Powell Anthony T 4

What Happened Anthony T. Powell, EVP and Chief Lending Officer of Republic Bancorp (RBCAA), exercised stock options on 2026-02-09. The filing shows he acquired 1,500 shares at $35.92 per share (total cost $53,880). To satisfy tax withholding, 737 shares were disposed/surrendered at $73.20 per share (withholding value $53,948). The report also shows the related derivative was converted/cancelled as part of the exercise. The net effect reported is an increase of 763 shares (1,500 acquired less 737 surrendered).

Key Details

• Transaction date: 2026-02-09.
• Exercise: 1,500 shares acquired at $35.92 — $53,880 total (code M = option exercise/conversion).
• Withholding/tax disposition: 737 shares disposed at $73.20 — $53,948 total (code F = tax withholding).
• Derivative conversion: 1,500 derivative units shown as converted/cancelled at $0 in the filing (code M).
• Shares owned after transaction: Not stated in the provided excerpt of the filing.
• Footnote: F1 notes this filing reflects additions and change in value of a 401(k) plan since the reporting person's last ownership report.
• Filing timeliness: Report filed 2026-02-10 for transactions on 2026-02-09 — appears timely (no late filing flag shown).

Context This was a cashless/sell-to-cover style option exercise: Powell exercised options (purchase) and surrendered some of the resulting shares to cover taxes. M = option exercise/derivative conversion; F = shares surrendered/withheld for tax liability. Exercises and sell-to-cover transactions are routine for executives converting option awards and do not by themselves indicate a change in sentiment.