Mercantile Bank director awarded 753 MBWM shares
Mercantile Bank Corp director Michael S. Davenport reported a stock award and updated holdings.
Rhea-AI Filing Summary
Mercantile Bank Corp director Michael S. Davenport reported a stock award and updated holdings. On 2026-05-22, he received a grant of 753 shares of Common Stock at $0.00 per share as a compensation-related award, bringing his direct ownership to 9,594 shares.
He also reported indirect ownership of 1,800 Common Stock shares held in an IRA. A footnote states this indirect position includes shares acquired since his last ownership report through reinvested cash dividends under the company’s dividend reinvestment plan. The filing reflects routine equity compensation and ongoing dividend reinvestment rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 753 shares
Grant/Award
2 txns
Insider
Davenport Michael S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 753 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,594 shares (Direct);
Common Stock — 1,800 shares (Indirect, IRA)
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: 753 shares
Award price: $0.00 per share
Direct holdings after award: 9,594 shares
+2 more
5 metrics
Stock award
753 shares
Grant/award of Common Stock on 2026-05-22
Award price
$0.00 per share
Price for 753-share grant/award
Direct holdings after award
9,594 shares
Direct Common Stock owned following transaction
Indirect IRA holdings
1,800 shares
Common Stock held indirectly in IRA, including dividend reinvestment
Award transaction code
Code A
Grant, award, or other acquisition of Common Stock
Key Terms
dividend reinvestment plan, Common Stock, grant/award acquisition, indirect, +1 more
5 terms
dividend reinvestment plan financial
"Includes 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.
Common Stock financial
"security_title": "Common Stock""
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 acquisition financial
"transaction_action": "grant/award acquisition""
indirect financial
""ownership_type": "indirect""
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 Michael S. Davenport report in this Form 4 for MBWM?
He reported receiving a grant of 753 shares of Mercantile Bank Corp Common Stock as a compensation-related award and updated his indirect IRA holdings, which include shares from the dividend reinvestment plan.
What indirect MBWM holdings does Davenport report in his IRA?
He reports 1,800 shares of Mercantile Bank Corp Common Stock held indirectly through an IRA. A footnote explains this balance includes shares accumulated by reinvesting cash dividends under the company’s dividend reinvestment plan.
Was Davenport’s MBWM stock transaction an open-market purchase or sale?
No, the Form 4 shows a grant or award acquisition of 753 shares at a price of $0.00 per share, not an open-market trade. It represents equity compensation rather than discretionary buying or selling in the market.
What is the significance of the dividend reinvestment plan mentioned for MBWM?
The footnote states his IRA position includes shares acquired by reinvesting cash dividends under Mercantile Bank’s dividend reinvestment plan. This indicates part of the indirect holdings grew automatically through dividend reinvestment since his last ownership report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
