Form 4: Republic Bancorp Director Andrew Trager-Kusman Reports Transactions in Class A Common Stock

Director Andrew Trager-Kusman reports acquisition and disposal of Republic Bancorp Class A Common Stock, including transactions related to option exercises and tax withholding.

Summary

• On March 22, 2024, Andrew Trager-Kusman, a director of Republic Bancorp Inc, reported several transactions involving Class A Common Stock.
• These transactions included the acquisition of shares through the exercise of employee stock options at prices of $44.08 and $35.92, each for 1,000 shares.
• The report also indicates the disposal of shares to cover tax obligations at a price of $49.50, with 930 and 825 shares disposed of respectively.
• Following these transactions, Trager-Kusman directly owns 932.03 shares and indirectly owns 10,867.721 shares through Jaytee Properties Limited Partnership and 262,603.221 shares through Teebank Family Limited Partnership.
• Additionally, Trager-Kusman indirectly owns derivative securities convertible to 2,435.108 Class A Common Stock through Jaytee and 64,275.609 through Teebank.
• The report also details the ownership of employee stock options to purchase 1,000 shares of Class A Common Stock at $35.92, exercisable on 03/10/2025 and expiring on 03/09/2026.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to stock options and tax obligations, without indicating any significant positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It allows investors to monitor the actions of key personnel and their sentiment towards the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by directors and officers of comparable regional banks, such as Fifth Third Bancorp and PNC Financial Services, whenever they engage in transactions involving their company's stock.
• The details disclosed, such as the number of shares traded and the prices involved, are consistent with the level of information required in such filings across the industry.

Key Dates