Form 4: Merchants Bancorp Executive Susan Kucer Disposes of Series A Preferred Stock in Redemption by Issuer

Susan Kucer, Indianapolis Market President of Merchants Bancorp, reports the redemption by the issuer of all her Series A preferred stock and continued ownership of common stock and Series C Depositary Shares.

Summary

• On April 1, 2024, Susan Kucer, Indianapolis Market President of Merchants Bancorp, disposed of 8,000 shares of Series A Preferred Stock.
• The disposal was due to a redemption by the issuer at a price of $25 per share.
• Following the transaction, Kucer directly owns 46,074 shares of Common Stock and 8,000 Series C Depositary Shares.
• The Common Stock holdings include 13,668 unvested restricted stock units that will vest on 2/1/2025 (6,981 shares), 2/1/2026 (4,144 shares), and 2/1/2027 (2,543 shares).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a standard transaction (redemption of preferred stock). There is no inherent positive or negative sentiment associated with the information disclosed.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of company executives. Redemptions of preferred stock are not uncommon and can be part of a company's capital management strategy.

Stakeholder Impact

• The redemption of Series A preferred stock may have a minor impact on shareholders, depending on the terms of the preferred stock and the company's overall capital structure.

Key Dates