Parke Bancorp (PKBK) CEO Vito Pantilione reports small stock gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PARKE BANCORP, INC. President & CEO Vito S. Pantilione reported two bona fide gifts of common stock, each for 100 shares, on Common Stock dated March 23, 2026. One 100-share gift reduced his direct holdings to 236,129 shares, and a second 100-share gift from an "ITF" indirect account reduced that balance to 18,042 shares. These are non-market transfers with no sale price. He continues to hold additional indirect common stock through an IRA, spouse, and 401(k) accounts, along with stock options covering 13,200 and 22,500 underlying shares and 2,500 restricted stock units that convert into common stock as they vest 20% per year for five years.
Positive
- None.
Negative
- None.
Insider Trade Summary
200 shares gifted
Mixed
8 txns
Insider
PANTILIONE VITO S
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 100 | $0.00 | -- |
| Gift | Common Stock | 100 | $0.00 | -- |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Stock Options Right-to-buy | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 236,129 shares (Direct);
Common Stock — 18,042 shares (Indirect, ITF);
Stock Options Right-to-buy — 13,200 shares (Direct);
Restricted Stock Units — 2,500 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider activity did PKBK CEO Vito Pantilione report on this Form 4?
Vito Pantilione reported two bona fide gifts of Parke Bancorp common stock, each for 100 shares, dated March 23, 2026. These are non-market transfers recorded at zero price, reflecting charitable or personal gifting rather than open-market buying or selling.
What indirect PKBK holdings does the CEO have following these transactions?
Following the 100-share gift from an ITF account, the CEO has 18,042 shares in that ITF holding, plus 43,958 shares in an IRA, 2,225 shares attributed to a spouse, and 15,640 shares in a 401(k). These balances are indirect ownership positions, separate from his direct holdings.
What stock options and RSUs linked to PKBK does the CEO retain?
The filing shows stock options to buy 13,200 Parke Bancorp shares at $20.14 expiring in 2028, and 22,500 shares at $12.29 expiring in 2030. It also lists 2,500 restricted stock units, each converting into one share, vesting 20% per year over five years.
Are the PKBK CEO’s reported transactions considered market buys or sells?
No, the reported Form 4 transactions are coded as bona fide gifts, not market buys or sells. Both 100-share movements are non-cash transfers recorded at $0.00 per share, so they do not represent open-market trading activity or a change in cash position.