Merchants Bancorp director gets 377-share stock award
Catchings Tamika reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Catchings Tamika reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Tamika Catchings received a grant of 377 shares of common stock at $46.45 per share as the equity portion of her quarterly board retainer. Following this award, she directly owns 7,385 common shares, plus direct holdings of 100 Series D and 100 Series E depositary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 377 shares
Grant/Award
3 txns
Insider
Catchings Tamika
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 377 | $46.45 | $18K |
| holding | Series D Depositary Shares | -- | -- | -- |
| holding | Series E Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,385 shares (Direct);
Series D Depositary Shares — 100 shares (Direct);
Series E Depositary Shares — 100 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.
FAQ
What insider transaction did Merchants Bancorp (MBIN) report for Tamika Catchings?
Merchants Bancorp reported that director Tamika Catchings received a grant of 377 shares of common stock as part of her quarterly board retainer. This was recorded as an equity award, not an open-market purchase or sale.
At what price was Tamika Catchings’ Merchants Bancorp (MBIN) equity award calculated?
The 377-share equity award for Tamika Catchings was calculated using a price of $46.45 per share. This price reflected the closing price of Merchants Bancorp common stock on the trading day before the most recent scheduled quarterly board meeting.
What does the Form 4 say about Tamika Catchings’ director compensation at Merchants Bancorp (MBIN)?
The Form 4 explains that the 377-share grant represents the equity portion of Tamika Catchings’ quarterly retainer for serving as a director. The number of shares is based on a fixed dollar value divided by the specified stock price, then rounded up.
Was Tamika Catchings’ Merchants Bancorp (MBIN) transaction a market buy or sell?
The transaction was reported as a grant or award acquisition, not a market buy or sell. It reflects shares granted as part of her quarterly director retainer, rather than shares purchased or sold in open-market trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
