Republic Bancorp (RBCAA) director receives 33.175 dividend units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Republic Bancorp, Inc. director William Patrick Mulloy II reported a compensation-related acquisition of additional rights linked to the company’s Class A Common Stock. On June 30, 2026, he received 33.175 dividend equivalent rights at a reference value of $90.43 per share-equivalent. Following this award, his direct holdings in Class A Common Stock increased to 28,259.623 shares. The footnote clarifies that this entry reflects additional dividend equivalent rights since his prior ownership report, indicating a routine adjustment rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mulloy William Patrick II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 33.175 | $90.43 | $3K |
Holdings After Transaction:
Class A Common Stock — 28,259.623 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend equivalent rights granted: 33.175 rights
Reference price per right: $90.43 per share-equivalent
Shares held after transaction: 28,259.623 shares
+1 more
4 metrics
Dividend equivalent rights granted
33.175 rights
Grant, award, or other acquisition on June 30, 2026
Reference price per right
$90.43 per share-equivalent
Value associated with dividend equivalent rights grant
Shares held after transaction
28,259.623 shares
Direct Class A Common Stock holdings after June 30, 2026 grant
Transaction type
Grant, award, or other acquisition (Code A)
Non-derivative acquisition of Class A Common Stock-related rights
Key Terms
dividend equivalent rights, Class A Common Stock, Grant, award, or other acquisition
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.
Class A Common Stock financial
"security_title: Class A Common Stock"
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Republic Bancorp (RBCAA) disclose for William Patrick Mulloy II?
Republic Bancorp reported that director William Patrick Mulloy II received 33.175 dividend equivalent rights linked to Class A Common Stock. These rights were recorded as a grant-type acquisition, not an open-market purchase, and arose since his prior ownership report.
What was the reference price for the 33.175 dividend equivalent rights at Republic Bancorp?
The 33.175 dividend equivalent rights were recorded at a reference value of $90.43 per share-equivalent. This price is used in the Form 4 to describe the value associated with the grant, rather than indicating an open-market trading price for a purchase.
Is the Republic Bancorp Form 4 for William Patrick Mulloy II a stock purchase?
The Form 4 reflects a grant-type acquisition, not a stock purchase. It records 33.175 dividend equivalent rights as a “Grant, award, or other acquisition,” meaning the director received additional rights as compensation rather than buying shares in the open market.
What are dividend equivalent rights in the Republic Bancorp insider report?
Dividend equivalent rights are compensation-related credits that mirror dividends on underlying shares. In this case, the Form 4 notes that 33.175 additional rights were acquired since the director’s last ownership report, increasing his economic exposure to Class A Common Stock.