other material
confidence high
sentiment positive
materiality 0.50
Republic Bancorp increases share buyback authorization by 400,000 shares
REPUBLIC BANCORP INC /KY/
- Board authorized purchase of up to 400,000 additional Class A shares, representing 2.3% of outstanding Class A shares.
- As of Jan 23, 2024: 17,244,056 Class A shares and 2,150,669 Class B shares outstanding.
- No expiration date set; purchases at management's discretion via open market, block trades, or private transactions.
- Authorization allows adoption of 10b5-1 trading plans to repurchase during insider-trading blackout periods.