O'Brien Patrick D. 4
4 · Merchants Bancorp · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Merchants Bancorp (MBIN) Director Patrick O'Brien Receives Award
What Happened
- Patrick D. O'Brien, a director of Merchants Bancorp (MBIN), was awarded 377 shares on 2026-02-19. The shares were granted as an equity portion of his quarterly director retainer and are reported as an acquisition (code A) at $46.45 per share, with a total reported value of $17,512.
Key Details
- Transaction date: 2026-02-19; Transaction code: A (grant/award/acquisition).
- Price per share reported: $46.45; Total value: $17,512 (377 shares).
- Shares owned after transaction: not disclosed in the filing.
- Footnote: the award equals the equity portion of the quarterly director retainer; the number of shares was calculated by dividing the retainer dollar amount by the prior trading day's closing stock price and rounding up to the next whole share.
- Filing timeliness: report dated and filed 2026-02-19 (no late filing indicated).
Context
- This is a compensation-related award (routine director retainer), not an open-market purchase or sale; such grants are common and reflect compensation, not a direct market sentiment signal.
Insider Transaction Report
Form 4
O'Brien Patrick D.
Director
Transactions
- Award
Common Stock
[F1]2026-02-19$46.45/sh+377$17,512→ 119,340 total
Holdings
- 43,700
Series C Depositary Shares
- 40,000(indirect: by O'Brien Motors, Inc.)
Series C Depositary Shares
- 40,000
Series D Depositary Shares
- 40,000
Series E Depositary Shares
- 40,000(indirect: by O'Brien Motors, Inc.)
Series E Depositary Shares
Footnotes (1)
- [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.
Signature
/s/ Terry A. Oznick, attorney-in-fact|2026-02-19