Parke Bancorp (PKBK) Chief Lending Officer receives 3,300 RSU equity grant
Rhea-AI Filing Summary
Parke Bancorp Chief Lending Officer granted 3,300 RSUs
Parke Bancorp, Inc. reported that its Chief Lending Officer, Nicholas J. Pantilione, received an award of 3,300 restricted stock units on October 21, 2025. These RSUs are derivative securities that will convert into the company’s common stock on a one-for-one basis as they vest.
The award vests in equal installments of 20% per year over five years, beginning on October 21, 2026 and ending on October 21, 2035. The Form 4 shows that following this grant, Pantilione directly beneficially owns 3,300 derivative securities tied to Parke Bancorp common stock at a stated price of $0 per unit, reflecting a compensatory equity grant rather than an open-market purchase.
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FAQ
What insider transaction did Parke Bancorp (PKBK) disclose for Nicholas J. Pantilione?
Parke Bancorp disclosed that Chief Lending Officer Nicholas J. Pantilione was granted 3,300 restricted stock units on October 21, 2025, reported as an acquisition of derivative securities on Form 4.
How do the 3,300 restricted stock units for Parke Bancorp (PKBK) vest?
Each restricted stock unit converts into one share of Parke Bancorp common stock upon vesting, with 20% of the award vesting each year for five years from October 21, 2026 through October 21, 2035.
What is the reported price and ownership form of the Parke Bancorp (PKBK) RSU grant?
The 3,300 restricted stock units were reported at a price of $0 per unit, consistent with a compensatory equity award, and are held with direct beneficial ownership by Nicholas J. Pantilione.
How many Parke Bancorp (PKBK) derivative securities does Nicholas J. Pantilione own after this transaction?
After the reported transaction, Nicholas J. Pantilione beneficially owns 3,300 derivative securities (restricted stock units) tied to Parke Bancorp common stock, as shown in the Form 4.
What does the Parke Bancorp (PKBK) Form 4 say about the nature of the restricted stock units?
The Form 4 notes that each restricted stock unit converts into one share of common stock upon vesting, with vesting occurring at 20% per year for five years.