Form 4: Republic Bancorp Director Andrew Trager Kusman Reports Changes in Beneficial Ownership

Director Andrew Trager Kusman reports changes in beneficial ownership of Republic Bancorp stock due to dividend equivalent rights and holdings through family limited partnerships.

Summary

• On September 30, 2024, Andrew Trager Kusman, a director of Republic Bancorp Inc, reported changes in his beneficial ownership of the company's Class A Common Stock.
• He acquired 42.45 shares of Class A Common Stock at $65.30 per share.
• Following the transaction, he directly owns 1,093.463 shares and indirectly owns 10,867.721 shares through Jaytee Properties Limited Partnership and 262,603.221 shares through Teebank Family Limited Partnership.
• He also indirectly holds derivative securities related to Class B Common Stock through Jaytee and Teebank.
• Additionally, he holds an employee stock option to buy 1,000 shares of Class A Common Stock at $35.92, exercisable from March 10, 2025, to March 9, 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the sentiment is neutral as it simply reports transactions.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with SEC regulations and reporting requirements.
• Similar filings can be observed for directors and officers of comparable financial institutions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a director.
• It helps maintain investor confidence by ensuring compliance with SEC regulations.

Key Dates