JUSTER ANDREW 4
4 · Merchants Bancorp · Filed May 20, 2024
Insider Transaction Report
Form 4
JUSTER ANDREW
Director
Transactions
- Disposition to Issuer
Series A Preferred Stock
2024-04-01$25.00/sh−8,000$200,000→ 0 total - Award
Common Stock
2024-05-16$43.04/sh+407$17,517→ 22,488 total
Holdings
- 20,000
Series C Depositary Shares
- 12,000
Series D Depositary Shares
Footnotes (2)
- [F1]This award represents the equity portion of the Reporting Person's quarterly retainer for service as a director of the Issuer. The number of shares awarded was determined by dividing the dollar value of the equity portion by the price shown, which was the closing price of one share of the Issuer's common stock on the day immediately prior to the most recent scheduled quarterly board meeting, and rounding up to the next whole share.
- [F2]Redemption by the issuer of all outstanding shares of Series A preferred stock at the liquidation preference prescribed by the issuer's Articles.