Form 4: Merchants Bancorp Director Sue Anne Gilroy Acquires Shares as Part of Quarterly Retainer
SEC Form 4
Sue Anne Gilroy, a director at Merchants Bancorp, acquired 407 shares of common stock as part of her quarterly retainer.
Summary
- On May 16, 2024, Sue Anne Gilroy, a director of Merchants Bancorp, acquired 407 shares of common stock.
- The shares were acquired at a price of $43.04 per share.
- This acquisition was part of her quarterly retainer for service as a director.
- Following the transaction, Gilroy beneficially owns 10,381 shares of Merchants Bancorp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of positive or negative sentiment.
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 the financial services industry.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Sue Anne Gilroy acquired 407 shares of common stock. |
| 05/17/2024 | Date of signature: Terry A. Oznick, attorney-in-fact, signed the Form 4 on behalf of Sue Anne Gilroy. |
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