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

Director Sue Anne Gilroy acquired 449 shares of Merchants Bancorp common stock as part of her quarterly retainer.

Summary

• Sue Anne Gilroy, a director at Merchants Bancorp, acquired 449 shares of common stock on November 20, 2024.
• The shares were awarded as part of her quarterly retainer for serving as a director.
• The price per share was $39, which was the closing price of the stock on the day before the most recent scheduled quarterly board meeting.
• Following the transaction, Ms. Gilroy directly owns 11,260 shares of Merchants Bancorp.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates alignment of interests with shareholders.
• The transaction is part of a regular compensation plan, indicating stability in director compensation.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity ownership.

Comparison to Industry Standards

• Many publicly traded companies use equity as part of director compensation.
• The practice of awarding shares based on a fixed dollar value at the closing price prior to a board meeting is a common method.
• This type of transaction is similar to those seen at other financial institutions such as JP Morgan Chase and Bank of America where directors receive stock as part of their compensation.

Stakeholder Impact

• Shareholders may view this positively as it aligns the director's interests with the company's performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Merchants Bancorp, Director, Share Acquisition, Form 4, Equity Compensation, MBIN, Insider Trading