Merchants Bancorp CEO gifts 16,000 common shares
Merchants Bancorp Chairman and CEO Michael F. Petrie reported an updated ownership position after making a bona fide gift of 16,000 shares of common stock at $0.00 per share.
Rhea-AI Filing Summary
Merchants Bancorp Chairman and CEO Michael F. Petrie reported an updated ownership position after making a bona fide gift of 16,000 shares of common stock at $0.00 per share. Following the gift, he directly holds 1,848,994 common shares.
The filing also lists substantial indirect common stock holdings through trusts and his spouse, including separate positions such as 2,611,424 shares held in the Emily J. Petrie Irrevocable Trust – 2010 and other family trusts, plus 2,958 Series C Depositary Shares held directly. A footnote notes 48,961 unvested restricted stock units that vest in stages from February 1, 2027 through February 1, 2029, for which he does not yet have voting rights or receive dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,000 shares gifted
Gift
8 txns
Insider
Petrie Michael F.
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 16,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series C Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,848,994 shares (Direct);
Common Stock — 2,111,868 shares (Indirect, By Spouse);
Common Stock — 1,425,000 shares (Indirect, Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010);
Common Stock — 2,611,424 shares (Indirect, Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010);
Common Stock — 1,425,000 shares (Indirect, Spouse is Trustee of the Julia L. Petrie Irrevocable GST Trust 2010);
Common Stock — 2,410,152 shares (Indirect, Spouse is Trustee of the Julia L. Petrie Irrevocable Trust - 2010);
Common Stock — 736,013 shares (Indirect, Spouse is Trustee of The Petrie Grandchildren Trust);
Series C Depositary Shares — 2,958 shares (Direct)
Footnotes (1)
- F1. Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights or receive dividends until vested and shares are issued: 27,591 vesting 2/1/2027; 14,515 vesting 2/1/2028; and 6,855 vesting 2/1/2029.
Key Figures
Gifted common shares: 16,000 shares
Direct common shares after gift: 1,848,994 shares
Emily J. Petrie Irrevocable Trust – 2010: 2,611,424 shares
+3 more
6 metrics
Gifted common shares
16,000 shares
Bona fide gift of common stock at $0.00 per share
Direct common shares after gift
1,848,994 shares
Direct MBIN common stock holdings following the gift
Emily J. Petrie Irrevocable Trust – 2010
2,611,424 shares
Indirect MBIN common stock held where spouse is trustee
Series C Depositary Shares
2,958 shares
Direct holdings of Series C Depositary Shares
Unvested RSUs
48,961 units
Restricted stock units vesting 2/1/2027, 2/1/2028, 2/1/2029
Gift transaction date
May 15, 2026
Date of bona fide gift of 16,000 common shares
Key Terms
bona fide gift, restricted stock units, Series C Depositary Shares, irrevocable trust, +1 more
5 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock units financial
"Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
irrevocable trust financial
"Spouse is Trustee of the Emily J. Petrie Irrevocable Trust - 2010"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
unvested financial
"Includes 48,961 unvested restricted stock units for which the reporting person does not have voting rights"
FAQ
What insider transaction did MBIN Chairman Michael F. Petrie report?
Michael F. Petrie reported a bona fide gift of 16,000 Merchants Bancorp common shares at $0.00 per share. The Form 4 also updates his direct and indirect ownership positions across several trusts and family-related holdings.
Does Michael F. Petrie have unvested MBIN restricted stock units outstanding?
Yes. A footnote states Petrie has 48,961 unvested restricted stock units. These vest in tranches on February 1, 2027, February 1, 2028, and February 1, 2029, and he lacks voting rights or dividends until vesting and share issuance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
