Montano Juan 4

What Happened

• Juan Montano, EVP & Chief Mortgage Banking Officer at Republic Bancorp (RBCAA), received awards on 2026-01-20. The Form 4 reports acquisition of 1,352 derivative shares at $71.36 each (total value $96,479) and 353 shares reported at $0 (dividend-equivalent rights). Transaction code A indicates these were grants/awards, not open-market purchases or sales.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-22 (timely filing).
• Awarded: 1,352 derivative shares @ $71.36 = $96,479.
• Also reported: 353 shares @ $0 (per footnote F1, these reflect additional dividend equivalent rights).
• Footnote F2 notes changes related to a 401(k) plan since the last report (included in the filing).
• Shares owned after the transaction: not specified on the information provided in this summary.

Context

• Code A = grant/award. The 1,352 "derivative" shares are likely restricted stock units or similar equity awards rather than stock bought in the open market; the 353 $0 shares reflect dividend-equivalent rights (per F1). Such awards are common as compensation and do not necessarily indicate the insider’s personal buying/selling sentiment.