Director at Mercantile Bank (MBWM) awarded 830 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mercantile Bank Corp director Michelle Larabee reported an equity grant of company stock. She acquired 830 shares of Common Stock as a grant or award at a stated price of $0.0000 per share, increasing her direct holdings to 12,670 shares after the transaction on May 22, 2026. She also reported 6,750 shares held indirectly through an IRA, which reflects a separate ownership line rather than a new purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Eldridge Michelle Larabee
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 830 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,670 shares (Direct);
Common Stock — 6,750 shares (Indirect, IRA)
Footnotes (1)
Key Figures
Stock grant: 830 shares
Grant price: $0.0000 per share
Direct holdings after grant: 12,670 shares
+2 more
5 metrics
Stock grant
830 shares
Common Stock grant on May 22, 2026
Grant price
$0.0000 per share
Reported price for 830-share award
Direct holdings after grant
12,670 shares
Common Stock directly owned post-transaction
Indirect IRA holdings
6,750 shares
Common Stock held indirectly via IRA
Net buy/sell activity
0 shares
transactionSummary netBuySellShares neutral
Key Terms
Common Stock, Grant, award, or other acquisition, IRA, indirect ownership
4 terms
Common Stock financial
"She acquired 830 shares of Common Stock as a grant or award"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
IRA financial
"She also reported 6,750 shares held indirectly through an 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.
indirect ownership financial
"The filing also shows 6,750 additional shares held indirectly through an IRA account"
FAQ
What did Mercantile Bank Corp (MBWM) director Michelle Larabee report in this Form 4?
She reported receiving 830 shares of Mercantile Bank Corp Common Stock as a grant or award. This non-cash acquisition increased her directly held shares to 12,670 following the transaction dated May 22, 2026.
What is the nature of Michelle Larabee’s indirect holdings in Mercantile Bank Corp (MBWM)?
Her indirect ownership consists of 6,750 Mercantile Bank Corp Common Stock shares held in an IRA. The Form 4 categorizes this position as indirect ownership, separate from her directly held 12,670 shares after the reported grant.
Does this Mercantile Bank Corp Form 4 show any stock sales by Michelle Larabee?
The Form 4 does not report any sales; it shows an acquisition of 830 shares as a grant and an IRA holding entry. Transaction summaries list no buy or sell shares, with net buy-sell activity described as neutral.