Koors Jerry F. 4

What Happened Jerry F. Koors, President of Merchants Mortgage at Merchants Bancorp (MBIN), was granted 5,553 restricted stock units (RSUs) on 2026-01-27. The Form 4 shows an acquisition amount of 5,553 shares at $0.00 (a standard RSU grant; no cash was paid). The filing also notes a larger balance of unvested RSUs (18,046) with a scheduled vesting plan.

Key Details

• Transaction date and price: 2026-01-27; 5,553 RSUs granted at $0.00 per share (award/grant, code A).
• Filing date: 2026-01-29 — filed two days after the transaction (appears timely).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • F1: These are unvested restricted stock units — no voting rights or dividends until vesting.
  • F2: Includes 18,046 unvested RSUs broken down as: 6,201 vesting 2/1/2026; 6,450 vesting 2/1/2027; 3,544 vesting 2/1/2028; 1,851 vesting 2/1/2029.

Context This was an equity award (RSUs), not a cash purchase or sale. RSU grants are compensation and typically vest over time; they do not convey voting rights or dividends until shares are issued upon vesting. The $0.00 acquisition price on the Form 4 reflects that this was a grant rather than a market purchase.