Form 4: Republic Bancorp Executive Jeff Starke Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Information Officer of Republic Bancorp, Jeff Starke, reports the disposition of shares to cover tax obligations and changes in 401(k) holdings.
Summary
- Jeff Starke, EVP and Chief Information Officer of Republic Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On July 18, 2024, Starke disposed of 1,347 shares of Class A Common Stock at $62.1 to cover tax obligations.
- Starke's 401(k) plan holdings increased by 750.273 shares of Class A Common Stock.
- Following the reported transactions, Starke directly owns 3,329.487 shares of Class A Common Stock and indirectly owns 750.273 shares through a 401(k) plan.
- Starke also holds employee stock options for 6,085 shares (exercisable after 12/31/2024 at $51.39), 6,720 shares (exercisable after 12/31/2025 at $42.74), and 5,605 shares (exercisable after 01/01/2027 at $49.25).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
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
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/18/2024 | Date of stock transaction (disposal of shares). |
| 12/31/2024 | Date from which 6,085 employee stock options become exercisable. |
| 12/31/2025 | Date from which 6,720 employee stock options become exercisable. |
| 12/31/2025 | Expiration date for 6,085 employee stock options. |
| 12/31/2026 | Expiration date for 6,720 employee stock options. |
| 01/01/2027 | Date from which 5,605 employee stock options become exercisable. |
| 01/01/2030 | Expiration date for 5,605 employee stock options. |
| 07/22/2024 | Date of signature on the Form 4 filing. |
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