Form 4: Republic Bancorp Executive Sells Shares and Reports Dividend Equivalent Rights
SEC Form 4
Steven E. DeWeese, an executive at Republic Bancorp, sold 1,115 shares of Class A Common Stock at $66 per share and reported additional dividend equivalent rights.
Summary
- On July 24, 2024, Steven E. DeWeese, an EVP at Republic Bancorp, sold 1,115 shares of Class A Common Stock at a price of $66 per share.
- Following the transaction, DeWeese directly owns 31,663.657 shares of Class A Common Stock.
- DeWeese also indirectly owns 9,461 shares through a 401(k) plan.
- The report also details DeWeese's holdings of employee stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into insider transactions.
Stakeholder Impact
- The stock sale by an executive may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date exercisable for Employee Stock Option (right to buy) at $35.92, expiring 03/09/2025 |
| 03/09/2025 | Expiration date for Employee Stock Option (right to buy) at $35.92, exercisable from 03/10/2024 |
| 03/10/2025 | Date exercisable for Employee Stock Option (right to buy) at $35.92, expiring 03/09/2026 |
| 03/09/2026 | Expiration date for Employee Stock Option (right to buy) at $35.92, exercisable from 03/10/2025 |
| 12/31/2025 | Date exercisable for Employee Stock Option (right to buy) at $42.74, expiring 12/31/2026 |
| 12/31/2026 | Expiration date for Employee Stock Option (right to buy) at $42.74, exercisable from 12/31/2025 |
| 01/01/2027 | Date exercisable for Employee Stock Option (right to buy) at $49.25, expiring 01/01/2030 |
| 01/01/2030 | Expiration date for Employee Stock Option (right to buy) at $49.25, exercisable from 01/01/2027 |
| 07/24/2024 | Date of transaction: Sale of 1,115 shares of Class A Common Stock at $66 per share. |
| 07/26/2024 | Date of signature for the Form 4 filing. |
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