Form 4: Parke Bancorp Executive VP Exercises Options and Sells Shares
SEC Form 4 Filing
Ralph M. Gallo, Executive VP/COO of Parke Bancorp, exercised stock options and sold shares on March 15, 2024.
Summary
- On March 15, 2024, Ralph M. Gallo, Executive VP/COO of Parke Bancorp, exercised stock options to acquire 4,500 shares of common stock at a price of $12.29 per share.
- Simultaneously, Gallo sold 4,500 shares of common stock at a price of $16.73 per share.
- Following these transactions, Gallo directly owns 404 shares of common stock and 9,646 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 04/24/2021 | Date exercisable for stock options |
| 03/15/2024 | Date of transaction: exercise of stock options and sale of shares |
| 03/18/2024 | Date of signature for the report |
| 04/24/2030 | Expiration date for stock options |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.