PANTILIONE VITO S 4

What Happened
Vito S. Pantilione, President, CEO and Director of Parke Bancorp, purchased 600 shares of the company's common stock in an open-market transaction on February 27, 2026. The shares were acquired at $28.50 per share for a total transaction value of $17,100. This was a purchase (insider buy), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction date: 2026-02-27; reported on Form 4 filed 2026-03-02 (filed within the normal reporting window).
• Transaction type/code: Open market purchase (P).
• Price and amount: 600 shares at $28.50 each; total = $17,100.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: F1 — Each restricted stock unit (RSU) converts into one share upon vesting, vesting 20% per year over 5 years. This footnote relates to RSU grants and potential future share issuance, not to the open-market purchase reported here.
• No indication of a 10b5-1 plan, net-share settlement/tax withholding, or cashless exercise in this transaction.

Context

• This filing reports a straightforward open-market purchase by an executive. It does not involve option exercises, awards being received immediately, gifts, or derivative transactions.
• Purchases by executives can reflect confidence, but filings are purely disclosure; they do not prove future performance.