Form 4: Republic Bancorp EVP Acquires Additional Class A Common Stock
Insider Trading Report
Jeff Starke, Executive Vice President and Chief Information Officer of Republic Bancorp Inc., reported the acquisition of 92.06 shares of Class A Common Stock and updated his beneficial ownership, including existing stock options.
Summary
- Jeff Starke, EVP, Chief Information Officer of Republic Bancorp Inc. (RBCAA), reported changes in his beneficial ownership of company securities.
- On June 30, 2025, Mr. Starke acquired 92.06 shares of Class A Common Stock at a price of $73.11 per share.
- Following this transaction, Mr. Starke directly beneficially owns 4,939.24 shares of Class A Common Stock.
- An additional 812.96 shares of Class A Common Stock are indirectly beneficially owned through a 401(k) Plan.
- The direct ownership includes 13.67 shares acquired under the Issuer's dividend reinvestment plan and additional dividend equivalent rights since the last report.
- The indirect ownership reflects additions to and changes in value of the 401(k) plan since the last ownership report.
- Mr. Starke also holds several employee stock options for Class A Common Stock, including 6,085 shares at an exercise price of $51.39 (exercisable 12/31/2024, expiring 12/31/2025), 6,720 shares at $42.74 (exercisable 12/31/2025, expiring 12/31/2026), 5,605 shares at $49.25 (exercisable 01/01/2027, expiring 01/01/2030), and 4,055 shares at $68.02 (exercisable 01/01/2028, expiring 01/01/2031).
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as it indicates an insider (EVP, CIO) is acquiring company stock, which can be interpreted as a sign of confidence in the company's future. However, the quantity of shares acquired is relatively small.
Positives
- An executive's acquisition of company stock, even a small amount, can signal confidence in the company's future prospects.
- The reporting person holds a significant number of employee stock options, indicating long-term alignment with shareholder interests.
Future Outlook
The document is a routine insider transaction report and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing reflects a routine insider transaction within the financial services sector, specifically for a banking institution. Such filings are common and provide transparency into executive stock ownership, which can be a factor in assessing management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders: Provides transparency on executive stock ownership and potential alignment of interests. Insider buying can be viewed positively by investors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Exercisable date for 6,085 employee stock options with an exercise price of $51.39. |
| 06/30/2025 | Date of earliest transaction, involving the acquisition of 92.06 shares of Class A Common Stock. |
| 07/02/2025 | Signature date of the reporting person's attorney-in-fact for the filing. |
| 12/31/2025 | Expiration date for 6,085 employee stock options with an exercise price of $51.39. |
| 12/31/2025 | Exercisable date for 6,720 employee stock options with an exercise price of $42.74. |
| 12/31/2026 | Expiration date for 6,720 employee stock options with an exercise price of $42.74. |
| 01/01/2027 | Exercisable date for 5,605 employee stock options with an exercise price of $49.25. |
| 01/01/2028 | Exercisable date for 4,055 employee stock options with an exercise price of $68.02. |
| 01/01/2030 | Expiration date for 5,605 employee stock options with an exercise price of $49.25. |
| 01/01/2031 | Expiration date for 4,055 employee stock options with an exercise price of $68.02. |
Keywords
Republic Bancorp, RBCAA, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Acquisition, Employee Stock Options, Financial Services, Banking
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