SIPES KEVIN D 4

What Happened Kevin D. Sipes, Chief Financial Officer of Republic Bancorp, received equity awards on January 20, 2026. The filing shows (1) 2,873 derivative units granted at a reported price of $71.36 each (total reported value $205,017) and (2) 525 shares recorded at $0.00 that reflect additional dividend equivalent rights. This is an award/compensation event (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-20; Form 4 filed 2026-01-22 (appears timely).
• Grants reported:
  • 2,873 derivative units @ $71.36 — total reported value $205,017.
  • 525 units @ $0.00 — dividend equivalent rights (see footnote).
• Shares owned after the transaction: not disclosed in this filing.
• Footnote: F1 — Reflects additional dividend equivalent rights acquired since the Reporting Person's last ownership report.
• Transaction type: Award/grant (A); derivative units likely convert to common stock upon vesting.

Context Derivative awards usually represent restricted stock units (RSUs) or similar instruments that vest over time and convert to common shares when vested; they are compensation, not an immediate purchase signal. The 525 units at $0.00 are dividend equivalents, which compensate for dividends on awards and don’t represent an open‑market trade. As with most compensation grants, this filing is informational about executive pay rather than a direct endorsement of short‑term stock moves.