Eldridge Michelle Larabee 4

What Happened

• Eldridge Michelle Larabee (Director) was granted 830 shares of Mercantile Bank Corp (MBWM) on 2026-05-22. The Form 4 reports the shares acquired at a price of $0.00, for a reported acquisition value of $0. This is an award/grant (an acquisition) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-22; Filing date: 2026-05-27 (Form 4 accession 0001693172-26-000002).
• Price per share reported: $0.00; total reported value: $0.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No footnotes (e.g., 10b5-1, tax withholding) were provided in the excerpt.
• Timing: The Form 4 was filed five days after the transaction date, which is later than the typical 2-business-day reporting window for insiders.

Context

• Grants reported at $0.00 are typically compensation or director awards (restricted stock or similar), not purchases on the open market. Such awards are part of compensation and do not necessarily indicate the insider is buying or selling based on market view.
• This is not an options exercise, sale, or gift—it's a grant/acquisition of shares reported as compensation.