Form 4: Republic Bancorp Executive Increases Stake Through Dividend Equivalent Rights and Holds Significant Stock Options

Steven E. DeWeese, EVP and Managing Director of Commercial & Private Banking at Republic Bancorp, has increased his direct beneficial ownership of Class A Common Stock through the acquisition of dividend equivalent rights.

Summary

• Steven E. DeWeese, an Executive Vice President and Managing Director of Commercial & Private Banking at Republic Bancorp Inc. (RBCAA), reported changes in his beneficial ownership.
• Acquired 73.78 shares of Class A Common Stock at a price of $73.11 per share on June 30, 2025, reflecting additional dividend equivalent rights.
• Directly owns 33,491.73 shares of Class A Common Stock following the reported transaction.
• Indirectly owns 9,461 shares of Class A Common Stock through a 401(k) Plan.
• Holds four tranches of employee stock options for Class A Common Stock:
• 1,000 shares with an exercise price of $35.92, exercisable from March 10, 2025, expiring March 9, 2026.
• 2,688 shares with an exercise price of $42.74, exercisable from December 31, 2025, expiring December 31, 2026.
• 2,242 shares with an exercise price of $49.25, exercisable from January 1, 2027, expiring January 1, 2030.
• 1,622 shares with an exercise price of $68.02, exercisable from January 1, 2028, expiring January 1, 2031.

Sentiment

Score: 7

Explanation: The sentiment is positive due to an executive increasing their stake in the company, which is generally viewed as a sign of confidence. The acquisition of shares via dividend equivalent rights is a routine, positive accumulation.

Positives

• Increased direct beneficial ownership by a key executive, indicating confidence in the company's future performance.
• Acquisition of shares through dividend equivalent rights suggests a mechanism for executives to accumulate equity over time.
• Significant holdings of both direct shares and stock options align executive interests with shareholder value.

Future Outlook

The reporting person holds a substantial number of employee stock options with various future exercisable and expiration dates extending up to 2031, indicating a long-term incentive structure and potential for future equity accumulation.

Industry Context

This Form 4 filing provides specific details on an executive's equity holdings and recent acquisition of shares, which is a routine disclosure for publicly traded companies. It does not offer broad industry trends but reflects an individual executive's stake in a financial institution.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal, suggesting management's belief in the company's long-term value.
• Employees may see this as a sign of stability and confidence from leadership.

Next Steps

• Future exercisable dates for employee stock options will allow the executive to potentially acquire more shares at predetermined prices.
• Ongoing reporting of beneficial ownership changes as required by Section 16(a) of the Securities Exchange Act of 1934.

Key Dates

Recommendation

Keywords

SEC Form 4, insider transaction, beneficial ownership, stock options, dividend equivalent rights, Republic Bancorp, RBCAA, executive compensation, corporate governance