Trager Kusman Andrew 4

What Happened

• Andrew Trager, a director of Republic Bancorp, was granted/received 282 shares on January 20, 2026. The Form 4 reports this as an award/acquisition (transaction code A) at a $0 purchase price (total reported cash = $0). Footnotes indicate these are additional dividend-equivalent rights acquired since his last ownership report and the award was immediate.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-22 (filed within the typical two-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 282; price reported: $0; total cash consideration reported: $0.
• Shares owned after the transaction: not provided in the excerpt.
• Notable footnotes: F1 (dividend-equivalent rights), F2–F3 (ownership via family limited partnerships/trusts with disclaimers), F4 (Class B shares convertible 1:1 to Class A), F5 (immediate), F6 (none).
• No sale or cash purchase reported—this is a compensation-style award rather than an open-market buy.

Context

• Dividend-equivalent or director award grants are common forms of compensation and do not necessarily signal a change in insider sentiment. The $0 price reflects that these shares were awarded, not purchased on the open market.
• The filing appears timely. The reporting person’s beneficial ownership may be affected by family partnerships/trust arrangements noted in the footnotes; the filer disclaims beneficial ownership beyond pecuniary interest where indicated.