Mercantile Bank director granted 1,096 shares
Mercantile Bank Corp director Michael H. Price reported a stock award of 1,096 shares of Common Stock.
Rhea-AI Filing Summary
Mercantile Bank Corp director Michael H. Price reported a stock award of 1,096 shares of Common Stock. The shares were acquired at a reported price of $0.00 per share as a grant or other acquisition, bringing his direct holdings to 12,994 shares.
Price also reports indirect ownership of 19,909 shares in a 401(k) plan and 14,842 shares in an IRA. A footnote states that these indirect totals include shares acquired since the last ownership report through reinvested cash dividends under Mercantile Bank’s dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,096 shares
Grant/Award
3 txns
Insider
PRICE MICHAEL H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,096 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,994 shares (Direct);
Common Stock — 14,842 shares (Indirect, IRA);
Common Stock — 19,909 shares (Indirect, In 401(k) plan)
Footnotes (1)
- F1. Includes shares acquired since last report of common stock ownership by reinvesting cash dividends under the Issuer's dividend reinvestment plan.
Key Figures
Stock award: 1,096 shares
Direct holdings after award: 12,994 shares
401(k) indirect holdings: 19,909 shares
+1 more
4 metrics
Stock award
1,096 shares
Grant, award, or other acquisition at $0.00 per share
Direct holdings after award
12,994 shares
Common Stock directly owned following the grant
401(k) indirect holdings
19,909 shares
Common Stock held indirectly in 401(k) plan
IRA indirect holdings
14,842 shares
Common Stock held indirectly in IRA
Key Terms
Grant, award, or other acquisition, dividend reinvestment plan, 401(k) plan, IRA
4 terms
Grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
dividend reinvestment plan financial
"shares acquired since last report by reinvesting cash dividends under the Issuer's dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
401(k) plan financial
"nature_of_ownership: In 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
IRA financial
"nature_of_ownership: IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Mercantile Bank (MBWM) director Michael H. Price report on this Form 4?
Director Michael H. Price reported receiving a grant of 1,096 shares of Mercantile Bank Common Stock. This is a compensation-related acquisition, not an open-market purchase, and updates his reported ownership in both direct and indirect accounts.
What are Michael H. Price’s direct Mercantile Bank (MBWM) holdings after this Form 4?
After the award, Michael H. Price directly holds 12,994 shares of Mercantile Bank Common Stock. This total reflects the newly granted 1,096 shares and represents his direct ownership separate from retirement and other indirect accounts.
What indirect Mercantile Bank (MBWM) holdings does Michael H. Price report?
Price reports 19,909 shares held indirectly in a 401(k) plan and 14,842 shares held indirectly in an IRA. These positions are categorized as indirect ownership and are separate from his directly held Mercantile Bank shares.
Was Michael H. Price’s latest Mercantile Bank (MBWM) transaction an open-market buy or sell?
No. The Form 4 shows a transaction coded “A,” described as a grant, award, or other acquisition at $0.00 per share. This indicates a compensation-based share award rather than an open-market purchase or sale of Mercantile Bank stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
