Form 4: Merchants Bancorp CEO Michael Dury Reports Stock Transaction
SEC Form 4 Filing
Michael R. Dury, CEO of Merchants Capital, reports the disposition of 3,758 shares of Merchants Bancorp common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 1, 2025, Michael R. Dury, CEO of Merchants Capital, reported a transaction involving Merchants Bancorp [MBIN] common stock.
- Dury disposed of 3,758 shares at a price of $41.93 per share to cover tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Dury directly owns 98,069 shares of common stock, which includes 13,378 unvested restricted stock units.
- These unvested units vest on the following dates: 6,771 on 2/1/2026, 4,829 on 2/1/2027, and 1,778 on 2/1/2028.
- Dury also indirectly owns 18,200 shares as Trustee of the Michael R. Dury GRAT 2023 Series C, and directly owns 26,000 Depositary Shares Series D and 4,000 Depositary Shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations, which is a normal part of executive compensation. There's no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock activity related to tax obligations from vested restricted stock units, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of stock transaction (disposal of shares for tax obligations). |
| 02/01/2026 | Vesting date for 6,771 restricted stock units. |
| 02/01/2027 | Vesting date for 4,829 restricted stock units. |
| 02/01/2028 | Vesting date for 1,778 restricted stock units. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Michael R. Dury, Merchants Bancorp, MBIN, CEO, Restricted Stock Units, Tax Withholding
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