Form 4: Parke Bancorp Director Sells 10,000 Shares

Jeffrey H. Kripitz, a director at Parke Bancorp, sold 10,000 shares of common stock at an average price of $22.77 per share.

Summary

• Jeffrey H. Kripitz, a director of Parke Bancorp, sold 10,000 shares of the company's common stock on November 20, 2024.
• The sale was executed at a weighted average price of $22.77 per share, with individual prices ranging from $22.70 to $22.91.
• Following the transaction, Mr. Kripitz directly owns 73,013 shares of Parke Bancorp.
• He also indirectly owns 75,543 shares through a PSP, 43,175 shares through an IRA, 28,985 shares through a trust, and 27,602 shares through an ITF.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The sale by a director is not unusual, but the size of the transaction and the context of the company's performance may be relevant to investors.
• Comparable companies would also have similar filings when directors or officers trade their stock.

Stakeholder Impact

• The sale of shares by a director may be of interest to shareholders, as it could be interpreted as a signal of the director's view of the company's prospects.

Key Dates

Keywords

Parke Bancorp, PKBK, insider trading, stock sale, director, Jeffrey H. Kripitz, Form 4