Elizabeth A. Milavsky, a director at Parke Bancorp, Inc., has reported a transaction involving 500 shares of common stock. This transaction, filed on November 5, 2026, is significant as it showcases Milavsky's active role in the company and the banking industry.
Background
Parke Bancorp, Inc. is a financial institution based in Washington Township, New Jersey. The company operates within the SIC classification of State Commercial Banks. Parke Bancorp is publicly traded under the ticker symbol PKBK.
What the Filing Says
According to the filing, Milavsky acquired 500 shares of common stock on October 21, 2026. Following this transaction, she now owns a total of 35,778 shares directly. The filing states, "transaction code M" indicating a purchase.
Impact
This transaction may affect shareholders and potential investors by providing insights into Milavsky's confidence in the company's future. As a director, her financial decisions are closely watched by stakeholders.
What's Next
The filing does not say what happens next.
Ownership Details
In addition to the 35,778 shares directly owned after the recent transaction, Milavsky also holds 15,912 shares indirectly through a 401K plan. This indicates a significant investment in Parke Bancorp, reflecting her commitment to the company.
Stock Options and Restricted Stock Units
Milavsky's filing also reveals her holdings in stock options and restricted stock units. She has stock options to purchase 1,650 shares at an exercise price of $20.14, which expire on August 22, 2028. Additionally, she holds options for 22,500 shares at $12.29, expiring on April 24, 2030, and 5,000 shares at $21.66, expiring on June 12, 2032. Furthermore, she has 500 restricted stock units that convert into shares upon vesting, with a vesting schedule of 20% per year for five years.
Signature and Filing Date
The transaction was officially signed by Milavsky on November 5, 2026, indicating her active engagement in the reporting process. The filing was submitted under the SEC Act of 1934, adhering to regulatory requirements for transparency in ownership changes.
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