Form 4: Merchants Bancorp Executive Jerry F. Koors Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jerry F. Koors, Merchants Mortgage President, reports the redemption of Series A Preferred Stock and updates to common stock holdings.
Summary
- On April 1, 2024, Jerry F. Koors, President of Merchants Mortgage, reported changes in his beneficial ownership of Merchants Bancorp securities.
- The transactions included the redemption by the issuer of 300 shares of Series A Preferred Stock at $25 per share.
- Following the reported transactions, Koors directly owns 40,459 shares of Common Stock and indirectly owns 18,007 shares through an IRA.
- He also directly owns 400 Series C Depositary Shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting transactions without expressing any particular sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction involving Series A Preferred Stock redemption and changes in common stock holdings. |
| 05/17/2024 | Date of signature for the report. |
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