Catchings Tamika 4

What Happened
Tamika Catchings, a director of Merchants Bancorp (MBIN), was granted 381 shares as an equity award on May 21, 2026. The award was recorded at a per-share value of $46.03, for a total equity value of $17,537. This was an issuance/award (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Price used: $46.03 per share.
• Shares granted/acquired: 381 shares; aggregate value reported: $17,537.
• Shares owned after transaction: not specified in the filing.
• Footnote: The award represents the equity portion of Catchings’ quarterly director retainer. The share count was calculated by dividing the dollar value of the equity retainer by the closing stock price on the day before the most recent scheduled quarterly board meeting and rounding up.
• Filing timing: Report filed 2026-05-26. Form 4s are generally due within two business days of the transaction, so this filing appears to have been submitted after that typical window.

Context
Director stock grants are routine compensation and do not necessarily signal the director’s market view. Awards like this are common as part of retainer arrangements; purchases or open-market insider buys are often seen as a stronger signal of personal conviction.