Republic Bancorp (RBCAA) director records significant family stock gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Republic Bancorp director Andrew Trager Kusman reported several family-related stock gifts in Republic Bancorp Inc. shares. On May 8, 2026, entities associated with him made bona fide gifts totaling 116,152.876 shares of Class A and Class B Common Stock at a stated price of $0.0000 per share.
The gifts were made indirectly through Teebank Family Limited Partnership and Jaytee Properties Limited Partnership, where he is a limited partner or related trust co-trustee, and he disclaims beneficial ownership beyond his pecuniary interest. Class B Common Stock is immediately convertible into Class A on a one-for-one basis. After these transactions, he continues to hold shares both directly and indirectly, indicating these are non-market, estate- and family-planning transfers rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
116,152.876 shares gifted
Mixed
5 txns
Insider
Trager Kusman Andrew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 2,163.598 | $0.00 | -- |
| Gift | Class B Common Stock | 20,515.51 | $0.00 | -- |
| Gift | Class A Common Stock | 9,655.987 | $0.00 | -- |
| Gift | Class A Common Stock | 83,817.781 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,598.706 shares (Indirect, By Jaytee Properties Limited Partnership);
Class A Common Stock — 20,523.708 shares (Indirect, By Jaytee Properties Limited Partnership);
Class A Common Stock — 1,907.462 shares (Direct, null)
Footnotes (1)
- Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. On 05/08/2026, a trust for the benefit of the Reporting Person automatically pursuant to the terms of the trust agreement, and through no action by the Reporting Person, distributed Teebank and Jaytee LP units to the Reporting Person. Jaytee Properties Limited Partnership ("Jaytee") is a family limited partnership. The Reporting Person is a Limited Partner of Jaytee. Teebank Family Limited Partnership ("Teebank") is a family limited partnership. The Reporting Person is co-trustee of a trust for the benefit of the Reporting Person's immediate family members. The Reporting Person and the trust are Limited Partners of Teebank. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Class B Common Stock is immediately convertible into Class A Common Stock on a one share for one share basis. Immediate. None.
Key Figures
Total gifted shares: 116,152.876 shares
Gift from Teebank LP (Class A): 83,817.7810 shares
Gift from Jaytee LP (Class A): 9,655.9870 shares
+5 more
8 metrics
Total gifted shares
116,152.876 shares
Bona fide gifts of Class A and B on May 8, 2026
Gift from Teebank LP (Class A)
83,817.7810 shares
Indirect Class A Common Stock gift by Teebank Family Limited Partnership
Gift from Jaytee LP (Class A)
9,655.9870 shares
Indirect Class A Common Stock gift by Jaytee Properties Limited Partnership
Gift from Teebank LP (Class B)
20,515.5100 shares
Indirect Class B Common Stock gift by Teebank Family Limited Partnership
Gift from Jaytee LP (Class B)
2,163.5980 shares
Indirect Class B Common Stock gift by Jaytee Properties Limited Partnership
Direct Class A holding
1,907.4620 shares
Class A Common Stock held directly after the reported transactions
Indirect Class A holding via Teebank
346,421.0020 shares
Class A Common Stock indirectly held through Teebank after the gifts
Indirect Class A holding via Jaytee
20,523.7080 shares
Class A Common Stock indirectly held through Jaytee after the gifts
Key Terms
bona fide gift, Class B Common Stock, dividend equivalent rights, family limited partnership, +1 more
5 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Class B Common Stock financial
"Class B Common Stock is immediately convertible into Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
dividend equivalent rights financial
"Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
family limited partnership financial
"Teebank Family Limited Partnership ("Teebank") is a family limited partnership"
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"
FAQ
What insider activity did RBCAA director Andrew Trager Kusman report?
He reported several bona fide gifts of Republic Bancorp Class A and Class B Common Stock on May 8, 2026. These were non-market transfers through family limited partnerships, reflecting estate or family planning rather than purchases or sales in the open market.
What entities were involved in the Republic Bancorp stock gifts for RBCAA?
The gifts were made through Teebank Family Limited Partnership and Jaytee Properties Limited Partnership. The director is a limited partner in Jaytee and a limited partner and co-trustee-related party in Teebank, which are family limited partnerships holding Republic Bancorp shares.
How does the RBCAA filing describe the director’s ownership of gifted securities?
The filing states the director is a limited partner or co-trustee-related party in the family partnerships and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. This clarifies his economic stake in the indirectly held shares after the gifts.