Republic Bancorp (RBCAA) vice chair boosts Class A stake via 401(k)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Republic Bancorp Inc. vice chairman Scott Trager, a director and more than 10% owner, reported an indirect open-market purchase of 147.613 Class A common shares at $71.13 per share on behalf of his 401(k) plan. Following this trade, the 401(k) plan holds 57,684.209 Class A shares.
The filing also updates his existing holdings in both Class A and Class B shares through family limited partnerships and a family trust, and notes that Class B common stock is immediately convertible into Class A on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 147.613 shares ($10,500)
Net Buy
8 txns
Insider
TRAGER SCOTT
Role
VICE CHAIRMAN
Bought
147.613 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 147.613 | $71.13 | $10K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 57,684.209 shares (Indirect, By 401(k) Plan);
Class B Common Stock — 444.787 shares (Indirect, By Jaytee Properties Limited Partnership);
Class A Common Stock — 203,385.679 shares (Direct)
Footnotes (1)
- Includes 124.142 shares acquired under the Issuer's dividend reinvestment plan since the date of the Reporting Person's last ownership report. Reflects additions to and change in value of 401(k) plan since the date of the Reporting Person's last ownership report. Jaytee Properties Limited Partnership is a family limited partnership of which the Reporting Person is a limited partner. Teebank Family Limited Partnership is a family limited partnership of which the Reporting Person is a limited partner. Trager Family Irrevocable Trust is a family trust of which the Reporting Person is a co-trustee and a beneficiary. Class B Common Stock is immediately convertible into Class A Common Stock on a one share for one share basis. Immediate. None.
FAQ
What did RBCAA vice chairman Scott Trager report in this Form 4 filing?
Scott Trager reported an indirect purchase of 147.613 Class A common shares for his 401(k) at $71.13 per share. The filing also updates his various direct and indirect holdings in Republic Bancorp’s Class A and Class B common stock, including family partnerships and a family trust.
What does the Form 4 say about Republic Bancorp Class B common stock?
The filing states that Republic Bancorp Class B common stock is immediately convertible into Class A common stock on a one-for-one basis. Trager reports indirect holdings of Class B shares through family partnerships and a family trust, alongside his larger Class A common stock positions.
Is Scott Trager considered a major insider at Republic Bancorp (RBCAA)?
Yes. Scott Trager is identified as a director, vice chairman, and more than 10% owner of Republic Bancorp. These roles make him a significant insider, and his trades and holdings, including through family entities and a 401(k) plan, must be reported on Form 4.