Form 4: Republic Bancorp Executive Christy Ames Reports Stock Transaction
SEC Form 4
Christy Ames, EVP and General Counsel of Republic Bancorp, reports the acquisition of 70.68 shares of Class A Common Stock at $65.30 per share on September 30, 2024.
Summary
- On September 30, 2024, Christy Ames, the EVP and General Counsel of Republic Bancorp, acquired 70.68 shares of Class A Common Stock at a price of $65.30 per share.
- Following this transaction, Ames directly owns 4,310.397 shares of Class A Common Stock.
- Ames also holds employee stock options for 1,500 shares (exercisable from March 9, 2025, to March 8, 2026, at $32.01), 2,688 shares (exercisable from December 31, 2025, to December 31, 2026, at $42.74), and 2,242 shares (exercisable from January 1, 2027, to January 1, 2030, at $49.25).
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
- The information disclosed is consistent with what is expected for executive stock transactions.
- Comparable companies in the banking sector, such as PNC Financial Services or Fifth Third Bancorp, also have similar filings when their executives trade company stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
- The filing provides transparency to stakeholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of stock acquisition |
| 03/09/2025 | Earliest exercisable date for 1,500 employee stock options |
| 03/08/2026 | Expiration date for 1,500 employee stock options |
| 12/31/2025 | Earliest exercisable date for 2,688 employee stock options |
| 12/31/2026 | Expiration date for 2,688 employee stock options |
| 01/01/2027 | Earliest exercisable date for 2,242 employee stock options |
| 01/01/2030 | Expiration date for 2,242 employee stock options |
| 10/02/2024 | Date of signature for the report |
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