PICHEL LOGAN 4

What Happened Logan Pichel, President & CEO of Republic Bancorp (RBCAA) and a director, was granted equity on January 20, 2026. The Form 4 shows two acquisitions: 4,220 shares reported at $0.00 (direct award/acquisition) and 16,903 derivative shares valued at $71.36 each (imputed value $1,206,198). These entries are awards/acquisitions (code A)—not open-market purchases or sales.

Key Details

• Transaction date: 2026-01-20; filed with the SEC on 2026-01-22.
• Grants: 4,220 shares @ $0.00; 16,903 derivative shares @ $71.36 (total derivative value $1,206,198).
• Total shares granted on the date: 21,123.
• Shares owned after the transactions: not shown in the provided excerpt of the filing.
• Footnotes on the Form 4:
  • F1: Additional dividend-equivalent rights acquired since last report.
  • F2: Includes 209.740 shares from the issuer's dividend reinvestment plan (DRIP) since last report.
  • F3: Reflects additions/changes in the issuer’s 401(k) plan since last report.
• Filing timeliness: transaction reported in a Form 4 dated Jan 22 for a Jan 20 transaction (no late-filing flag provided in the excerpt).

Context

• The "Derivative" entry typically reflects awards such as restricted stock units or similar equity units that convert to shares subject to vesting or other conditions; the Form 4 values them at $71.36 each but they are not immediate open-market purchases.
• Equity awards to executives are common compensation and do not necessarily signal a personal market view; they often vest over time and may include dividend equivalents (noted in F1) or be supplemented by DRIP/401(k) activity (F2, F3).