Nelson William R, president of Republic Bancorp’s RPG division, has filed 39 Form 4 transactions over the past two years, all in the company’s Class A common stock (RBCAA). The pattern is overwhelmingly one of accumulation through compensation rather than discretionary open-market activity. Across all filings, Nelson has acquired $859,463.63 in shares, with zero open-market purchases or sales. The bulk of that value stems from quarterly restricted stock grants and annual equity awards, including a $220,656.88 grant on January 15, 2025, and a $144,718.08 award on January 20, 2026.
The most recent filings, covering the second quarter of 2026, show a continuation of this rhythm: two small grants on June 30, 2026, worth $5,384.74 and $4,615.52, respectively. These sit alongside routine tax-withholding dispositions, coded as “F” transactions, which are automatic and not discretionary. For instance, on January 27, 2026, Nelson had $22,897.10 in shares withheld twice to cover tax obligations, and on January 16, 2026, a larger $309,058.81 withholding followed an option exercise valued at $229,770.24. Similar paired exercise-and-withholding events occurred on August 22, 2025, with $250,166.52 and $53,880.00 in exercises offset by $286,243.65 and $53,894.61 in tax-related surrenders.
Notably absent from the record are any open-market buys or sells—no “P” or “S” codes appear in the data. The absence of discretionary trading, combined with the steady stream of grants and mechanical option exercises, suggests Nelson’s stake in RBCAA is being built primarily through board-approved compensation structures rather than active positioning. The final trade in the dataset, a $20,891.13 tax withholding on December 31, 2024, further underscores the automatic nature of these filings. As of the most recent entry, Nelson’s holdings continue to grow through scheduled awards, with no indication of a directional bet on the stock’s near-term price.
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