Augustyn Mark S 4

What Happened

• Mark S. Augustyn, EVP & Chief Commercial Banking Officer of Mercantile Bank Corp (MBWM), had multiple equity transactions: he received two restricted stock awards totaling 4,312 shares on 2026-02-05 (no cash cost), gifted 2,022 shares on 2025-12-12 (no cash proceeds), and had 1,461 shares disposed on 2025-12-19 to cover tax liability at $49.45 per share (total ~ $72,246).
• The acquisitions are grants/awards (A) of restricted stock (no purchase price). The disposals were a gift (G, $0) and a tax-withholding/tax-payment disposition (F) reported at market value.

Key Details

• Transaction dates and amounts:
  • 2025-12-12: Gifted 2,022 shares (code G) — $0 proceeds.
  • 2025-12-19: 1,461 shares disposed to cover tax liability (code F) at $49.45/share = $72,246.
  • 2026-02-05: Two awards granted — 2,875 shares and 1,437 shares (total 4,312 shares; code A) at $0.
• Footnote: The awards are performance-based restricted stock and may be forfeited if performance metrics are not met.
• Shares owned after these transactions: not specified in the provided filing excerpt.
• Filing date: reported on SEC accession 2026-02-09 covering transactions from Dec 2025–Feb 2026; no late-filing flag was provided in the summary materials.

Context

• Grants/awards (A) are compensation and do not reflect an open-market purchase; they are common for executive pay. Performance-based RSUs can be forfeited if targets are missed, per the footnote.
• Gifts (G) do not indicate insider sentiment about the stock price. The F-code disposal is a routine tax-withholding/payment rather than an investment sale.