Ames Christy 4

What Happened

• Ames Christy, Executive Vice President and General Counsel of Republic Bancorp (RBCAA), exercised 2,688 derivative awards on April 22, 2026. The exercise cost reported was $42.74 per share for a total cash outlay of $114,885.
• To satisfy tax withholding, 1,859 shares were surrendered/withheld at a reported value of $72.46 per share, equal to $134,703. The net result of this exercise was 829 shares delivered to the insider (2,688 exercised minus 1,859 withheld).
• The Form 4 also shows a derivative conversion entry (2,688 shares) associated with the exercise. Footnote F1 notes additional dividend equivalent rights were acquired since the last ownership report.

Key Details

• Transaction date: April 22, 2026; Form 4 filed April 24, 2026 (appears timely under the two-business-day rule).
• Exercise: 2,688 shares at $42.74/share = $114,885 (code M: option/derivative exercise).
• Tax withholding/payment: 1,859 shares at $72.46/share = $134,703 (code F: shares used to pay tax liability).
• Net shares delivered to insider from this exercise: 829 shares.
• Footnote: F1 indicates additional dividend-equivalent rights were acquired since the last report.
• No indication this was part of a 10b5-1 plan or that the filing was late.

Context

• This was an option/derivative exercise with shares withheld to cover taxes (a cashless-type settlement for the tax obligation); withholding is routine and does not necessarily indicate a broader buy/sell signal.
• Purchases/exercises give insiders ownership exposure; the net addition here is 829 shares from the exercise, while tax withholding reduced the gross issuance.