Parke Bancorp (PKBK) CEO Converts Options, Increases Holdings to 236,329 Shares
Rhea-AI Filing Summary
Vito S. Pantilione, President & CEO and director of Parke Bancorp, Inc. (PKBK), reported option exercises and an open-market acquisition on 09/18/2025. He acquired 8,569 shares via a stock option exercise at an exercise price of $7.81 and reported holding 236,329 shares beneficially after the transaction. The Form 4 lists existing vested options and prior option grants exercisable through 2030, and identifies indirect holdings in ITF, IRA, spouse, and 401(k) accounts.
Positive
- CEO exercised options, converting 8,569 rights into common shares at $7.81, increasing his direct stake to 236,329 shares.
- Insider maintains multiple equity holdings (direct and indirect), indicating continued ownership alignment with shareholders.
Negative
- None.
Insights
TL;DR: CEO exercised options and increased direct holdings; this is a routine insider transaction showing continued insider ownership.
Details show an exercise of 8,569 options at $7.81 on 09/18/2025, raising direct beneficial ownership to 236,329 shares. The filing also discloses other outstanding option grants exercisable through 2030 and multiple indirect ownership vehicles (ITF, IRA, spouse, 401K). This is a standard Section 16 reporting event and does not by itself indicate material corporate change.
TL;DR: Transaction is routine option exercise by the CEO; impact on valuation or control appears immaterial based on reported shares.
The reported exercise converted options into 8,569 common shares at $7.81. Outstanding option positions listed (including 22,500 and 13,200 share grants) suggest ongoing executive equity incentives. No dispositions or unusual transfers are reported. For investors, this confirms insider alignment but is not a material corporate event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| X | Stock Options Right-to-buy | 8,569 | $7.81 | $67K |
| Exercise | Common Stock | 8,569 | $7.81 | $67K |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
