common stock.
• The transaction was executed at a price of $20.958 per share.
• Following the transaction, Dalton directly owns 71,319 shares of Parke Bancorp common stock.
• Dalton also indirectly owns 56,729 shares through a Grantor Charitable Remainder Trust and 1,367 shares through UTMA.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. It is difficult to assess the context of this transaction without more information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates