Form 4: Merchants Bancorp Director Acquires Shares as Part of Quarterly Retainer

David N. Shane, a director at Merchants Bancorp, acquired 536 shares of common stock at $32.71 per share as part of his quarterly retainer.

Summary

• On May 15, 2025, David N. Shane, a director of Merchants Bancorp, acquired 536 shares of common stock.
• The shares were acquired at a price of $32.71 per share.
• This acquisition was part of the equity portion of his quarterly retainer for serving as a director.
• Following the transaction, Shane directly owns 22,048 shares of Merchants Bancorp common stock.
• Shane also disposed of 2,000 Series C Depositary Shares, 2,000 Series D Depositary Shares and 2,000 Series E Depositary Shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.

Positives

• The director's acquisition of shares demonstrates confidence in the company.

Industry Context

Directors commonly receive equity as part of their compensation, aligning their interests with shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates

Keywords

Merchants Bancorp, Director, Share Acquisition, Form 4, MBIN, David N. Shane, Quarterly Retainer, Equity, Common Stock