Crawford Thomas D. 4
Research Summary
AI-generated summary
RMBI Director Thomas D. Crawford Receives 23,776 Shares
What Happened
- Thomas D. Crawford, a director of Richmond Mutual Bancorporation, Inc. (RMBI), acquired 23,776 shares of RMBI common stock on July 1, 2026. Price per share and total dollar value are reported as N/A. This was not an open‑market purchase or sale but an acquisition of shares in connection with the merger with The Farmers Bancorp.
Key Details
- Transaction date: 2026-07-01 (reported on Form 4 filed 2026-07-06).
- Transaction type/code: A — Award/Grant/Other acquisition (conversion in merger).
- Shares acquired: 23,776 RMBI common shares; cash paid by the reporting person: none.
- Exchange terms: Each Farmers Bancorp share converted into 3.40 RMBI shares — the 23,776 RMBI shares imply approximately 6,993 Farmers shares were exchanged.
- Shares owned after transaction: not specified in the provided filing.
- Filing timeliness: Form 4 was filed five days after the transaction date; Form 4s are typically due within two business days, so this filing appears later than the standard window.
Context
- These shares were received solely as part of the merger conversion of Farmers stock into RMBI stock, not as a purchase or sale indicating market sentiment. For investors, merger-driven share conversions are administrative and do not necessarily reflect the insider’s view on the company’s near‑term prospects.