Mercantile Bank (MBWM) Director Richard D. MacDonald Receives 715-Share Award

What Happened

• Richard D. MacDonald, a director of Mercantile Bank Corp (MBWM), was granted/received 715 shares on May 22, 2026. The Form 4 reports an acquisition code "A" with a $0.00 per-share price (total reported cost $0.00), indicating an award/grant rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-05-22; 715 shares at $0.00 per share (acquisition code A).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes/plan info: No footnotes or 10b5-1/withholding details listed in the supplied summary.
• Filing timeliness: Form 4 was filed on 2026-05-27 — five days after the transaction date, which appears to be later than the typical 2-business-day reporting window.

Context

• Awards/grants (code A) are commonly part of compensation plans (e.g., restricted stock or similar) and do not necessarily indicate an immediate market purchase or sale by the insider. The $0.00 price here reflects that the insider did not pay cash for the shares as reported on the Form 4.