Form 4: Merchants Bancorp SVP, General Counsel Terry A Oznick Reports Acquisition of Common Stock and Series D Depositary Shares

Terry A Oznick, SVP and General Counsel of Merchants Bancorp, reports the acquisition of 4,476 shares of common stock and disposition of 2,000 Series D Depositary Shares on January 28, 2025.

Summary

• On January 28, 2025, Terry A Oznick, SVP, General Counsel of Merchants Bancorp [MBIN], acquired 4,476 shares of common stock at $0.00 price.
• The transaction also involved the disposition of 2,000 Series D Depositary Shares.
• Following the reported transaction, Oznick beneficially owns 32,628 shares of common stock, which includes unvested restricted stock units.
• These restricted stock units do not grant voting rights or dividend rights until they vest.
• The vesting schedule for the restricted stock units is spread across multiple dates: February 1, 2025, February 1, 2026, February 1, 2027 and February 1, 2028.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates