Form 4: Republic Bancorp Director Scott Trager Reports Stock Transactions
SEC Form 4 Filing
Director Scott Trager reports acquisition and disposal of Republic Bancorp stock, along with adjustments to holdings in various related entities.
Summary
- Scott Trager, a director and Vice Chairman of Republic Bancorp, reported transactions involving Class A Common Stock.
- On October 30, 2024, Trager acquired 45 shares at $68.89 each and disposed of 15 shares at the same price.
- Following these transactions, Trager directly owns 203,175.121 shares.
- Trager also has indirect ownership through a 401(k) plan (54,573.774 shares), Jaytee Properties Limited Partnership (1,985.052 shares), Teebank Family Limited Partnership (17,231.037 shares), and Trager Family Irrevocable Trust (60,420 shares).
- The report also covers indirect ownership of derivative securities (convertible Class B Common Stock) through Jaytee Properties Limited Partnership (444.787 shares), Teebank Family Limited Partnership (4,217.524 shares), and Trager Family Irrevocable Trust (2,054 shares).
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions and holdings, without expressing any positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their trading activities. It is typical for directors and officers to have both direct and indirect ownership in the company.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The level of detail provided in this filing is consistent with SEC requirements.
- Comparing Trager's holdings and transactions to those of other directors in similar-sized regional banks could provide further context, but that data is not available in this document.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions themselves are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| February 1, 2024 | Date of execution for the Limited Power of Attorney. |
| October 30, 2024 | Date of stock acquisition and disposal transactions. |
| November 1, 2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.