Catchings Tamika 4

What Happened

• Tamika Catchings, a director of Merchants Bancorp (ticker: MBIN), was granted 377 shares as an equity award on February 19, 2026. The award was recorded at $46.45 per share, for a total value of $17,512 (transaction code A — award/grant). This is a compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-19; price used: $46.45 per share
• Shares awarded: 377; total reported value: $17,512
• Shares owned after the transaction: not disclosed in the provided filing
• Footnote: the shares represent the equity portion of her quarterly director retainer. The number of shares was calculated by dividing the dollar value of the equity retainer by the closing share price on the day before the most recent scheduled quarterly board meeting, then rounding up to the next whole share.
• Filing status: Form 4 filed on 2026-02-19 (same date as the transaction), indicating a timely report

Context

• This was a routine compensation grant to a board member for service (equity retainer). Such awards are standard and reflect compensation policy rather than a direct buy/sell signal about the executive’s market view.