Form 4: Merchants Bancorp Director Patrick D. O'Brien Acquires Additional Shares
SEC Form 4
Director Patrick D. O'Brien reports acquisition of Merchants Bancorp common stock as part of his director retainer.
Summary
- On August 15, 2024, Patrick D. O'Brien, a director of Merchants Bancorp, acquired 430 shares of common stock at a price of $40.78 per share.
- This acquisition was part of his quarterly retainer for service as a director.
- Following the transaction, O'Brien directly owns 116,467 shares of common stock, 6,000 Series B depositary shares, 43,700 Series C depositary shares, and 40,000 Series D depositary shares.
- O'Brien also indirectly owns 4,000 Series B depositary shares and 40,000 Series C depositary shares through O'Brien Motors, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation.
Positives
- Director's acquisition of shares may signal confidence in the company's future.
Industry Context
Directors often receive stock as part of their compensation, aligning their interests with shareholders.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Patrick D. O'Brien acquired 430 shares of common stock. |
| 08/19/2024 | Date of report: Form 4 signed by Terry A. Oznick, attorney-in-fact. |
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