Nelson William R 4

What Happened

William R. Nelson, President of Republic Bancorp, reported that 323.314 shares were disposed on January 27, 2026 to satisfy tax withholding related to an equity award or option exercise. The shares were valued at $70.82 each, for a total of approximately $22,897. This is a withholding to cover tax liability (routine), not an open-market sale signaling a directional bet.

Key Details

• Transaction date: 2026-01-27; filing date: 2026-01-29 (filed timely).
• Action: Payment of tax liability via withholding/disposition (Form 4 code F).
• Shares withheld/disposed: 323.314 at $70.82 each; total value ≈ $22,897.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes/notes: Code F indicates shares were used to satisfy tax obligations tied to a prior grant/exercise.

Context

Withholding shares to cover taxes is a common administrative step after an option exercise or award and generally reflects tax settlement rather than a trade motivated by the insider’s view of the company. For investors, outright purchases typically carry more weight as a bullish signal; tax withholding is routine and should be interpreted accordingly.