Form 4: Merchants Bancorp SVP, General Counsel Terry A Oznick Reports Stock Transaction

Terry A Oznick, SVP, General Counsel of Merchants Bancorp, reports the withholding of 2,785 common stock shares to cover tax obligations upon vesting of restricted stock units on February 1, 2025.

Summary

• On February 1, 2025, Terry A Oznick, SVP, General Counsel of Merchants Bancorp, had 2,785 shares of common stock withheld to cover tax obligations.
• The shares were withheld at a price of $41.93.
• Following the transaction, Oznick directly owns 29,843 shares of common stock, which includes 11,163 unvested restricted stock units.
• Oznick also directly owns 2,000 Series D Depositary Shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The vesting schedules and tax withholding practices are typical for restricted stock unit grants in the financial industry.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to tax obligations on vested stock.

Key Dates

Keywords

Form 4, Beneficial Ownership, MBIN, Merchants Bancorp, Terry A Oznick, Stock Transaction, Restricted Stock Units, Tax Withholding