Merchants Bancorp (MBIN) director now holds 26,500 shares
Rhea-AI Filing Summary
Merchants Bancorp (MBIN) director Andrew Juster received an equity grant of 328 shares of Common Stock on 2026-08-20, reported as a grant, award, or other acquisition at a reference price of $53.50 per share. This represents the equity portion of his quarterly retainer for board service. Following this award, he directly holds 26,500 shares of Common Stock, plus reported direct holdings of 20,000 Series C Depositary Shares and 12,000 Series D Depositary Shares.
Positive
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Insider Trade Summary
Net Buyer: 328 shares
Net Buy
3 txns
Insider
JUSTER ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 328 | $53.50 | $18K |
| holding | Series C Depositary Shares | -- | -- | -- |
| holding | Series D Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,500 shares (Direct);
Series C Depositary Shares — 20,000 shares (Direct);
Series D Depositary Shares — 12,000 shares (Direct)
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.
Key Figures
Common Stock grant: 328 shares
Reference price per share: $53.50
Common Stock holdings after transaction: 26,500 shares
+2 more
5 metrics
Common Stock grant
328 shares
Equity portion of quarterly retainer granted 2026-08-20
Reference price per share
$53.50
Closing price of common stock used to calculate the equity award
Common Stock holdings after transaction
26,500 shares
Directly owned by Andrew Juster following the grant
Series C Depositary Shares holdings
20,000 shares
Direct holdings reported as of 2026-08-20
Series D Depositary Shares holdings
12,000 shares
Direct holdings reported as of 2026-08-20
Key Terms
Depositary Shares, quarterly retainer, equity portion, closing price
4 terms
quarterly retainer financial
"equity portion of the Reporting Person's quarterly retainer for service"
equity portion financial
"represents the equity portion of the Reporting Person's quarterly retainer"
closing price financial
"was the closing price of one share of the Issuer's common stock"
FAQ
What transaction did MBIN director Andrew Juster report on this Form 4?
He reported an equity grant of 328 shares of Merchants Bancorp Common Stock on 2026-08-20, classified as a grant, award, or other acquisition related to his quarterly director retainer.
At what price was the Merchants Bancorp (MBIN) equity award to Andrew Juster measured?
The award was based on a reference price of $53.50 per share, which was the closing price of Merchants Bancorp common stock on the trading day immediately before the most recent scheduled quarterly board meeting.
What preferred or depositary securities of MBIN does Andrew Juster hold?
He reports direct holdings of 20,000 Series C Depositary Shares and 12,000 Series D Depositary Shares, in addition to his Merchants Bancorp common stock position.
Was Andrew Juster’s MBIN Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative 10b5-1 plan, and the footnote describes the grant as the equity portion of his quarterly director retainer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
