RBCAA (RBCAA) CFO exercises stock options and uses 4,130 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Republic Bancorp EVP & Chief Financial Officer Kevin D. Sipes exercised employee stock options covering 5,376 shares of Class A Common Stock at an exercise price of $42.74 per share. To cover tax obligations, 4,130 of these shares were withheld at a value of $74.57 per share, leaving him with 76,593.281 shares held directly plus additional shares held through a 401(k) plan. He also continues to hold several remaining option grants that can be exercised in future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,376 shares exercised/converted
Mixed
7 txns
Insider
SIPES KEVIN D
Role
EVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 5,376 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,376 | $42.74 | $230K |
| Tax Withholding | Class A Common Stock | 4,130 | $74.57 | $308K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Class A Common Stock — 80,723.281 shares (Direct);
Class A Common Stock — 3,979.509 shares (Indirect, By 401(k) Plan)
Footnotes (1)
Key Figures
Options exercised: 5,376 shares
Exercise price: $42.74 per share
Shares withheld for taxes: 4,130 shares
+5 more
8 metrics
Options exercised
5,376 shares
Employee stock options exercised on Class A Common Stock
Exercise price
$42.74 per share
Strike price for exercised employee stock options
Shares withheld for taxes
4,130 shares
Tax-withholding disposition at $74.57 per share
Tax withholding price
$74.57 per share
Value used for tax-withholding share disposition
Direct holdings after transactions
76,593.281 shares
Direct Class A Common Stock held post-transaction
Indirect 401(k) holdings
3,979.509 shares
Class A Common Stock held through 401(k) Plan
Remaining options at $49.25
4,484 underlying shares
Employee stock option expiring 2030-01-01
Remaining options at $68.02 and $71.36
3,244 and 2,873 shares
Employee stock options expiring 2031 and 2032
Key Terms
Employee Stock Option (right to buy), Exercise or conversion of derivative security, tax-withholding disposition, 401(k) Plan
4 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
401(k) Plan financial
"nature_of_ownership: "By 401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What insider transaction did RBCAA EVP & CFO Kevin D. Sipes report?
Kevin D. Sipes reported exercising employee stock options for 5,376 shares of Republic Bancorp Class A Common Stock at an exercise price of $42.74 per share. The transaction converted previously granted options into directly owned shares as part of his compensation package.
Does Kevin Sipes have any remaining Republic Bancorp stock options outstanding?
Yes. The filing lists remaining employee stock options on 4,484 shares at $49.25, 3,244 shares at $68.02, and 2,873 shares at $71.36 per share, all exercisable into Class A Common Stock with expirations between 2030 and 2032.