Form 4: Mercantile Bank Corp Director Michael S. Davenport Reports Stock Transactions
SEC Form 4 Filing
Director Michael S. Davenport reports acquisition and disposal of Mercantile Bank Corp stock on June 20, 2024.
Summary
- On June 20, 2024, Michael S. Davenport, a director of Mercantile Bank Corp, acquired 1,035 shares of common stock at $0.
- On the same day, Davenport disposed of 7,507 shares of common stock.
- Following these transactions, Davenport directly owns 7,507 shares and indirectly owns 1,800 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the director's view of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of stock acquisition and disposal. |
| 06/24/2024 | Date of signature on the report. |
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