Director Elizabeth A. Milavsky of Parke Bancorp, Inc. filed a Form 4 on November 5, 2026, reporting a restricted stock unit vesting transaction dated October 21, 2026, that converted 500 RSUs into common shares at $0 price.

Key Highlights

  • Transaction type: Code "M" acquisition of 500 shares of common stock upon vesting of restricted stock units on October 21, 2026, at a price of $0.
  • Direct holdings after transaction: Milavsky directly holds 35,778 shares of common stock following the reported transaction.
  • Indirect holdings: An additional 15,912 shares are held indirectly through a 401K plan.
  • Remaining RSUs: 2,000 restricted stock units remain directly held following the transaction.
  • RSU vesting schedule: According to the filing, each restricted stock unit converts into one share of common stock upon vesting, 20% per year for 5 years.
  • Stock options outstanding: Milavsky also holds stock options totaling 29,150 shares underlying three separate grants, with exercise prices of $20.14, $12.29, and $21.66.

Milavsky's October 2026 RSU Vesting at Parke Bancorp

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Elizabeth A. Milavsky, a director of Parke Bancorp, Inc. (NASDAQ:PKBK), reported a beneficial ownership change resulting from the vesting of restricted stock units. The transaction, dated October 21, 2026, carried transaction code "M," reflecting the conversion of derivative securities into common stock. The 500 RSUs vested at a price of $0, in line with the filing's explanation that each unit converts into one share upon vesting.

Following this transaction, the filing reports Milavsky directly owns 35,778 shares of Parke Bancorp common stock, with an additional 15,912 shares held indirectly through a 401K plan. The 500 RSUs that vested were drawn from a grant that originally carried a 20% annual vesting rate over five years, with the vesting and expiration dates both listed as October 21, 2026. After the vesting, 2,000 RSUs remain in Milavsky's direct beneficial ownership.

The filing also discloses three outstanding stock option grants classified as "Stock Options Right-to-buy." These cover 1,650 shares at an exercise price of $20.14 (exercisable since August 22, 2019, expiring August 22, 2028), 22,500 shares at $12.29 (exercisable since April 24, 2021, expiring April 24, 2030), and 5,000 shares at $21.66 (exercisable since June 13, 2023, expiring June 12, 2032). All three option positions are held directly and no derivative transactions were reported in connection with these options in this filing.

What Was Disclosed

Director Elizabeth A. Milavsky reported the October 21, 2026 vesting of 500 Parke Bancorp restricted stock units into common shares at $0, leaving her with 35,778 shares directly, 15,912 indirectly via a 401K, and 2,000 RSUs remaining.