Form 4: Republic Bancorp Executive Steven E. DeWeese Reports Stock Acquisition
SEC Form 4 Filing
EVP Steven E. DeWeese reports acquisition of Republic Bancorp Class A Common Stock through a transaction on September 30, 2024.
Summary
- Steven E. DeWeese, an Executive Vice President at Republic Bancorp, reported a transaction involving Class A Common Stock on September 30, 2024.
- He acquired 70.804 shares at a price of $65.3 per share.
- Following the transaction, DeWeese directly owns 31,484.461 shares of Class A Common Stock.
- He also indirectly owns 9,461 shares through a 401(k) plan.
- DeWeese also holds employee stock options with various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing an executive acquiring shares, which could be seen as a positive signal, but it's not overwhelmingly significant.
Positives
- The acquisition of shares by an executive could be interpreted as a sign of confidence in the company's future prospects.
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 executive sentiment and potential future stock performance.
Comparison to Industry Standards
- Comparing insider transactions at Republic Bancorp to similar regional banks would require analyzing the frequency and size of insider buys and sells across the peer group.
- A high level of insider buying relative to peers could indicate strong confidence in the company's prospects.
- Conversely, a high level of insider selling could raise concerns.
Stakeholder Impact
- The acquisition of shares by an executive could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date employee stock option (right to buy) is exercisable at $35.92, expiring 03/09/2025 for 1,000 shares. |
| 03/09/2025 | Expiration date for employee stock option (right to buy) at $35.92, exercisable 03/10/2024 for 1,000 shares. |
| 03/10/2025 | Date employee stock option (right to buy) is exercisable at $35.92, expiring 03/09/2026 for 1,000 shares. |
| 03/09/2026 | Expiration date for employee stock option (right to buy) at $35.92, exercisable 03/10/2025 for 1,000 shares. |
| 12/31/2025 | Date employee stock option (right to buy) is exercisable at $42.74, expiring 12/31/2026 for 2,688 shares. |
| 12/31/2026 | Expiration date for employee stock option (right to buy) at $42.74, exercisable 12/31/2025 for 2,688 shares. |
| 01/01/2027 | Date employee stock option (right to buy) is exercisable at $49.25, expiring 01/01/2030 for 2,242 shares. |
| 01/01/2030 | Expiration date for employee stock option (right to buy) at $49.25, exercisable 01/01/2027 for 2,242 shares. |
| 09/30/2024 | Date of transaction where Steven E. DeWeese acquired 70.804 shares of Class A Common Stock at $65.3 per share. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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