PARKE BANCORP (PKBK) CLO exercises options and sells 14,675 shares
Rhea-AI Filing Summary
PARKE BANCORP, INC. Chief Lending Officer Nicholas J. Pantilione exercised stock options for 4,675 shares at $20.14 and 10,000 shares at $12.29, then sold 14,675 common shares at $28.29. He held 1,850 common shares directly afterward, plus 3,972 common shares through a 401(k), 15,000 stock options and 3,300 restricted stock units that vest 20% per year over five years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 14,675 shares ($198K approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Pantilione Nicholas J
Role
Chief Lending Officer
Sold
14,675 shs ($415K)
Approx. gross sale proceeds
$415K
Approx. exercise cost
$217K
Approx. pre-tax spread
$198K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options Right-to-buy | 4,675 | $20.14 | $94K |
| Exercise | Stock Options Right-to-buy | 10,000 | $12.29 | $123K |
| Sale | Common Stock | 14,675 | $28.29 | $415K |
| Exercise | Common Stock | 10,000 | $12.29 | $123K |
| Exercise | Common Stock | 4,675 | $20.14 | $94K |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options Right-to-buy — 15,000 shares (Direct);
Common Stock — 16,525 shares (Direct);
Restricted Stock Units — 3,300 shares (Direct);
Common Stock — 3,972 shares (Indirect, 401K)
Footnotes (1)
- F1. 1. Each restricted stock unit converts into one share of common stock upon vesting, 20% per year for 5 years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did PKBK executive Nicholas J. Pantilione report?
Nicholas J. Pantilione exercised options for 14,675 common shares and sold 14,675 shares at $28.29. The activity reflects option exercises and an offsetting open‑market sale on February 18, 2026, rather than a simple open‑market purchase or sale.
At what prices did Nicholas J. Pantilione exercise PARKE BANCORP (PKBK) options?
He exercised stock options for 4,675 shares at $20.14 and 10,000 shares at $12.29. These exercises converted derivative securities into common stock before the reported sale of 14,675 shares at a higher market price.
What is Nicholas J. Pantilione’s remaining direct ownership in PKBK common stock?
After the reported transactions, he directly owned 1,850 common shares. In addition, he held 3,972 common shares indirectly through a 401(k) plan and also maintained stock options and restricted stock units as separate interests.
What stock options and RSUs does Pantilione hold in PARKE BANCORP (PKBK)?
He held 15,000 stock options following the transactions and 3,300 restricted stock units. Each restricted stock unit converts into one common share upon vesting, with vesting scheduled at 20% per year over five years.
How do Nicholas J. Pantilione’s RSUs in PKBK vest over time?
Each restricted stock unit converts into one share of common stock upon vesting. The RSUs vest at 20% per year over five years, gradually increasing his potential common stock holdings if he remains eligible through the vesting schedule.