Form 4: Republic Bancorp Executive Acquires Shares and Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Anthony T. Powell, EVP and Chief Lending Officer of Republic Bancorp, reports the acquisition of shares and changes in beneficial ownership, including those held in a 401(k) plan and through employee stock options.
Summary
- On September 30, 2024, Anthony T. Powell, EVP and Chief Lending Officer of Republic Bancorp, acquired 88.392 shares of Class A Common Stock at a price of $65.3 per share.
- Powell also reported changes in the amount of Class A Common Stock held indirectly through a 401(k) plan.
- Powell holds employee stock options to purchase shares of Class A Common Stock at various exercise prices and expiration dates.
- These options include the right to buy 1,500 shares at $35.92 expiring on March 9, 2025, another 1,500 shares at $35.92 expiring on March 9, 2026, 4,868 shares at $51.39 expiring on December 31, 2025, 5,376 shares at $42.74 expiring on December 31, 2026 and 4,484 shares at $49.25 expiring on January 1, 2030.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating an executive's stock transactions. The acquisition of shares could be seen as slightly positive, but it's not a major event.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may view the executive's stock purchase as a sign of confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date exercisable for employee stock option (right to buy) Class A Common Stock |
| 03/09/2025 | Expiration date for employee stock option (right to buy) Class A Common Stock |
| 03/10/2025 | Date exercisable for employee stock option (right to buy) Class A Common Stock |
| 03/09/2026 | Expiration date for employee stock option (right to buy) Class A Common Stock |
| 09/30/2024 | Date of transaction for the acquisition of Class A Common Stock and additions to 401(k) plan. |
| 12/31/2024 | Date exercisable for employee stock option (right to buy) Class A Common Stock |
| 12/31/2025 | Expiration date for employee stock option (right to buy) Class A Common Stock |
| 12/31/2025 | Date exercisable for employee stock option (right to buy) Class A Common Stock |
| 12/31/2026 | Expiration date for employee stock option (right to buy) Class A Common Stock |
| 01/01/2027 | Date exercisable for employee stock option (right to buy) Class A Common Stock |
| 01/01/2030 | Expiration date for employee stock option (right to buy) Class A Common Stock |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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