Merchants Bancorp CEO sells 4,455 depositary shares
Merchants Bancorp Chairman and CEO Michael F. Petrie reported an open-market sale of 4,455 Series C Depositary Shares at $20.20 per share on February 10, 2026, leaving 18,808 Series C Depositary Shares held directly.
Rhea-AI Filing Summary
Merchants Bancorp Chairman and CEO Michael F. Petrie reported an open-market sale of 4,455 Series C Depositary Shares at $20.20 per share on February 10, 2026, leaving 18,808 Series C Depositary Shares held directly.
Following this transaction, he directly holds 1,930,308 shares of Merchants Bancorp common stock, which includes 48,961 unvested restricted stock units scheduled to vest between February 2027 and February 2029. He also reports substantial indirect ownership through his spouse and several family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,455 shares
Net Sell
8 txns
Insider
Petrie Michael F.
Role
Chairman and CEO
Sold
4,455 shs ($90K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series C Depositary Shares | 4,455 | $20.20 | $90K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series C Depositary Shares — 18,808 shares (Direct);
Common Stock — 1,930,308 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 — 724,729 shares (Indirect, Spouse is Trustee of The Petrie Grandchildren Trust)
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.
FAQ
What insider transaction did Merchants Bancorp (MBIN) report for Michael F. Petrie?
Merchants Bancorp reported that Michael F. Petrie sold 4,455 Series C Depositary Shares in an open-market transaction at $20.20 per share. After the sale, he continued to hold 18,808 Series C Depositary Shares directly, according to the Form 4 filing.
What is Michael F. Petrie’s direct common stock ownership in Merchants Bancorp (MBIN)?
Michael F. Petrie reports direct ownership of 1,930,308 shares of Merchants Bancorp common stock. This amount includes 48,961 unvested restricted stock units that will deliver shares only when they vest and are issued over the 2027–2029 period.
How are Michael F. Petrie’s unvested restricted stock units in Merchants Bancorp (MBIN) structured?
He has 48,961 unvested restricted stock units without voting rights or dividends until vesting and share issuance. Vesting is scheduled as 27,591 units on February 1, 2027, 14,515 units on February 1, 2028, and 6,855 units on February 1, 2029.
What indirect Merchants Bancorp (MBIN) holdings are associated with Michael F. Petrie?
Indirect common stock holdings are reported through his spouse and family trusts, including shares held "By Spouse" and in several Emily J. Petrie, Julia L. Petrie, and Petrie Grandchildren trusts. These positions are listed as indirect beneficial ownership in the Form 4.
What roles does Michael F. Petrie hold at Merchants Bancorp (MBIN)?
Michael F. Petrie is identified as a director, Chairman, CEO, and a more-than-10% owner of Merchants Bancorp. These roles are disclosed in the Form 4, indicating both leadership responsibilities and significant equity ownership in the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
