Form 4: Republic Bancorp Executive Reports Stock Acquisition and Updated Holdings
Insider Transaction Report
Anthony T. Powell, EVP and Chief Lending Officer of Republic Bancorp, reported the acquisition of 92.11 Class A Common Stock shares and updated his beneficial ownership, including adjustments related to the employee stock purchase plan and 401(k) holdings.
Summary
- Anthony T. Powell, EVP, Chief Lending Officer, acquired 92.11 shares of Class A Common Stock at $73.11 per share on June 30, 2025.
- Following this transaction, Powell directly owns 24,574.28 shares of Class A Common Stock.
- Powell indirectly owns 23,102.86 shares of Class A Common Stock through a 401(k) Plan.
- The direct ownership includes 39.43 shares acquired under the Issuer's employee stock purchase plan on June 30, 2025.
- Total shares have been adjusted due to a change in the Republic Bancorp, Inc. Employee Stock Purchase Plan administrator, which resulted in fractional shares being cashed out.
- Indirect holdings in the 401(k) plan reflect additions to and changes in value since the last ownership report.
- The filing also details existing employee stock options with various exercise prices and expiration dates, but no transactions on these derivatives were reported in this filing.
Sentiment
Score: 6
Explanation: The sentiment is mildly positive as it reports an executive's acquisition of company stock, which generally signals confidence. However, the transaction size is relatively small, and the report also notes the cashing out of fractional shares due to an administrative change, which is a neutral to slightly negative detail.
Positives
- Acquisition of 92.11 shares of Class A Common Stock by a key executive, indicating continued investment in the company.
- Additional dividend equivalent rights acquired, increasing overall beneficial ownership.
- Inclusion of shares acquired through the employee stock purchase plan, demonstrating employee participation and alignment.
- Additions to and change in value of the 401(k) plan, suggesting growth in retirement holdings.
Negatives
- Fractional shares granted through the Employee Stock Purchase Plan were cashed out due to a change in plan administrator, which resulted in a minor reduction in some holdings.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Acquisition of 92.11 shares of Class A Common Stock by Anthony T. Powell, an executive officer of Republic Bancorp, from the issuer.
- Acquisition of 39.43 shares under the Issuer's employee stock purchase plan by Anthony T. Powell.
- Adjustments to 401(k) plan holdings of Anthony T. Powell.
Stakeholder Impact
- Shareholders: The acquisition of shares by an executive may be viewed as a positive signal of management's confidence in the company's future, potentially influencing investor sentiment positively, though the size of the transaction is small.
- Employees: The mention of the Employee Stock Purchase Plan and 401(k) plan highlights mechanisms for employee ownership and retirement savings, which can impact employee morale and retention.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date exercisable for Employee Stock Option with exercise price $51.39. |
| 03/10/2025 | Date exercisable for Employee Stock Option with exercise price $35.92. |
| 06/30/2025 | Transaction date for acquisition of Class A Common Stock and acquisition of shares under the Employee Stock Purchase Plan. |
| 07/02/2025 | Signature date of the reporting person's attorney-in-fact for the filing. |
| 12/31/2025 | Expiration date for Employee Stock Option with exercise price $51.39. |
| 12/31/2025 | Date exercisable for Employee Stock Option with exercise price $42.74. |
| 03/09/2026 | Expiration date for Employee Stock Option with exercise price $35.92. |
| 12/31/2026 | Expiration date for Employee Stock Option with exercise price $42.74. |
| 01/01/2027 | Date exercisable for Employee Stock Option with exercise price $49.25. |
| 01/01/2028 | Date exercisable for Employee Stock Option with exercise price $68.02. |
| 01/01/2030 | Expiration date for Employee Stock Option with exercise price $49.25. |
| 01/01/2031 | Expiration date for Employee Stock Option with exercise price $68.02. |
Keywords
Republic Bancorp, RBCAA, SEC Form 4, Insider Trading, Stock Acquisition, Employee Stock Purchase Plan, 401(k) Plan, Executive Compensation, Beneficial Ownership, Class A Common Stock, Stock Options
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