Montano Juan, EVP and Chief Mortgage Banking Officer, has demonstrated a clear but mixed trading pattern in Republic Bancorp (RBCAA) shares since late 2023, with a net buying bias overall. His 25 reported transactions—all in RBCAA—total $725,360 in buys against $402,656 in sales, though recent activity has skewed toward disposals. The largest purchases occurred in January 2025 ($110,328) and January 2024 ($110,419), while sales peaked in September 2025 with two $92,391 dispositions. Notably, his two most recent trades on March 13, 2026, were sales totaling $248,568 (a $133,683 "F" code transaction and a $114,885 "M" code transaction), following a $96,479 acquisition in January 2026.
The transactions reveal a combination of discretionary and non-discretionary activity, with smaller quarterly "A" coded transactions (likely awards or automatic purchases) interspersed with larger discretionary sales and purchases. While Montano has maintained a long-term accumulation stance—particularly through 2024 and early 2025—the shift to net selling in late 2025 and early 2026 suggests a potential rebalancing. The absence of any recent buys contrasts with his earlier pattern of periodic, substantive acquisitions, though his retained position size remains significant given the cumulative net investment. All activity centers exclusively on RBCAA, indicating concentrated exposure to the regional bank’s stock.
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