secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC BANCORP INC /KY/ (RBCAA)
CIK:        0000921557
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001558370-23-000401
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Republic Bancorp grants equity awards and approves discretionary bonuses for executives
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- CEO Logan Pichel receives 4,757 Restricted Shares, 4,757 PSUs, and 21,505 NQSOs vesting Dec 31, 2025.
- CFO Kevin Sipes and Pres. William Nelson each get 1,189 PSUs and 5,376 NQSOs exercisable 2025-2026.
- Discretionary 2022 bonuses: Steve Trager $40K, Logan Pichel $50K, Kevin Sipes $17.5K, Juan Montano $50K.
- PSU payout tied to ROAA, efficiency ratio, and peer ranking as of Sep 30, 2022; shares held 2 yrs post-vest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921557/000155837023000401/0001558370-23-000401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921557/000155837023000401/rbcaa-20230117x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000401

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer