Dinwiddie Thomas 4
4 · Merchants Bancorp · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Merchants Bancorp (MBIN) Director Thomas Receives 381-Share Award
What Happened
Director Dinwiddie Thomas received an equity award of 381 shares of Merchants Bancorp (MBIN) common stock on 2026-05-21. The shares were valued at $46.03 each (the prior trading-day close), for a total grant value of $17,537. This was an awarded grant (transaction code A), part of routine director compensation rather than an open‑market purchase.
Key Details
- Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filing appears timely given the May 25 federal holiday).
- Shares awarded: 381 at $46.03 per share; total value shown: $17,537.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote: award equals the equity portion of the director's quarterly retainer. The number of shares was computed by dividing the dollar retainer by the prior trading-day closing price and rounding up to the next whole share.
- Transaction code: A = Award/Grant (equity compensation, not a market buy).
Context
Equity awards to directors are common and reflect compensation practices rather than a direct buy/sell signal. Purchases by insiders can be interpreted as more informative about personal conviction; awards typically reflect contractual compensation terms. This filing documents the routine issuance of shares as part of Thomas’s board retainer.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-21$46.03/sh+381$17,537→ 22,766 total
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.