Form 4: Republic Bancorp Executive Jeff Starke Reports Changes in Beneficial Ownership

EVP and Chief Information Officer of Republic Bancorp, Jeff Starke, reports changes in beneficial ownership of Class A Common Stock due to dividend equivalent rights and 401(k) plan adjustments.

Summary

• Jeff Starke, EVP and Chief Information Officer of Republic Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock.
• The reported transactions include the acquisition of 125.611 shares due to dividend equivalent rights at a price of $53.61 per share on June 28, 2024.
• There were also additions to and changes in the value of his 401(k) plan, accounting for 746.977 shares held indirectly.
• Starke directly owns 4,676.487 shares of Class A Common Stock following the reported transactions.
• He also holds employee stock options to purchase 6,085 shares at $51.39, 6,720 shares at $42.74 and 5,605 shares at $49.25.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to dividend rights and 401(k) adjustments. There is no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares through dividend equivalent rights indicates a positive return on existing holdings.

Industry Context

Form 4 filings are a routine part of regulatory compliance for company insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates