Director Fred G. Choate of Parke Bancorp, Inc. filed a Form 4 on November 5, 2026, disclosing a restricted stock unit vesting transaction dated October 21, 2026, in which 500 shares of common stock were acquired at $0 price.

Key Highlights

  • Reporting person: Fred G. Choate, identified as a Director of Parke Bancorp, Inc. (NASDAQ:PKBK).
  • Transaction: 500 restricted stock units vested on October 21, 2026, converting into 500 shares of common stock at $0 per share (transaction code M).
  • Post-transaction direct holdings: 4,498 shares of common stock held directly following the reported transaction.
  • RSU balance: 2,000 restricted stock units remain directly held after the vesting event.
  • Stock options outstanding: Choate holds three tranches of stock options totaling 21,875 shares underlying rights-to-buy, at exercise prices of $12.29, $20.14, and $21.66, all held directly.
  • RSU vesting schedule: According to the filing, each restricted stock unit converts into one share of common stock upon vesting at a rate of 20% per year for 5 years.

Choate RSU Vesting and Beneficial Ownership at Parke Bancorp

According to the Form 4 filed with the SEC on November 5, 2026, Fred G. Choate, a director of Parke Bancorp, Inc. (NASDAQ:PKBK), reported a vesting event under Table I involving 500 shares of common stock acquired on October 21, 2026. The transaction was coded "M," indicating the acquisition arose from the conversion of a derivative security, specifically restricted stock units, at a price of $0. Following this transaction, Choate directly holds 4,498 shares of common stock.

The filing also details Choate's derivative securities positions in Table II. The restricted stock unit award that generated the October 21 vesting had an exercise date of October 21, 2026, an expiration date of October 21, 2026, and a conversion price of $0. After the vesting, 2,000 restricted stock units remain in his direct beneficial ownership. The filing notes that "each restricted stock unit converts into one share of common stock upon vesting, 20% per year for 5 years."

In addition, the filing discloses three separate stock option tranches held directly by Choate: 4,500 shares underlying options with an exercise price of $12.29, exercisable from April 24, 2021 and expiring April 24, 2030; 12,375 shares underlying options at $20.14, exercisable from August 22, 2019 and expiring August 22, 2028; and 5,000 shares underlying options at $21.66, exercisable from June 13, 2023 and expiring June 13, 2032. The filing was signed by Jonathan D. Hill as power of attorney for Fred Choate.

What Was Disclosed

Parke Bancorp director Fred G. Choate disclosed the vesting of 500 restricted stock units into common shares on October 21, 2026, leaving him with 4,498 shares of common stock and 2,000 remaining RSUs held directly, alongside three stock option positions.