Form 4: Merchants Bancorp Director Sue Anne Gilroy Acquires Additional Shares as Part of Quarterly Retainer

Sue Anne Gilroy, a director at Merchants Bancorp, acquired 409 shares of common stock as part of her quarterly retainer.

Summary

• On February 20, 2025, Sue Anne Gilroy, a director of Merchants Bancorp, acquired 409 shares of common stock.
• The shares were acquired at a price of $42.82 per share.
• This acquisition was part of her quarterly retainer for service as a director.
• Following the transaction, Gilroy directly owns 11,669 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: 7

Explanation: The sentiment is neutral to positive. A director increasing their stake in the company is generally viewed favorably, indicating confidence in the company's future.

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 those of shareholders. This is a common practice in corporate governance.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

Merchants Bancorp, Director, Sue Anne Gilroy, Stock Acquisition, MBIN, Quarterly Retainer, Form 4