Parke Bancorp director exercises options, sells stock
PARKE BANCORP, INC. director Arret F. Dobson reported an option exercise and related share sale.
Rhea-AI Filing Summary
PARKE BANCORP, INC. director Arret F. Dobson reported an option exercise and related share sale. Dobson exercised stock options covering 13,500 shares of common stock at $12.29 per share through an in-the-money derivative exercise, then sold 11,000 shares of common stock at $31.61 per share.
Following these transactions, Dobson holds 108,143 shares of common stock directly. He also retains equity incentives, including restricted stock units tied to 2,500 underlying shares that vest 20% per year over five years, and stock options covering 5,000 and 12,375 underlying shares at exercise prices of $21.66 and $20.14, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
DOBSON ARRET F
Role
Director
Sold
11,000 shs ($348K)
Approx. gross sale proceeds
$348K
Approx. exercise cost
$166K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Stock Options Right-to-buy | 13,500 | $12.29 | $166K |
| In-the-Money Exercise | Common Stock | 13,500 | $12.29 | $166K |
| Sale | Common Stock | 11,000 | $31.61 | $348K |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options Right-to-buy — 17,375 contracts (Direct);
Common Stock — 213,786 shares (Direct);
Restricted Stock Units — 2,500 contracts (Direct)
Footnotes (1)
- F1. Each restricted stock unit converts into one share of common stock upon vesting, 20% per year for 5 years.
Key Figures
Shares sold: 11,000 shares
Sale price: $31.61/share
Options exercised: 13,500 shares
+5 more
8 metrics
Shares sold
11,000 shares
Common Stock sale at $31.61 per share
Sale price
$31.61/share
Price for 11,000 Common Stock shares sold
Options exercised
13,500 shares
In-the-money derivative exercise of Common Stock
Exercise price
$12.29/share
Strike price for 13,500 exercised options
Post-transaction holdings
108,143 shares
Common Stock held directly after transactions
RSU underlying shares
2,500 shares
Restricted Stock Units converting into common stock
Remaining options 1
5,000 shares at $21.66
Stock options on Common Stock, unexercised
Remaining options 2
12,375 shares at $20.14
Stock options on Common Stock, unexercised
Key Terms
Restricted Stock Units, Stock Options Right-to-buy, in-the-money derivative exercise, open-market sale
4 terms
Restricted Stock Units financial
"Each restricted stock unit converts into one share of common stock upon vesting, 20% per year for 5 years."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Options Right-to-buy financial
"Stock Options Right-to-buy ... underlying security title: Common Stock ... conversion_or_exercise_price"
in-the-money derivative exercise financial
"transaction_action: in-the-money derivative exercise"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did PKBK director Arret F. Dobson report?
Arret F. Dobson reported exercising stock options for 13,500 PARKE BANCORP (PKBK) shares at $12.29 and selling 11,000 common shares at $31.61. The filing shows both an option exercise and an open-market sale on the same date.
What stock options and RSUs does the PKBK director still hold?
Dobson retains restricted stock units tied to 2,500 PARKE BANCORP shares that vest 20% annually over five years. He also holds stock options on 5,000 shares at $21.66 and 12,375 shares at $20.14, all with future expiration dates.
Is the Dobson Form 4 for PKBK mainly a sale or an option exercise?
The Form 4 shows both actions: an in-the-money option exercise for 13,500 shares and a sale of 11,000 shares. Overall, it reflects a combination of acquiring shares through exercise and disposing of shares through an open-market transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
