Form 4: Merchants Bancorp Director Patrick D. O'Brien Acquires Shares as Part of Quarterly Retainer

Director Patrick D. O'Brien acquired 409 shares of Merchants Bancorp common stock as part of his quarterly retainer for board service.

Summary

• On February 20, 2025, Patrick D. O'Brien, a director of Merchants Bancorp, acquired 409 shares of common stock.
• The acquisition was part of his quarterly retainer for service as a director.
• The price per share was $42.82.
• Following the transaction, O'Brien directly owns 117,325 shares of common stock, 43,700 Series C Depositary Shares, 40,000 Series D Depositary Shares, and 40,000 Series E Depositary Shares.
• O'Brien also indirectly owns 40,000 Series C Depositary Shares and 40,000 Series E Depositary Shares through O'Brien Motors, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

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

Industry Context

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

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Merchants Bancorp, MBIN, Patrick D. O'Brien, Director, Stock Acquisition, Form 4, Insider Trading