Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| REPUBLIC BANCORP INC /KY/RBCAA · Entity 1302 | PRESIDENT, RPG | June 30, 2026 | July 02, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
REPUBLIC BANCORP INC /KY/
Report date June 30, 2026 · Filed July 02, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Class A Common StockSEC Table I · non-derivative | Direct | 34,205.942 |
Reported balance
After 2026-06-30 transaction · row 1
Account or security details depend on footnotes; rows are not merged.
1 source rowRow 1 · 2026-06-30 · Grant · Acquired 59.546 · Balance 34,205.942 F1: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. |
| Employee Stock Option (right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $71.36 · Expires 2032-01-01 | Direct | 2,028 |
Reported balance
Holding disclosure · report date 2026-06-30 · row 2
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 2 · Balance 2,028 |
| Employee Stock Option (right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $49.25 · Expires 2030-01-01 | Direct | 4,484 |
Reported balance
Holding disclosure · report date 2026-06-30 · row 3
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 3 · Balance 4,484 |
| Employee Stock Option (right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $68.02 · Expires 2031-01-01 | Direct | 3,244 |
Reported balance
Holding disclosure · report date 2026-06-30 · row 4
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 4 · Balance 3,244 |
Filing footnotes · ownership attribution and instrument terms
F1: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| September 30, 2022 Filed Oct 4, 2022 14:52 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 175.823 | $38.30 | $6,734.02 |
DisclosureSEC source: 0001415889-22-010128 · form4-10042022_071055.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · PRESIDENT, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,879.611 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| June 30, 2022 Filed Jul 5, 2022 14:11 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 119.627 | $48.25 | $5,772.00 |
DisclosureSEC source: 0001415889-22-007245 · form4-07052022_070732.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · PRESIDENT, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,687.838 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| March 31, 2022 Filed Apr 4, 2022 15:19 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 128.438 | $44.94 | $5,772.00 |
DisclosureSEC source: 0001415889-22-003651 · form4-04042022_080456.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · PRESIDENT, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,551.807 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| January 18, 2022 Filed Jan 20, 2022 20:56 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantEmployee Stock Option (right to buy) · Derivative | 4,868 | $51.39 Strike: $51.39 | $250,166.52 |
DisclosureSEC source: 0001104659-22-005910 · tm224049-6_4seq1.xml · derivative · entry 2 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,868 Underlying: Class A Common Stock · 4,868 shares Expires 2025-12-31 Read SEC document |
| January 18, 2022 Filed Jan 20, 2022 20:56 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 667 | $51.39 | $34,277.13 |
DisclosureSEC source: 0001104659-22-005910 · tm224049-6_4seq1.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,410.997 Read SEC document |
| December 31, 2021 Filed Jan 4, 2022 15:02 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 132.219 | $50.84 | $6,722.01 |
DisclosureSEC source: 0001179110-22-000037 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,743.997 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| September 30, 2021 Filed Oct 4, 2021 15:31 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 132.952 | $50.65 | $6,734.02 |
DisclosureSEC source: 0001179110-21-009102 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,600.863 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| June 30, 2021 Filed Jul 2, 2021 15:21 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 125.125 | $46.13 | $5,772.02 |
DisclosureSEC source: 0001179110-21-007300 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,456.619 Read SEC document |
| April 20, 2021 Filed Apr 22, 2021 18:31 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Exercise / conversionEmployee Stock Option (right to buy) · Derivative | 2,750 | $0.00 Strike: $24.47 | $0.00 |
DisclosureSEC source: 0001179110-21-004560 · edgar.xml · derivative · entry 3 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Class A Common Stock · 2,750 shares Expires 2021-04-24 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| April 20, 2021 Filed Apr 22, 2021 18:31 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Tax withholdingClass A Common Stock | 1,922 | $44.45 | $85,432.90 |
DisclosureSEC source: 0001179110-21-004560 · edgar.xml · nonDerivative · entry 2 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,331.494 Read SEC document |
| April 20, 2021 Filed Apr 22, 2021 18:31 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Exercise / conversionClass A Common Stock | 2,750 | $24.47 | $67,292.50 |
DisclosureSEC source: 0001179110-21-004560 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,253.494 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| March 31, 2021 Filed Apr 2, 2021 14:56 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 130.323 | $44.29 | $5,772.01 |
DisclosureSEC source: 0001179110-21-004002 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,492.908 Read SEC document |
| January 27, 2021 Filed Jan 29, 2021 15:44 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantEmployee Stock Option (right to buy) · Derivative | 5,000 | $36.29 Strike: $36.29 | $181,450.00 |
DisclosureSEC source: 0001179110-21-000938 · edgar.xml · derivative · entry 2 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,000 Underlying: Class A Common Stock · 5,000 shares Expires 2024-12-31 Read SEC document |
| January 27, 2021 Filed Jan 29, 2021 15:44 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 1,333 | $37.48 | $49,960.84 |
DisclosureSEC source: 0001179110-21-000938 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,362.585 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| December 31, 2020 Filed Jan 5, 2021 16:14 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 159.69 | $36.07 | $5,760.02 |
DisclosureSEC source: 0001179110-21-000085 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,019.359 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| September 30, 2020 Filed Oct 2, 2020 17:31 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 239.134 | $28.16 | $6,734.01 |
DisclosureSEC source: 0001179110-20-010115 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,846.634 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| June 30, 2020 Filed Jul 2, 2020 19:03 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 176.46 | $32.71 | $5,772.01 |
DisclosureSEC source: 0001179110-20-007927 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,598.876 F1 · balance_after: Reflects additional dividend equivalent rights acquired since the date of the Reporting Person's last ownership report. Read SEC document |
| March 31, 2020 Filed Apr 2, 2020 15:46 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 204.97 | $33.03 | $6,770.16 |
DisclosureSEC source: 0001179110-20-004435 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,411.97 Read SEC document |
| March 10, 2020 Filed Mar 12, 2020 12:12 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantEmployee Stock Option (right to buy) · Derivative | 1,500 | $35.92 Strike: $35.92 | $53,880.00 |
DisclosureSEC source: 0001179110-20-003515 · edgar.xml · derivative · entry 4 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,500 Underlying: Class A Common Stock · 1,500 shares Expires 2026-03-09 Read SEC document |
| March 10, 2020 Filed Mar 12, 2020 12:12 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantEmployee Stock Option (right to buy) · Derivative | 1,500 | $35.92 Strike: $35.92 | $53,880.00 |
DisclosureSEC source: 0001179110-20-003515 · edgar.xml · derivative · entry 3 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,500 Underlying: Class A Common Stock · 1,500 shares Expires 2025-03-09 Read SEC document |
| March 02, 2020 Filed Mar 4, 2020 16:48 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Tax withholdingClass A Common Stock | 638 | $37.74 | $24,078.12 |
DisclosureSEC source: 0001179110-20-003015 · edgar.xml · nonDerivative · entry 2 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,207 Read SEC document |
| March 02, 2020 Filed Mar 4, 2020 16:48 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 2,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001179110-20-003015 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,845 Read SEC document |
| February 19, 2020 Filed Feb 21, 2020 20:04 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Exercise / conversionEmployee Stock Option (right to buy) · Derivative | 2,750 | $0.00 Strike: $24.47 | $0.00 |
DisclosureSEC source: 0001179110-20-002013 · edgar.xml · derivative · entry 3 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Class A Common Stock · 2,750 shares Expires 2020-04-24 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| February 19, 2020 Filed Feb 21, 2020 20:04 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Tax withholdingClass A Common Stock | 2,028 | $41.83 | $84,831.24 |
DisclosureSEC source: 0001179110-20-002013 · edgar.xml · nonDerivative · entry 2 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,845 Read SEC document |
| February 19, 2020 Filed Feb 21, 2020 20:04 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Exercise / conversionClass A Common Stock | 2,750 | $24.47 | $67,292.50 |
DisclosureSEC source: 0001179110-20-002013 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,873 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| December 31, 2019 Filed Jan 3, 2020 15:32 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 126 | $46.80 | $5,896.80 |
DisclosureSEC source: 0001179110-20-000080 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,123 Read SEC document |
| October 03, 2019 Filed Oct 7, 2019 19:03 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Tax withholdingClass A Common Stock | 3,030 | $42.23 | $127,956.90 |
DisclosureSEC source: 0001179110-19-010862 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 19,997 Read SEC document |
| September 30, 2019 Filed Oct 2, 2019 16:25 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 157 | $43.45 | $6,821.65 |
DisclosureSEC source: 0001104659-19-052451 · a4.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,027 Read SEC document |
| June 28, 2019 Filed Jul 2, 2019 18:12 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 117 | $49.75 | $5,820.75 |
DisclosureSEC source: 0001179110-19-008323 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,870 Read SEC document |
| March 29, 2019 Filed Apr 2, 2019 18:00 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 151 | $44.72 | $6,752.72 |
DisclosureSEC source: 0001179110-19-004452 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,753 Read SEC document |
| March 01, 2019 Filed Mar 5, 2019 17:13 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Tax withholdingClass A Common Stock | 697 | $45.00 | $31,365.00 |
DisclosureSEC source: 0001179110-19-003190 · edgar.xml · nonDerivative · entry 2 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,602 Read SEC document |
| March 01, 2019 Filed Mar 5, 2019 17:13 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 2,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001179110-19-003190 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,299 Read SEC document |
| December 31, 2018 Filed Jan 3, 2019 18:35 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 77 | $38.72 | $2,981.44 |
DisclosureSEC source: 0001179110-19-000142 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,299 Read SEC document |
| November 14, 2018 Filed Nov 16, 2018 17:58 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Tax withholdingClass A Common Stock | 338 | $44.82 | $15,149.16 |
DisclosureSEC source: 0001179110-18-012926 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,222 Read SEC document |
| October 03, 2018 Filed Oct 4, 2018 19:34 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 10,000 | $46.00 | $460,000.00 |
DisclosureSEC source: 0001179110-18-012051 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,560 Read SEC document |
| September 28, 2018 Filed Oct 2, 2018 18:12 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 76 | $46.10 | $3,503.60 |
DisclosureSEC source: 0001179110-18-011835 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,560 Read SEC document |
| June 29, 2018 Filed Jul 26, 2018 18:21 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 44 | $45.30 | $1,993.20 |
DisclosureSEC source: 0001179110-18-009927 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,484 Read SEC document |
| March 30, 2018 Filed Apr 2, 2018 17:00 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | GrantClass A Common Stock | 3,000 | $38.30 | $114,900.00 |
DisclosureSEC source: 0001179110-18-004991 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 11,440 Read SEC document |
| November 14, 2017 Filed Nov 16, 2017 19:07 UTC | REPUBLIC BANCORP INC /KY/ RBCAA · Entity 1302 | Tax withholdingClass A Common Stock | 395 | $38.56 | $15,231.20 |
DisclosureSEC source: 0001179110-17-014196 · edgar.xml · nonDerivative · entry 1 Nelson William R · CIK 0001459625 · President, RPG 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 8,440 Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.