Sec Form 4 Filing - Nichols George III @ REPUBLIC BANCORP INC /KY/ - 2022-07-20

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Nichols George III
2. Issuer Name and Ticker or Trading Symbol
REPUBLIC BANCORP INC /KY/ [ RBCAA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
601 W MARKET ST
3. Date of Earliest Transaction (MM/DD/YY)
07/20/2022
(Street)
LOUISVILLE, KY40202
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/20/2022 A 207.254 A 2,843.625( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Nichols George III
601 W MARKET ST
LOUISVILLE, KY40202
X
Signatures
/s/ Kevin Sipes, Attorney-in-Fact 07/22/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )During 2021 and 2022, the Issuer inadvertently failed to pay the Reporting Person certain fees in connection with the Reporting Person's Board committee service. For both years, the Reporting Person had timely elected to defer these fees in accordance with the Issuer's Non-Employee Director and Key Employee Deferred Compensation Plan (the "Plan"). Under the Plan, on a quarterly basis, amounts credited to the Reporting Person's deferred compensation account are to be converted into whole stock units ("Stock Units") equivalent in value to shares of Issuer Class A common stock at the closing price on the last day of the quarter. Thereafter, dividends on Stock Units are paid to the Reporting Person in additional Stock Units in accordance with the Issuer's dividend reinvestment plan.
( 2 )On July 20, 2022, the Issuer's Board of Directors approved a corrective payment to compensate the Reporting Person for the unpaid fees through a grant of that number of Stock Units that the Reporting Person would have received had the fees been converted to Stock Units under the Plan.
( 3 )Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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