Republic Bancorp Inc (NASDAQ: RBCAA) Executive Vice President and Chief Lending Officer Anthony T. Powell has completed a significant equity transaction. On June 10, 2026, Powell disposed of 3,000 shares of the company's Class A Common Stock. The transaction was executed at a price of $83.5377 per share, resulting in a total realized value of $250,613. The sale was formally documented in a filing submitted to the Securities and Exchange Commission on June 12, 2026.
Following the disposal of these shares, Powell's direct ownership position in Republic Bancorp's Class A Common Stock stands at 24,690.642 shares. This direct holding figure accounts for additional dividend equivalent rights acquired since his most recent ownership disclosure. Beyond direct holdings, Powell maintains an indirect position of 24,006.464 shares through a 401(k) plan, a figure that reflects both additions to the account and changes in valuation since his last reported ownership status.
Powell also retains a portfolio of employee stock options, providing him with the right to purchase shares at predetermined exercise prices over multiple future periods. Specifically, he holds the right to acquire 5,376 shares at an exercise price of $42.74. These options became exercisable on December 31, 2025, and are scheduled to expire on December 31, 2026. Additionally, Powell holds options for 4,484 shares at an exercise price of $49.25, which are exercisable starting January 1, 2027, and will expire on January 1, 2030. His option portfolio further includes rights to 3,244 shares at an exercise price of $68.02, exercisable from January 1, 2028, expiring January 1, 2031, and 2,028 shares at an exercise price of $71.36, exercisable from January 1, 2029, expiring January 1, 2032.
The timing of this insider transaction aligns with recent corporate developments at Republic Bancorp. The Louisville, Kentucky-headquartered financial institution recently reported its financial results for the quarter ended March 31, 2026. In conjunction with these quarterly results, Republic Bancorp announced a cash dividend of $0.495 per share for Class A Common Stock and $0.45 per share for Class B Common Stock. These dividends are scheduled to be payable on July 17, 2026, to shareholders of record as of June 18, 2026.
Corporate leadership expansions also mark this period for the bank. Republic Bank & Trust Company appointed Frank Vitarelli as the Florida Market President. Vitarelli brings over 25 years of financial services experience to the role, having previously held leadership positions at The Bank of Tampa, Regions Bank, Truist, and Wells Fargo. These organizational changes and financial disclosures reflect ongoing efforts to strengthen the company's market position and executive team.
Market data indicates that Republic Bancorp's stock has experienced recent upward momentum. The stock has climbed to $88, trading near its 52-week high of $88.78. Year-to-date performance shows shares up 27%. Despite this rally, analysis suggests the stock remains undervalued relative to its Fair Value, indicating potential upside.