Form 4: Republic Bancorp Executive Sells Shares
SEC Form 4 Filing
Steven E. DeWeese, an executive at Republic Bancorp, sold 250 shares of Class A Common Stock at $62.50 per share on September 12, 2024.
Summary
- On September 12, 2024, Steven E. DeWeese, an EVP at Republic Bancorp, sold 250 shares of Class A Common Stock at a price of $62.50 per share.
- Following the transaction, DeWeese directly owns 31,413.657 shares of Class A Common Stock and indirectly owns 9,461 shares through a 401(k) plan.
- DeWeese also holds employee stock options for various amounts of Class A Common Stock at exercise prices ranging from $35.92 to $49.25, with expiration dates between 2025 and 2030.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of an insider stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially influencing short-term market sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date exercisable for employee stock option with exercise price of $35.92 and expiration date of 03/09/2025. |
| 03/09/2025 | Expiration date for employee stock option with exercise price of $35.92. |
| 03/10/2025 | Date exercisable for employee stock option with exercise price of $35.92 and expiration date of 03/09/2026. |
| 03/09/2026 | Expiration date for employee stock option with exercise price of $35.92. |
| 12/31/2025 | Date exercisable for employee stock option with exercise price of $42.74 and expiration date of 12/31/2026. |
| 12/31/2026 | Expiration date for employee stock option with exercise price of $42.74. |
| 01/01/2027 | Date exercisable for employee stock option with exercise price of $49.25 and expiration date of 01/01/2030. |
| 01/01/2030 | Expiration date for employee stock option with exercise price of $49.25. |
| 09/12/2024 | Date of the stock sale transaction. |
| 09/16/2024 | Date of signature for the Form 4 filing. |
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