Form 4: Merchants Bancorp Director Sue Anne Gilroy Acquires Additional Shares

Director Sue Anne Gilroy acquired 536 shares of Merchants Bancorp (MBIN) common stock on May 15, 2025, as part of her quarterly retainer.

Summary

• Sue Anne Gilroy, a director of Merchants Bancorp (MBIN), acquired 536 shares of common stock on May 15, 2025.
• The shares were acquired at a price of $32.71 per share.
• This acquisition was part of her quarterly retainer for service as a director.
• Following the transaction, Gilroy directly owns 12,205 shares of Merchants Bancorp.
• The number of shares awarded was determined by dividing the dollar value of the equity portion by the closing price of one share of the Issuer's common stock on the day immediately prior to the most recent scheduled quarterly board meeting, and rounding up to the next whole share.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications.

Positives

• A director's increased stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are routinely monitored as they can provide insights into the perspectives of company leadership regarding the company's valuation and future performance.

Stakeholder Impact

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

Key Dates

Keywords

Merchants Bancorp, MBIN, Sue Anne Gilroy, Director, Share Acquisition, Form 4, Insider Trading