Nardi Scott 4

What Happened
Scott Nardi, SVP, Risk & Compliance Officer at Republic Bancorp (RBCAA), disposed of 172.076 shares on 2026-01-27 as a payment of tax liability (transaction code F). The shares were transacted at $70.82 each for a reported aggregate amount of approximately $12,186. This was a withholding/disposition to satisfy taxes (not a purchase).

Key Details

• Transaction date: 2026-01-27; Filing date: 2026-02-03 (filed 7 days after the transaction).
• Shares disposed: 172.076 at $70.82 per share; total ≈ $12,186.
• Transaction code: F — "Payment of exercise price or tax liability" (commonly indicates shares were withheld/sold to cover taxes).
• Shares owned after the transaction: not specified in the provided filing.
• No 10% owner status noted; this is an officer-level transaction.
• Check the full Form 4 for any footnotes or timeliness flags.

Context
Code F transactions typically reflect tax withholding following an option exercise or restricted share vesting; the company or broker retains/sells a portion of shares to satisfy tax obligations. These are usually routine administrative actions and do not necessarily signal the insider's view on the company's stock. Purchases or open-market buys are generally more informative about insider sentiment.