Director Jack C. Sheppard Jr. of Parke Bancorp, Inc. filed a Form 4 on November 5, 2026, disclosing a restricted stock unit conversion that settled on October 21, 2026.

Key Highlights

  • Transaction: 500 restricted stock units were converted (transaction code M) into 500 shares of common stock on October 21, 2026, at a price of $0.
  • Direct ownership after transaction: Sheppard directly beneficially owns 125,488 shares of common stock following the reported transaction.
  • Indirect ownership: An additional 522 shares are held indirectly through Sheppard's spouse.
  • Remaining RSUs: Sheppard holds 2,000 restricted stock units directly following the transaction.
  • Stock options outstanding: Sheppard holds two tranches of stock options: 12,375 shares at an exercise price of $20.14 (expiring 08/22/2028) and 5,000 shares at $21.66 (expiring 06/13/2032), both held directly.
  • Filer role: Sheppard is identified as a Director of Parke Bancorp, Inc. (NASDAQ:PKBK).

Sheppard's October 2026 RSU Conversion at Parke Bancorp

According to the Form 4 filed on November 5, 2026, Jack C. Sheppard Jr., a director of Parke Bancorp, Inc. (NASDAQ:PKBK), reported a single non-derivative transaction on October 21, 2026. The transaction involved the acquisition of 500 shares of common stock through the conversion of restricted stock units, recorded under transaction code M at a reported price of $0. Following this transaction, the filing states that Sheppard directly beneficially owns 125,488 shares of common stock, with an additional 522 shares held indirectly through his spouse.

In Table II, the filing discloses the disposition of 500 restricted stock units under the same transaction code M on October 21, 2026, with both the exercisable date and expiration date listed as 10/21/2026, and a derivative security price of $0. The filing reports that Sheppard retains 2,000 restricted stock units directly after this transaction. Two separate stock option positions are also listed: 12,375 shares with a right-to-buy at $20.14, exercisable from August 22, 2019 and expiring August 22, 2028; and 5,000 shares at $21.66, exercisable from June 13, 2023 and expiring June 13, 2032. Both option tranches are held directly and show no transactions in this filing.

The form was signed by Jonathan D. Hill as power of attorney for Jack C. Sheppard Jr. and dated November 5, 2026. No amendment date is indicated, and the filing was made by one reporting person.

What Was Disclosed

The filing disclosed the October 21, 2026 conversion of 500 restricted stock units into 500 shares of common stock at $0 by Parke Bancorp director Jack C. Sheppard Jr., leaving him with 125,488 directly owned shares and 2,000 remaining RSUs.