Form 4: Parke Bancorp Officer Granted Restricted Stock Units

Parke Bancorp's Chief Lending Officer, Nicholas J. Pantilione, was granted 3,300 restricted stock units vesting over five years.

Summary

• Nicholas J. Pantilione, Chief Lending Officer of PARKE BANCORP, INC. (PKBK), was granted 3,300 Restricted Stock Units (RSUs).
• The transaction date for this grant was October 21, 2025.
• Each restricted stock unit converts into one share of common stock upon vesting.
• The RSUs vest at a rate of 20% per year for five years.
• The first vesting date is October 21, 2026, and the expiration date for the RSUs is October 21, 2035.
• Following this transaction, Nicholas J. Pantilione beneficially owns 3,300 derivative securities (RSUs) directly.

Sentiment

Score: 6

Explanation: The grant of RSUs is a positive signal for management alignment and retention, but it is a routine compensation event and not indicative of significant operational or financial changes.

Positives

• The grant of Restricted Stock Units aligns the interests of the Chief Lending Officer with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The multi-year vesting schedule (20% per year for 5 years) serves as a retention mechanism for key management personnel.

Future Outlook

The grant of Restricted Stock Units indicates a future increase in the Chief Lending Officer's direct beneficial ownership of common stock as the units vest over the next five years, contingent on continued employment and company performance.

Industry Context

The granting of Restricted Stock Units is a common form of equity-based compensation for executives in the financial services industry, including community banks like Parke Bancorp. This practice is widely used to attract, retain, and incentivize key talent by linking their long-term compensation to the company's stock performance and shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) with a multi-year vesting schedule is a standard practice for executive compensation across the banking sector, comparable to compensation structures at regional banks such as Fulton Financial Corporation (FULT) or OceanFirst Financial Corp. (OCFC).
• The vesting schedule of 20% per year for 5 years is a typical structure designed to promote long-term retention and align executive interests with shareholder value over a sustained period, consistent with corporate governance best practices for executive incentive plans.

Stakeholder Impact

• Shareholders: The RSU grant aligns the Chief Lending Officer's financial interests with shareholder value creation, potentially leading to more focused long-term decision-making.
• Employees: This type of compensation can signal stability and a commitment to retaining key talent within the company.

Next Steps

• The Restricted Stock Units will vest annually at 20% over the next five years, starting October 21, 2026, leading to the conversion of units into common stock.

Key Dates

Keywords

Parke Bancorp, PKBK, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Stock Grant, Chief Lending Officer