Parke Bancorp (PKBK) CEO adds 600 shares in open‑market stock purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parke Bancorp, Inc. President & CEO Vito S. Pantilione reported an open‑market purchase of 600 shares of common stock on February 27, 2026 at $28.50 per share. The shares are held indirectly in an “ITF” account, which now holds 17,942 shares in total.
He also reports direct holdings of stock options and restricted stock units. Restricted stock units total 2,500, each unit converting into one share of common stock upon vesting, with 20% of the award vesting each year over five years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 600 shares ($17,100)
Net Buy
8 txns
Insider
PANTILIONE VITO S
Role
President & CEO
Bought
600 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 600 | $28.50 | $17K |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,942 shares (Indirect, ITF);
Stock Options Right-to-buy — 13,200 shares (Direct);
Restricted Stock Units — 2,500 shares (Direct);
Common Stock — 236,129 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did PARKE BANCORP, INC. (PKBK) report on this Form 4?
PARKE BANCORP, INC. reported that its President & CEO, Vito S. Pantilione, bought 600 shares of common stock. The open‑market purchase occurred at a price of $28.50 per share on February 27, 2026, and is held indirectly in an ITF account.
What equity awards does the PKBK CEO hold in stock options and RSUs?
The CEO reports holdings of stock options and 2,500 restricted stock units. Each restricted stock unit converts into one PKBK common share upon vesting, providing additional potential ownership beyond directly and indirectly held common stock positions.
How do the PKBK CEO’s restricted stock units vest over time?
The CEO’s 2,500 restricted stock units vest over five years, with 20% vesting each year. Each vested unit converts into one share of Parke Bancorp common stock, gradually increasing potential ownership as vesting milestones are reached annually.
Does the PKBK Form 4 show both direct and indirect ownership for the CEO?
Yes. The Form 4 lists direct holdings in common stock, stock options, and restricted stock units, along with indirect common stock holdings. Indirect positions include an ITF account, an IRA, spouse holdings, and a 401(k), each reported with separate share totals.