Form 4: PKBK Director's Stock Option Exercise & RSU Grant

Parke Bancorp Director Edward Infantolino exercised stock options and received restricted stock units, increasing his direct and indirect holdings.

Summary

• Edward Infantolino, a Director of PARKE BANCORP, INC. (PKBK), reported transactions involving the company's common stock.
• On December 22, 2025, Infantolino acquired 7,321 shares of common stock through the exercise of stock options at a price of $7.81 per share.
• Following this transaction, his direct beneficial ownership of common stock increased to 51,058 shares.
• Infantolino also holds indirect beneficial ownership of 10,900 shares in an IRA, 133,434 shares through Celebration Investment, LLC, and 2,111 shares under 'Kids Names'.
• On October 21, 2025, Infantolino was granted 2,500 Restricted Stock Units (RSUs) at a price of $0 per unit.
• Each RSU converts into one share of common stock upon vesting, with vesting occurring at 20% per year over 5 years, starting October 21, 2026.
• The exercised stock options, originally granted on January 19, 2017, with an exercise price of $7.81, are now fully exercised, leaving 0 options remaining from that grant.
• Infantolino still holds other stock options: 12,375 options at $20.14 (expiring 08/22/2028), 22,500 options at $12.29 (expiring 04/24/2030), and 5,000 options at $21.66 (expiring 06/12/2032).

Sentiment

Score: 7

Explanation: The sentiment is generally positive as a director is increasing their direct and future equity stake in the company through option exercise and RSU grants, which often signals confidence in the company's prospects. The transaction was also pre-planned under a 10b5-1 plan.

Positives

• A Director exercised stock options, indicating a potential belief in the company's future performance at the time of the original grant.
• The acquisition of 2,500 Restricted Stock Units (RSUs) at no cost represents a future equity stake and aligns management's interests with shareholders.
• Increased direct beneficial ownership by a director can be viewed positively by investors as a sign of confidence in the company.

Future Outlook

The 2,500 Restricted Stock Units granted to the director will vest at a rate of 20% per year over five years, commencing on October 21, 2026, and will convert into common stock upon vesting. The director also holds additional unexercised stock options with various expiration dates extending to 2032.

Stakeholder Impact

• Shareholders may view the director's increased equity ownership as a positive signal, indicating alignment of interests and confidence in the company's future.
• The RSU grant provides a long-term incentive for the director, potentially enhancing management stability and focus on sustained performance.

Next Steps

• The 2,500 Restricted Stock Units will begin vesting at 20% per year starting October 21, 2026.
• The director may choose to exercise remaining stock options prior to their respective expiration dates (August 22, 2028; April 24, 2030; June 12, 2032).

Key Dates

Keywords

PARKE BANCORP, PKBK, Form 4, Insider Transaction, Stock Options, Restricted Stock Units, Director, Beneficial Ownership, Equity Compensation