Republic Bancorp Director Records 166.09 Share Acquisition as Dividend Equivalent

Rhea-AI Filing Summary

William Patrick Mulloy II, a director of Republic Bancorp, Inc. RBCAA), reported an acquisition on Form 4 dated 10/02/2025 for transactions executed 09/30/2025. The filing shows an acquisition of 166.09 shares of Class A common stock at a reported price of $72.25 per share. After the transaction, the report lists 27,740.78 shares beneficially owned by the reporting person, and an explanatory footnote states these reflect additional dividend equivalent rights acquired since the previous ownership report. The form was filed individually and signed by an attorney-in-fact.

Positive

• Director received additional shares through dividend-equivalent rights, which can align insider and shareholder interests

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director acquisition reflecting dividend-equivalent issuance; not indicative of a material change.

The Form 4 documents a director-level receipt of 166.09 Class A shares at $72.25, with a note that these are additional dividend-equivalent rights. This suggests the shares were credited as compensation-linked dividend equivalents rather than an open-market buy, consistent with typical equity compensation or dividend-crediting practices for insiders. Because the report is an issuance/crediting event rather than a large open-market purchase or sale, it is generally a routine disclosure for governance and compensation transparency. The transaction size relative to the total reported holdings (27,740.78 shares) appears modest and does not by itself signal a material shift in insider ownership.

Securities Analyst

TL;DR: Administrative issuance of dividend-equivalent rights recorded; limited immediate market impact.

The filing shows Code A acquisition of 166.09 shares at $72.25 on 09/30/2025, and an explanatory note confirms these arise from dividend-equivalent rights since the last report. For investors, such credits typically stem from share-based compensation plans or dividend reinvestment-like arrangements for plan participants. The reported beneficial ownership of 27,740.78 shares provides a snapshot of the insider's current stake. Given the nature and scale of the reported transaction, it is unlikely to materially affect liquidity or valuation metrics for RBCAA.

10/02/2025 - 08:47 AM

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

1. Name and Address of Reporting Person^*

Mulloy William Patrick II

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		A		166.09	A	$72.25	27,740.78(1)	D

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

Explanation of Responses:

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

	/s/ Kevin Sipes, Attorney-in-Fact	10/02/2025
	** 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 William Patrick Mulloy II report on the Form 4 for RBCAA?

The Form 4 reports an acquisition of 166.09 Class A shares at $72.25 per share, dated 09/30/2025, recorded as dividend-equivalent rights.

How many shares does the reporting person beneficially own after the transaction?

The filing shows the reporting person beneficially owns 27,740.78 shares following the reported transaction.

What is the nature of the acquisition reported on RBCAA Form 4?

The transaction is coded A (acquisition) and the explanatory note states these are additional dividend-equivalent rights since the last ownership report.

Was this Form 4 filed individually or jointly?

The form was filed by one reporting person (individual filing) and signed by an attorney-in-fact on 10/02/2025.

Does the Form 4 indicate an open-market purchase?

No. The filing explicitly attributes the shares to dividend-equivalent rights, not an open-market purchase.