[Form 4] Republic Bancorp Inc/KY Insider Trading Activity

Rhea-AI Filing Summary

Fidelity National Financial, Inc. (FNF) director Douglas K. Ammerman filed a Form 4 covering activity on 30 June 2025. The filing shows the acquisition of 268.6425 units of FNF phantom stock through the company’s Deferred Compensation Plan. Each unit is economically equivalent to one share of common stock but will be settled in cash after the director’s board service ends. After this routine, compensation-related grant, Ammerman’s total phantom-stock holdings rise to 24,263.8461 units. No open-market purchases or sales of FNF common shares were reported, and all holdings remain directly owned.

Insights

Financial Analyst

TL;DR: Small phantom-stock grant under deferred comp plan; routine filing, neutral for valuation.

The reported transaction merely records a deferred-compensation accrual rather than a cash purchase or market sale. At fewer than 300 units, the grant is immaterial relative to FNF’s float and to the director’s existing 24k phantom-unit balance. Because phantom stock settles in cash post-service, it does not create dilution or signal market sentiment. Investors should view the filing as administrative housekeeping with no direct bearing on earnings, cash flow, or capital structure.

Corporate Governance Specialist

TL;DR: Routine deferred-comp grant; demonstrates continued alignment, but no governance red flags.

The Form 4 confirms that the director is participating in the company’s Deferred Compensation Plan, which ties payout to the value of FNF shares. Such plans modestly align director incentives with shareholder interests. However, the size is negligible and there are no option exercises, insider sales, or 10b5-1 indications that might hint at board-level views on valuation. Governance posture remains unchanged; impact on shareholder rights or board independence is nil.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Starke Jeff

(Last) (First) (Middle)

601 W MARKET ST

(Street)

LOUISVILLE KY 40202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
REPUBLIC BANCORP INC /KY/ [ RBCAA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CHIEF INFORMATION OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/30/2025		A		92.06	A	$73.11	4,939.24(1)(2)	D
Class A Common Stock								812.96(3)	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$51.39							12/31/2024	12/31/2025	Class A Common Stock	6,085		6,085	D
Employee Stock Option (right to buy)	$42.74							12/31/2025	12/31/2026	Class A Common Stock	6,720		6,720	D
Employee Stock Option (right to buy)	$49.25							01/01/2027	01/01/2030	Class A Common Stock	5,605		5,605	D
Employee Stock Option (right to buy)	$68.02							01/01/2028	01/01/2031	Class A Common Stock	4,055		4,055	D

Explanation of Responses:

1. Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report.

2. Includes 13.67 shares acquired under the Issuer's dividend reinvestment plan since the date of the Reporting Person's last ownership report.

3. Reflects additions to and change in value of 401(k) plan since the date of the Reporting Person's last ownership report.

	/s/ Kevin Sipes, Attorney-in-Fact	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FNF director Douglas K. Ammerman report in the latest Form 4?

He acquired 268.6425 units of FNF phantom stock on 06/30/2025 under the Deferred Compensation Plan.

How many phantom stock units does Ammerman now hold in total?

After the transaction, his beneficial ownership is 24,263.8461 phantom stock units.

Does the phantom stock grant dilute existing FNF shareholders?

No. Phantom stock is cash-settled and does not issue new FNF shares, so it causes no dilution.

Were any FNF common shares bought or sold in the transaction?

No open-market purchases or sales of common stock were reported; only phantom stock was acquired.

When will the phantom stock be paid out to the director?

The phantom stock will be paid in cash after the director’s termination of service, per plan terms.