Every Form 4 that Mercantile Bank Corp (MBWM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow MBWM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MBWM filings page.
Schweihofer Steven reported acquisition or exercise transactions in this Form 4 filing.
MERCANTILE BANK CORP director Steven Schweihofer received a stock award of 715 shares of Common Stock. The shares were granted at no cash cost to him and increased his direct holdings to 6,317 shares following the transaction on May 22, 2026. This appears to be routine equity-based compensation.
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.
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.
Schmidt Sara A reported acquisition or exercise transactions in this Form 4 filing.
Mercantile Bank Corp director Sara A. Schmidt received a grant of 715 shares of Common Stock on May 22, 2026. The shares were awarded at no cost per share and increased her directly held position to 1,684 shares. This appears to be a compensation-related equity award rather than an open-market purchase.
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.
MERCANTILE BANK CORP director Joseph D. Jones received a grant of 715 shares of Common Stock. The shares were awarded on May 22, 2026 at a reported price of $0.00 per share, reflecting a compensation-related stock award rather than a market purchase.
Following this grant, Jones directly holds 6,506 shares of Mercantile Bank Corp common stock. The filing shows only this single acquisition transaction and no sales or derivative exercises.
MERCANTILE BANK CORP director Nelson F. Sanchez reported changes in his common stock holdings. On 2026-05-22, he received a grant or award of 715 shares of common stock at $0.00 per share, increasing his direct ownership to 3,899 shares.
The filing also reports 3,502 shares held indirectly through an IRA, reflecting shares acquired since the last ownership report by reinvesting cash dividends under the company’s dividend reinvestment plan. These entries show both compensation-related shares and ongoing accumulation through reinvested dividends.
RAMAKER DAVID B reported acquisition or exercise transactions in this Form 4 filing.
Mercantile Bank Corp director David B. Ramaker received a grant of 801 shares of Common Stock as compensation. The shares were awarded on May 22, 2026 at a stated price of $0.00 per share. Following this award, he directly holds 15,815 Common Stock shares.
MacDonald Richard D reported acquisition or exercise transactions in this Form 4 filing.
MERCANTILE BANK CORP director Richard D. MacDonald received a grant of 715 shares of Common Stock on May 22, 2026. The shares were awarded at a price of $0.00 per share, indicating a compensation-related grant rather than an open-market purchase. Following this award, he directly holds 3,289 shares of the company’s common stock. This is a routine equity compensation transaction and not a market trade.
MERCANTILE BANK CORP director Shoran R. Williams received a stock grant. On May 22, 2026, Williams acquired 715 shares of Mercantile Bank Corp common stock at a stated price of $0.00 per share, recorded as a grant or award rather than an open-market purchase.
After this compensation-related award, Williams directly holds 5,981 common shares. The filing does not show any sales or option exercises, only this non-cash share acquisition that increases the director’s equity stake.
Mercantile Bank Corp director Amy L. Sparks received 906 shares of Common Stock as a grant or award. The shares were acquired at no stated price on May 22, 2026, bringing her direct holdings to 6,489 shares. A footnote explains that this total includes shares accumulated by reinvesting cash dividends under a dividend reinvestment plan, indicating a mix of compensation-related awards and automatic reinvestments rather than open-market purchases.
Mercantile Bank Corp EVP & CFO Charles E. Christmas reported both an equity award and a related tax-withholding share disposition in common stock. On February 15, 2026, he acquired 1,326 fully-vested shares at no cost as an award for exceeding performance metrics under a December 15, 2022 performance-based restricted stock agreement.
On February 17, 2026, he disposed of 3,021 shares of common stock at $54.2353 per share in a tax-withholding transaction used to satisfy liabilities by delivering shares, rather than an open-market sale. After these transactions, he directly owns 70,527 shares of common stock and has additional indirect holdings of 50,392 shares in his 401(k) plan, 510 shares in his spouse's IRA, and 2,071 shares in his spouse's 401(k) plan.
Mercantile Bank Corp President and CEO Raymond E. Reitsma reported equity-related transactions in company common stock. On February 15, 2026, he acquired 1,808 shares as a fully vested award, granted at $0.00 per share for exceeding performance metrics under a December 15, 2022 performance-based restricted stock award agreement. On February 17, 2026, 4,040 shares were disposed of at an average price of $54.2353 per share to satisfy tax withholding obligations, rather than through an open-market sale. Following these transactions, he directly owned 64,270 common shares, with additional indirect holdings reported in a 401(k) plan and an IRA.
Mercantile Bank Corp President and CEO Raymond E. Reitsma reported stock awards that increased his holdings. On February 5, 2026, he acquired 7,559 shares of common stock under a performance-based restricted stock award that may be forfeited if performance metrics are not met, plus an additional 3,779 shares, both at $0 per share. Following these awards, he directly owned 66,502 common shares, with another 23,115 shares held in a 401(k) plan and 2,153 shares in an IRA.
Mercantile Bank Corporation executive Brett Hoover, EVP & Chief HR Officer, reported multiple common stock transactions. On December 19, 2025, he disposed of 950 shares at $49.45 per share, leaving 15,688 shares directly held, which include shares acquired through the dividend reinvestment plan.
On February 5, 2026, Hoover received two stock awards: 1,888 restricted shares under a performance-based agreement, which may be forfeited if specified performance metrics are not met, and an additional 944 shares, both at a reported price of $0. After these awards, he directly owned 18,520 common shares, plus an indirect holding of 1,042 shares in the company’s 401(k) plan.
Mercantile Bank Corporation EVP & CFO Charles E. Christmas reported new stock awards. On 02/05/2026 he acquired 2,829 shares of common stock under a performance-based restricted stock award agreement at a stated price of $0 per share, which may be forfeited if performance metrics are not met.
He also acquired an additional 1,414 common shares at $0 per share, bringing his directly held common stock to 72,222 shares. The filing also shows indirect holdings of 50,376 shares in a 401(k) plan and 2,581 shares held through his spouse’s retirement plans.
Mercantile Bank Corporation executive Scott P. Setlock, EVP, COO & Secretary, reported multiple common stock transactions. On February 5, 2026, he acquired 2,271 shares and 1,135 shares at $0 per share under a performance-based restricted stock award that may be forfeited if certain metrics are not met.
On December 19, 2025, he disposed of 1,187 shares at $49.45 per share. Following these transactions, he directly owned 23,143 common shares and indirectly held 8,933 shares in a 401(k) plan.
Mercantile Bank Corp executive Tara M. Randall reported several stock transactions. On 12/19/2025, she disposed of 1,500 shares of common stock at $49.45 per share, leaving 13,848 shares directly owned. On 02/05/2026, she acquired 1,820 shares at $0 under a performance-based restricted stock award that may be forfeited if certain metrics are not met, plus an additional 910 shares at $0. Following these transactions, she directly owns 16,578 common shares, including shares accumulated through dividend reinvestment.
Mercantile Bank Corp executive Mark S. Augustyn reported several changes in his common stock holdings. On 02/05/2026 he acquired 2,875 shares of common stock at $0 per share as a performance-based restricted stock award, which may be forfeited if specified performance metrics are not met, and separately acquired 1,437 additional shares at $0 per share. Earlier, on 12/19/2025 he disposed of 1,461 shares at $49.45 per share, and on 12/12/2025 he disposed of 2,022 shares at $0 per share. Following these transactions, he directly holds 32,499 common shares, with an additional 258 shares held indirectly in an IRA and 268 shares held indirectly by his spouse in an IRA.
Mercantile Bank Corporation director Steven Schweihofer reported acquiring 321 shares of the company’s common stock on 01/06/2026. The shares were acquired at a price of $0 per share, increasing his directly held stake to 5,603 common shares following the transaction. The filing was made as a Form 4 for a single reporting person with direct ownership.
Mercantile Bank Corp (MBWM) director reported selling common stock in two open-market transactions. On 11/13/2025, the reporting person sold 3,160 shares of common stock at a price of $45.85 per share and 1,417 shares at $45.81 per share. After these sales, the director beneficially owned 11,898 shares directly, 14,616 shares indirectly through an IRA, and 19,909 shares in a 401(k) plan. The filing notes that the indirect holdings include shares acquired by reinvesting cash dividends under the company’s dividend reinvestment plan.
Mercantile Bank Corp (MBWM) reported an insider transaction by a director. On 10/31/2025, the director purchased 1,000 shares of common stock at $43.5, recorded as indirect ownership through an IRA.
Following the transaction, reported holdings were 3,502 shares indirect (IRA) and 3,084 shares direct. The filing was submitted by one reporting person.