Reitsma Raymond E. 4
4 · MERCANTILE BANK CORP · Filed Jan 3, 2022
Insider Transaction Report
Form 4
Reitsma Raymond E.
DirectorPresident and CEO
Transactions
- Award
Common Stock
2021-12-30+5,339→ 38,352 total - Award
Common Stock
2021-12-30+2,757→ 41,109 total - Award
Common Stock
2021-12-30+4,861→ 33,013 total
Holdings
- 21,940(indirect: By 401(k))
Common Stock
- 500
Employee Stock Option (right to buy)
Exercise: $36.22From: 2018-11-17Exp: 2026-11-17→ Common Stock (500 underlying)
Footnotes (3)
- [F1]These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2018 performance grants based upon an evaluation of performance metrics conducted at December 29, 2021.
- [F2]These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2019 performance grants based upon an evaluation of performance metrics conducted at December 29, 2021.
- [F3]These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2020 performance grants based upon an evaluation of performance metrics conducted at December 29, 2021.