Parke Bancorp (PKBK) CFO exercises options, sells 2,000 shares
Rhea-AI Filing Summary
PARKE BANCORP, INC. Chief Financial Officer Jonathan D. Hill exercised 2,000 stock options on Common Stock at an exercise price of $19.03 per share and acquired 2,000 shares of Common Stock. On the same date, he sold 2,000 shares of Common Stock at $34.96 per share. Following the option exercise, he held 6,000 stock options directly, 3,300 underlying shares tied to Restricted Stock Units, and 879 shares of Common Stock held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 2,000 shares ($32K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Hill Jonathan D.
Role
Chief Financial Officer
Sold
2,000 shs ($70K)
Approx. gross sale proceeds
$70K
Approx. exercise cost
$38K
Approx. pre-tax spread
$32K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options Right-to-buy | 2,000 | $19.03 | $38K |
| Exercise | Common Stock | 2,000 | $19.03 | $38K |
| Sale | Common Stock | 2,000 | $34.96 | $70K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options Right-to-buy — 6,000 shares (Direct);
Common Stock — 30 shares (Direct);
Restricted Stock Unit — 3,300 shares (Direct);
Common Stock — 879 shares (Indirect, 401K)
Key Figures
Options Exercised: 2000 shares
Exercise Price: $19.03 per share
Shares Sold: 2000 shares
+4 more
7 metrics
Options Exercised
2000 shares
Stock options exercised on 2026-08-13 at $19.03 per share
Exercise Price
$19.03 per share
Exercise or conversion price for 2,000 stock options
Shares Sold
2000 shares
Common Stock sold on 2026-08-13 at $34.96 per share
Sale Price
$34.96 per share
Sale price for 2,000 Common Stock shares
Options Remaining
6000 shares
Stock options directly held following the option exercise
RSU Underlying Shares
3300 shares
Underlying Common Stock tied to Restricted Stock Units held directly
401(k) Holdings
879 shares
Common Stock held indirectly through a 401K plan
Key Terms
Stock Options Right-to-buy, Restricted Stock Unit, derivative security, indirect ownership
4 terms
Stock Options Right-to-buy financial
"security_title: "Stock Options Right-to-buy""
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"ownership_type: "indirect" for 401K Common Stock"
FAQ
What transactions did PKBK CFO Jonathan D. Hill report in this Form 4?
Jonathan D. Hill reported exercising 2,000 stock options for Common Stock at $19.03 per share and selling 2,000 shares of Common Stock at $34.96 per share. These transactions occurred on August 13, 2026 and reflect an exercise-and-sell sequence.
How many stock options does PKBK CFO Jonathan D. Hill hold after these transactions?
After the reported activity, Jonathan D. Hill directly held 6,000 stock options on PARKE BANCORP, INC. Common Stock. These options have an exercise price of $19.03 per share and an expiration date of August 20, 2034, according to the Form 4 disclosure.
What Restricted Stock Unit holdings does PKBK CFO Jonathan D. Hill report?
Jonathan D. Hill reports direct holdings of Restricted Stock Units representing 3,300 underlying shares of Common Stock. These units have an exercise price of $0.00, an exercise date of October 21, 2026, and an expiration date of October 21, 2035, as disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
