Form 4: Merchants Bancorp Chairman and CEO Michael F. Petrie Reports Acquisition of Shares
SEC Form 4
Michael F. Petrie, Chairman and CEO of Merchants Bancorp, reports the acquisition of 22,981 shares of common stock and provides details on beneficial ownership.
Summary
- Michael F. Petrie, Chairman and CEO of Merchants Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On January 28, 2025, Petrie acquired 22,981 shares of common stock at $0.00 per share.
- Following the transaction, Petrie directly owns 2,013,526 shares of common stock.
- Petrie also has indirect ownership through his spouse, including 2,111,868 shares held directly by his spouse, 1,425,000 shares held in the Emily J. Petrie Irrevocable GST Trust 2010, 1,425,000 shares held in the Julia L. Petrie Irrevocable GST Trust 2010, 2,611,424 shares held in the Emily J. Petrie Irrevocable Trust 2010, 2,482,616 shares held in the Julia L. Petrie Irrevocable Trust 2010 and 674,729 shares held in The Petrie Grandchildren Trust Series C.
- Petrie directly owns 100,000 Depositary Shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings for signals about management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of transaction: Acquisition of common stock. |
| 01/29/2025 | Date of signature for the Form 4 filing. |
| 02/01/2025 | Vesting date for 35,319 unvested restricted stock units. |
| 02/01/2026 | Vesting date for 7,661 and 29,807 unvested restricted stock units. |
| 02/01/2027 | Vesting date for 7,660 and 20,736 unvested restricted stock units. |
| 02/01/2028 | Vesting date for 7,660 and 7,660 unvested restricted stock units. |
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