Form 4: Republic Bancorp CEO Logan Pichel Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Republic Bancorp's CEO, Logan Pichel, filed a Form 4 detailing changes in his beneficial ownership of the company's stock, including acquisitions through dividend equivalents, employee stock purchase plan, dividend reinvestment plan, and 401(k) plan.
Summary
- On September 30, 2024, Logan Pichel, the President & CEO of Republic Bancorp, reported changes in his beneficial ownership of Class A Common Stock.
- He acquired 88.35 shares at $65.3.
- He also reported owning 48,391.947 shares directly and 1,259.43 shares indirectly through a 401(k) plan.
- The report also details his ownership of employee stock options with various exercise prices and expiration dates.
- These options allow him to purchase a total of 58,916 shares of Class A Common Stock.
- The filing includes acquisitions under the employee stock purchase plan and dividend reinvestment plan, as well as changes in the value of his 401(k) plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing insider transactions. The CEO's continued investment is a mildly positive signal, but it's not a major event.
Positives
- The CEO's continued investment in the company's stock through various plans could be seen as a positive signal.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of the reported transaction (acquisition of Class A Common Stock). |
| 12/31/2024 | Expiration date of one set of employee stock options. |
| 12/31/2025 | Expiration date of another set of employee stock options. |
| 12/31/2026 | Expiration date of another set of employee stock options. |
| 01/01/2027 | Exercisable date of one set of employee stock options. |
| 01/01/2030 | Expiration date of one set of employee stock options. |
| 10/02/2024 | Date of the report filing. |
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