Parke Bancorp insider’s 632-share required distribution
Rhea-AI Filing Summary
PARKE BANCORP, INC. (PKBK) director Elizabeth A. Milavsky reported insider activity involving common stock and equity awards. On 2026-08-24, 632 shares of common stock were disposed of to the issuer from a 401(k) account at $33.97 per share as a Required Minimum Distribution, leaving 15,912 indirectly held shares in that account. She also reports 35,278 common shares held directly, outstanding stock options over 29,150 shares at exercise prices between $12.29 and $21.66, and a prior grant of 2,500 restricted stock units that vest 20% per year over five years.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
MILAVSKY ELIZABETH A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F2 | 632 | $33.97 | $21K |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| Grant/Award | Restricted Stock Unit F1 | 2,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 2,500 contracts (Direct);
Common Stock — 15,912 shares (Indirect, 401K);
Stock Options Right-to-buy — 29,150 contracts (Direct);
Common Stock — 35,278 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit converts into one share of common stock upon vesting, 20% per year for 5 years.
- F2. Required Minimum Distribution
Key Figures
Shares disposed to issuer: 632 shares
Disposition price per share: $33.97 per share
Indirect holdings after transaction: 15,912 shares
+5 more
8 metrics
Shares disposed to issuer
632 shares
Common Stock disposed on 2026-08-24 from 401(k) as Required Minimum Distribution
Disposition price per share
$33.97 per share
Price for 632-share disposition of Common Stock on 2026-08-24
Indirect holdings after transaction
15,912 shares
Common Stock held indirectly via 401(k) after 2026-08-24 disposition
Direct common stock holdings
35,278 shares
Common Stock held directly as of 2026-08-24
Restricted Stock Units granted
2,500 units
RSU grant on 2025-10-21, vesting 20% per year for 5 years
Stock options at $12.29
22,500 underlying shares at $12.29
Stock Options Right-to-buy expiring 2030-04-24
Stock options at $20.14
1,650 underlying shares at $20.14
Stock Options Right-to-buy expiring 2028-08-22
Stock options at $21.66
5,000 underlying shares at $21.66
Stock Options Right-to-buy expiring 2032-06-12
Key Terms
Required Minimum Distribution, Restricted Stock Unit, Stock Options Right-to-buy
3 terms
Required Minimum Distribution financial
"Footnote states: "Required Minimum Distribution" for the 401K transaction"
Restricted Stock Unit financial
"Security title is listed as "Restricted Stock Unit" with 2,500 units granted"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Stock Options Right-to-buy financial
"Security title appears as "Stock Options Right-to-buy" over common stock"
FAQ
What insider transaction did Elizabeth A. Milavsky report in PKBK stock on August 24, 2026?
Elizabeth A. Milavsky reported disposing of 632 shares of PARKE BANCORP, INC. (PKBK) common stock on 2026-08-24. The shares were disposed of to the issuer from a 401(k) account at $33.97 per share as a Required Minimum Distribution.
What equity awards in PKBK does Elizabeth A. Milavsky have outstanding?
Elizabeth A. Milavsky reports stock options to acquire PKBK common stock over 1,650, 22,500, and 5,000 shares at exercise prices of $20.14, $12.29, and $21.66, respectively, plus 2,500 restricted stock units that vest 20% per year for five years.
What does the Required Minimum Distribution footnote mean in the PKBK Form 4 filing?
A footnote states the 632-share disposition from the 401(k) was a Required Minimum Distribution. This indicates the shares were transferred to satisfy retirement-account distribution rules rather than an open market sale, and were disposed of to the issuer.
How do Elizabeth A. Milavsky’s PKBK restricted stock units vest?
The filing states each restricted stock unit converts into one PKBK common share upon vesting, with 20% of the 2,500 units vesting each year over 5 years. The grant date is 2025-10-21, with an exercise/settlement price of $0.00 per unit.
When do Elizabeth A. Milavsky’s PKBK stock options expire and at what exercise prices?
Elizabeth A. Milavsky holds PKBK stock options expiring on 2028-08-22 at $20.14, on 2030-04-24 at $12.29, and on 2032-06-12 at $21.66, each exercisable into PKBK common stock as disclosed in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
