Republic Bancorp exec uses 118 shares for option tax
Republic Bancorp’s risk and compliance executive used 118 shares to cover equity-related costs and now directly holds about 2,163 Class A shares plus an option over 1,352 shares.
Rhea-AI Filing Summary
REPUBLIC BANCORP INC (RBCAA) reported that Scott Nardi, Senior Vice President and Risk & Compliance Officer, had 118 shares of Class A common stock delivered or withheld on September 18, 2026 to pay an option exercise price or tax liability at a reported value of $93.84 per share. After this transaction, he holds 2,162.737 Class A shares directly, which include additional dividend equivalent rights accumulated since his prior ownership report. He also holds an employee stock option covering 1,352 shares of Class A common stock at an exercise price of $71.36 per share, exercisable on January 1, 2029 and expiring on January 1, 2032. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 118 shares
Exercise Price or Tax Liability
2 txns
Insider
Nardi Scott
Role
SVP, Risk & Compliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock F1 | 118 | $93.84 | $11K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,162.737 shares (Direct);
Employee Stock Option (right to buy) — 1,352 contracts (Direct)
Footnotes (1)
- F1. Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report.
Key Figures
Shares delivered/withheld: 118 shares
Value per share for disposition: $93.84 per share
Direct Class A holdings after transaction: 2,162.737 shares
+4 more
7 metrics
Shares delivered/withheld
118 shares
Used on September 18, 2026 to pay option exercise price or tax liability
Value per share for disposition
$93.84 per share
Applied to the 118 shares delivered or withheld on September 18, 2026
Direct Class A holdings after transaction
2,162.737 shares
Direct Class A common stock position after the September 18, 2026 event
Option underlying shares
1,352 shares
Shares of Class A common stock underlying the reported employee stock option
Option exercise price
$71.36 per share
Exercise price of the employee stock option over 1,352 shares
Option first exercisable date
January 1, 2029
Date from which the employee stock option can first be exercised
Option expiration date
January 1, 2032
Expiration date of the reported employee stock option
Key Terms
dividend equivalent rights, Employee Stock Option (right to buy), Class A Common Stock
3 terms
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.
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy) with an exercise price and expiration date is reported."
Class A Common Stock financial
"Class A Common Stock is the underlying security for the reported holdings and option."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RBCAA executive Scott Nardi report in this Form 4?
He reported that 118 Class A shares were delivered or withheld on September 18, 2026 to pay an option exercise price or tax liability at $93.84 per share, with his direct holdings reported at 2,162.737 shares afterward.
What stock options on RBCAA does Scott Nardi currently report holding?
He reports an employee stock option over 1,352 shares of Republic Bancorp Class A common stock with an exercise price of $71.36 per share, first exercisable on January 1, 2029 and expiring on January 1, 2032.
Was the RBCAA Form 4 transaction by Scott Nardi under a Rule 10b5-1 plan?
The filing indicates that no Rule 10b5-1 trading plan applies to the reported transaction; the document-level box affirming trading under such a plan is not checked.
AI-generated analysis. How Rhea-AI works. Not financial advice.
