Form 4: Merchants Bancorp Director Thomas Dinwiddie Acquires Shares as Part of Quarterly Retainer

Director Thomas Dinwiddie acquired 407 shares of Merchants Bancorp common stock as part of his quarterly retainer.

Summary

• On May 16, 2024, Thomas Dinwiddie, a director of Merchants Bancorp, acquired 407 shares of common stock.
• The shares were acquired as part of his quarterly retainer for service as a director.
• The price per share was $43.04.
• Following the transaction, Dinwiddie beneficially owns 19,082 shares of Merchants Bancorp.
• The equity portion of the retainer was divided by the closing price of the Issuer's common stock on the day immediately prior to the most recent scheduled quarterly board meeting to determine the number of shares awarded.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. It's neither significantly positive nor negative.

Positives

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

Industry Context

Director share acquisitions are common and often viewed positively as they align the director's interests with those of the shareholders. This is a routine transaction related to director compensation.

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