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

Sue Anne Gilroy, a director at Merchants Bancorp, acquired 430 shares of common stock as part of her quarterly retainer.

Summary

• On August 15, 2024, Sue Anne Gilroy, a director of Merchants Bancorp, acquired 430 shares of the company's common stock.
• The shares were acquired at a price of $40.78 per share.
• This acquisition was part of her quarterly retainer for serving as a director.
• Following the transaction, Gilroy directly owns 10,811 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: Routine transaction; director acquiring shares as part of compensation. Neutral sentiment.

Positives

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

Industry Context

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

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with theirs.

Key Dates