Reitsma Raymond E. 4
4 · MERCANTILE BANK CORP · Filed Dec 30, 2022
Insider Transaction Report
Form 4
Reitsma Raymond E.
DirectorPresident and CEO
Transactions
- Award
Common Stock
2022-12-28+753→ 47,435 total - Award
Common Stock
2022-12-28+180→ 46,682 total - Award
Common Stock
2022-12-28+3,168→ 50,603 total
Holdings
- 20,546(indirect: By 401(k))
Common Stock
- 2,153(indirect: By IRA)
Common Stock
- 500
Employee Stock Option (right to buy)
Exercise: $36.22From: 2018-11-17Exp: 2026-11-17→ Common Stock (500 underlying)
Footnotes (4)
- [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 2019 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
- [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 2020 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
- [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 2021 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
- [F4]Includes shares acquired pursuant to the issuer's 401(k) Plan since last report of common stock ownership.