Director Arret F. Dobson of Parke Bancorp, Inc. filed a Form 4 on November 5, 2026, reporting a restricted stock unit conversion on October 21, 2026, that added 500 shares of common stock to his direct holdings.

Key Highlights

  • Transaction date: October 21, 2026, with 500 restricted stock units converted into 500 shares of common stock at a price of $0.
  • Transaction code: M (exercise or conversion of a derivative security), reported under Table I and Table II.
  • Post-transaction direct holdings: 106,143 shares of common stock beneficially owned directly following the reported transaction.
  • Remaining RSUs: 2,000 restricted stock units remain directly held after the conversion.
  • 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 held: Two tranches remain - 12,375 options with a $20.14 exercise price expiring 08/22/2028, and 5,000 options with a $21.66 exercise price expiring 06/13/2032, both held directly.

Dobson's October 2026 RSU Conversion at Parke Bancorp

According to the filing, Arret F. Dobson, identified as a Director of Parke Bancorp, Inc. (NASDAQ:PKBK), reported the conversion of 500 restricted stock units into 500 shares of common stock on October 21, 2026. The transaction was recorded under transaction code M, reflecting the exercise or conversion of a derivative security. The price attributed to both the acquisition of shares and the disposition of the RSUs is listed as $0 in the filing.

Following this transaction, the filing reports that Dobson directly and beneficially owns 106,143 shares of Parke Bancorp common stock. The filing further discloses that 2,000 restricted stock units remain outstanding in Dobson's direct holdings after the reported conversion. The filing states that each restricted stock unit converts into one share of common stock upon vesting, at a rate of 20% per year over five years.

In addition to the RSU position, the filing reports two tranches of stock options held directly by Dobson. The first tranche consists of 12,375 options with a conversion or exercise price of $20.14, exercisable as of August 22, 2019, and expiring August 22, 2028. The second tranche consists of 5,000 options with an exercise price of $21.66, exercisable as of June 13, 2023, and expiring June 13, 2032. The Form 4 was signed on November 5, 2026, by Jonathan D. Hill under a power of attorney on behalf of Arret F. Dobson.

What Was Disclosed

Parke Bancorp Director Arret F. Dobson reported the October 21, 2026 conversion of 500 restricted stock units into 500 shares of common stock at $0, bringing direct share ownership to 106,143, with 2,000 RSUs and two stock option tranches remaining.