MBIN.NASDAQMerchants Bancorp

Form 4: Merchants Bancorp Executive Michael Dunlap Reports Stock Transaction

Sentiment:

SEC Form 4 Filing

📋All filings for Merchants Bancorp
🔒Login to Follow

Michael J. Dunlap, President and COO of Merchants Bancorp, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.

Summary

  • On February 1, 2025, Michael J. Dunlap, President and COO of Merchants Bancorp, disposed of 9,557 shares of common stock to cover tax withholding obligations.
  • The transaction was executed at a price of $41.93 per share.
  • Following the transaction, Dunlap beneficially owns 195,911 shares of Merchants Bancorp.
  • This total includes 50,744 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

DateDescription
02/01/2025Date of stock transaction (disposal of shares).
02/01/2026Vesting date for 25,413 restricted stock units.
02/01/2027Vesting date for 18,477 restricted stock units.
02/01/2028Vesting date for 6,854 restricted stock units.
02/04/2025Date of signature on the Form 4 filing.

Keywords

Merchants Bancorp, MBIN, Michael Dunlap, Stock Transaction, Form 4, Beneficial Ownership, Restricted Stock Units, Tax Withholding

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.