Merchants Bancorp (MBIN) CEO sells 9,000 shares via family trust at $55.20
Rhea-AI Filing Summary
Merchants Bancorp Chairman and CEO Michael F. Petrie reported an indirect sale of 9,000 shares of Common Stock on 2026-07-30 at a weighted average price of $55.20 per share, from a grandchildren trust for which his spouse serves as trustee, with sale prices ranging from $55.20 to $55.23. Following the transaction, that trust held 727,013 shares. Petrie also reports 1,848,994 Common shares held directly, including 48,961 unvested restricted stock units vesting between 2027 and 2029, various additional indirect trust holdings, and 2,958 Series C Depositary Shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,000 shares
Net Sell
8 txns
Insider
Petrie Michael F.
Role
Chairman and CEO
Sold
9,000 shs ($497K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 9,000 | $55.20 | $497K |
| holding | Common Stock F2 | -- | -- | -- |
| 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 — 727,013 shares (Indirect, Spouse is Trustee of The Petrie Grandchildren Trust);
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);
Series C Depositary Shares — 2,958 shares (Direct)
Footnotes (2)
- F1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.20 to $55.23 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. 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
Shares sold: 9,000 shares
Weighted average sale price: $55.20 per share
Price range of sales: $55.20–$55.23 per share
+5 more
8 metrics
Shares sold
9,000 shares
Indirect sale of Common Stock on 2026-07-30
Weighted average sale price
$55.20 per share
Weighted average across trades ranging from $55.20 to $55.23
Price range of sales
$55.20–$55.23 per share
Range of prices for multiple sale transactions on 2026-07-30
Grandchildren trust holdings post-sale
727,013 shares
Indirect Common Stock holdings where spouse is trustee of The Petrie Grandchildren Trust
Direct Common Stock holdings
1,848,994 shares
Common Stock held directly by Michael F. Petrie after reported transactions
Unvested restricted stock units
48,961 units
Included in direct holdings; vesting 2/1/2027, 2/1/2028, and 2/1/2029
RSU vesting tranches
27,591; 14,515; 6,855 units
Vesting on 2/1/2027, 2/1/2028, and 2/1/2029 respectively
Series C Depositary Shares held
2,958 shares
Series C Depositary Shares reported as held directly
Key Terms
weighted average price, restricted stock units, irrevocable GST Trust, Depositary Shares
4 terms
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"Includes 48,961 unvested restricted stock units for which the reporting person"
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 GST Trust financial
"Spouse is Trustee of the Emily J. Petrie Irrevocable GST Trust 2010"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Merchants Bancorp (MBIN) Chairman and CEO Michael F. Petrie report selling?
Michael F. Petrie reported an indirect sale of 9,000 shares of Merchants Bancorp Common Stock on 2026-07-30. The shares were sold from a grandchildren trust for which his spouse serves as trustee, rather than from his directly held shares.
What are Michael Petrie’s reported direct Common Stock holdings in MBIN after this filing?
Petrie reports 1,848,994 shares of Merchants Bancorp Common Stock held directly. This figure includes 48,961 unvested restricted stock units, for which he does not have voting rights or receive dividends until they vest and shares are issued.
What is the vesting schedule for Michael Petrie’s MBIN restricted stock units?
The filing shows 48,961 unvested restricted stock units, vesting in three tranches: 27,591 on 2/1/2027, 14,515 on 2/1/2028, and 6,855 on 2/1/2029. Petrie lacks voting rights and dividends on these units until they vest.