Merchants Bancorp Chairman and CEO Michael F. Petrie reported an award of 20,565 shares of common stock on January 27, 2026, at a price of $0.00 per share. Following this award, he directly beneficially owns 1,939,993 common shares.
This direct holding total includes 78,768 unvested restricted stock units, which carry no voting rights or dividends until they vest and shares are issued. The restricted units are scheduled to vest in tranches on February 1, 2026, February 1, 2027, February 1, 2028, and February 1, 2029. Petrie also reports additional indirect ownership through his spouse and several family trusts, as well as 57,772 Series C Depositary Shares held directly.
Merchants Bancorp SVP and General Counsel Terry A. Oznick reported receiving 4,216 shares of Merchants Bancorp common stock on January 27, 2026 at a price of $0.00 per share, increasing his directly held common stock to 34,059 shares.
The 4,216 shares are unvested restricted stock units, and Oznick does not have voting rights or receive dividends on these units until they vest and shares are issued. His total common stock holdings include 15,379 unvested restricted stock units, scheduled to vest in tranches on February 1 of 2026, 2027, 2028, and 2029. He also directly holds 2,000 Series D Depositary Shares.
Merchants Bancorp chief financial officer Sean A. Sievers reported receiving 6,427 shares of common stock on January 27, 2026 at a stated price of $0.00 per share. Following this award, he directly beneficially owns 14,634 common shares and 3,000 Series D Depositary Shares.
The reported holdings include 8,688 unvested restricted stock units. These units carry no voting rights or dividends until they vest and shares are issued, with scheduled vesting of 753 units on February 1, 2026, 2,896 on February 1, 2027, 2,896 on February 1, 2028, and 2,143 on February 1, 2029.
Merchants Bancorp filed a current report stating that it issued a press release with its financial results for the fourth quarter and full fiscal year of 2025. The company furnished this earnings press release as Exhibit 99.1, making the detailed quarterly and annual information available by reference.