PARKE BANCORP (PKBK) CEO adds shares, gifts 1,800 in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PARKE BANCORP, INC. President & CEO Vito S. Pantilione reported several updates to his holdings in the company’s common stock and equity awards as of April 28, 2026.
He completed an open‑market purchase of 1,300 shares of Common Stock at $30.3738 per share, bringing his directly held common stock to 237,429 shares. He also made two bona fide gifts of 900 shares each, one from an indirect "ITF" account and one from his direct holdings, totaling 1,800 shares gifted without sale proceeds.
In addition to common stock, he continues to hold indirect positions of 15,640 shares in a 401K, 2,225 shares held by his spouse, and 43,958 shares in an IRA. His equity awards include 2,500 restricted stock units that convert into common stock, vesting 20% per year for 5 years, plus stock options covering 22,500 shares at an exercise price of $12.2900 expiring in 2030 and options on 13,200 shares at $20.1400 expiring in 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,300 shares ($39,486)
Net Buy
9 txns
Insider
PANTILIONE VITO S
Role
President & CEO
Bought
1,300 shs ($39K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,300 | $30.3738 | $39K |
| Gift | Common Stock | 900 | $0.00 | -- |
| Gift | Common Stock | 900 | $0.00 | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 237,429 shares (Direct, null);
Common Stock — 18,942 shares (Indirect, ITF);
Stock Options Right-to-buy — 13,200 shares (Direct, null);
Restricted Stock Units — 2,500 shares (Direct, null)
Footnotes (1)
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Key Figures
Open-market purchase: 1,300 shares at $30.3738
Direct common stock holding: 237,429 shares
Gifts of common stock: 1,800 shares
+5 more
8 metrics
Open-market purchase
1,300 shares at $30.3738
Common Stock bought on April 28, 2026
Direct common stock holding
237,429 shares
Common Stock directly held after transactions
Gifts of common stock
1,800 shares
Two bona fide gifts of 900 shares each
401K indirect holding
15,640 shares
Common Stock held via 401K
IRA indirect holding
43,958 shares
Common Stock held via IRA
Restricted stock units
2,500 units
Each converts to one share, vesting 20% annually over 5 years
Stock options at $12.2900
22,500 underlying shares
Exercise price $12.2900, expiration in 2030
Stock options at $20.1400
13,200 underlying shares
Exercise price $20.1400, expiration in 2028
Key Terms
Restricted Stock Units, Stock Options Right-to-buy, bona fide gift, open-market purchase, +1 more
5 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 with exercise prices of 12.2900 and 20.1400."
bona fide gift financial
"transaction_code_description: Bona fide gift for two 900-share common stock transfers."
open-market purchase financial
"transaction_action: open-market purchase for 1,300 shares at $30.3738 per share."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
401K financial
"nature_of_ownership: 401K for an indirect holding of 15,640 common shares."
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
FAQ
What insider transactions did PKBK CEO Vito Pantilione report on April 28, 2026?
He reported an open‑market purchase of 1,300 shares of PARKE BANCORP common stock at $30.3738 per share and two bona fide gifts totaling 1,800 shares. These changes reflect routine personal portfolio activity rather than a large shift in overall ownership.
What indirect PARKE BANCORP (PKBK) holdings are associated with the CEO in the latest Form 4?
Indirect holdings include 15,640 shares in a 401K, 2,225 shares held by his spouse, 43,958 shares in an IRA, and 18,942 shares in an "ITF" account after a 900‑share gift. These positions supplement his direct common stock ownership.
What restricted stock units does the PKBK CEO hold, and how do they vest?
He holds 2,500 restricted stock units tied to PARKE BANCORP common stock. Each unit converts into one share upon vesting, with 20% of the award vesting each year over a five‑year period, offering a staggered, long‑term equity incentive structure.