Republic Bancorp (NASDAQ: RBCAA) EVP exercises options, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Republic Bancorp EVP and General Counsel Christy Ames reported routine equity compensation activity involving stock options and common shares of Class A Common Stock.
Ames exercised options to acquire 2,688 shares of Class A Common Stock at an effective exercise price of $42.74 per share. To cover tax obligations, 1,859 shares of Class A Common Stock were disposed of in a tax-withholding transaction at $72.46 per share. After these transactions, Ames directly holds 8,343.631 shares of Class A Common Stock.
Ames also continues to hold employee stock options on Class A Common Stock, including options over 1,352 shares at an exercise price of $71.36 expiring on January 1, 2032, 1,622 shares at $68.02 expiring on January 1, 2031, and 2,242 shares at $49.25 expiring on January 1, 2030. A footnote indicates these figures reflect additional dividend equivalent rights acquired since Ames’s last ownership report.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,688 shares exercised/converted
Mixed
6 txns
Insider
Ames Christy
Role
EVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 2,688 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,688 | $42.74 | $115K |
| Tax Withholding | Class A Common Stock | 1,859 | $72.46 | $135K |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct, null);
Class A Common Stock — 8,343.631 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options exercised: 2,688 shares
Tax-withholding shares: 1,859 shares
Shares held after transactions: 8,343.631 shares
+3 more
6 metrics
Options exercised
2,688 shares
Class A Common Stock acquired via option exercise at <money>$42.74</money>
Tax-withholding shares
1,859 shares
Class A Common Stock withheld for taxes at <money>$72.46</money>
Shares held after transactions
8,343.631 shares
Direct Class A Common Stock holding following Form 4 activity
Remaining option grant 1
1,352 shares at <money>$71.36</money>
Employee stock option, expires <date>January 1, 2032</date>
Remaining option grant 2
1,622 shares at <money>$68.02</money>
Employee stock option, expires <date>January 1, 2031</date>
Remaining option grant 3
2,242 shares at <money>$49.25</money>
Employee stock option, expires <date>January 1, 2030</date>
Key Terms
Employee Stock Option (right to buy), tax-withholding disposition, derivative exercise/conversion, dividend equivalent rights
4 terms
Employee Stock Option (right to buy) financial
"security_title is listed as "Employee Stock Option (right to buy)""
tax-withholding disposition financial
"transaction_action describes an F-code as a 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.
derivative exercise/conversion financial
"transaction_action labels M-code as derivative exercise/conversion"
dividend equivalent rights financial
"footnote notes additional dividend equivalent rights acquired"
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.
FAQ
What insider transactions did RBCAA executive Christy Ames report on this Form 4?
Christy Ames exercised employee stock options to acquire 2,688 shares of Class A Common Stock and had 1,859 shares withheld as a tax-withholding disposition. These moves reflect routine equity compensation activity rather than open-market buying or selling.
Were any of Christy Ames’s RBCAA transactions open-market buys or sells?
No open-market buys or sells are shown. The Form 4 reports a derivative exercise (code M) of stock options for 2,688 shares and a tax-withholding disposition (code F) of 1,859 shares, both typical for equity compensation events.
What Republic Bancorp stock options does Christy Ames still hold after this Form 4?
Ames retains employee stock options on Class A Common Stock covering 1,352 shares at $71.36, 1,622 shares at $68.02, and 2,242 shares at $49.25. These options expire between 2030 and 2032, according to the filing.
What is the significance of the F and M transaction codes in the RBCAA Form 4?
Code M indicates a derivative exercise, where options were converted into 2,688 common shares. Code F represents a tax-withholding disposition, with 1,859 shares withheld to satisfy tax or exercise costs, not an open-market sale.
What does the dividend equivalent rights footnote mean in the RBCAA Form 4?
The footnote states the figures reflect additional dividend equivalent rights acquired since Ames’s last ownership report. Dividend equivalents credit option or unit holders with amounts mirroring dividends, increasing the underlying share-based rights recorded in this ownership update.