DOBSON ARRET F 4
Research Summary
AI-generated summary
PARKE BANCORP (PKBK) Director Arret F. Dobson Sells 2,500 Shares
What Happened Arret F. Dobson, a director of PARKE BANCORP, sold 2,500 shares on June 10, 2026 at $31.73 per share, generating $79,325 in proceeds. The transaction is reported as an open-market or private sale (transaction code S), a routine insider liquidity event rather than an explicit bullish signal.
Key Details
- Transaction date and price: June 10, 2026 — 2,500 shares at $31.73 each.
- Total value: $79,325.
- Shares owned after transaction: Not specified in this filing.
- Footnote: F1 notes that each restricted stock unit converts into one share upon vesting (20% per year over 5 years).
- Filing date: Report filed June 23, 2026 for a June 10 transaction — this appears late (Form 4s are generally due within two business days), which may affect timeliness of disclosure.
- No 10b5-1 plan or other special plan is disclosed in the filing.
Context This was a director sale of modest size (~$79k). Sales by directors can reflect routine liquidity (taxes, diversification, personal needs) and do not necessarily indicate a change in company outlook. For retail investors, purchases by insiders tend to be more informative than routine sales; note this filing does not show whether Dobson remains a significant owner.