Farmers Bancorp merger grants RMBI (RMBI) director additional shares
Rhea-AI Filing Summary
Richmond Mutual Bancorporation, Inc. director James Dalton Moore reported acquiring Richmond Mutual common stock in connection with the merger with The Farmers Bancorp. On July 1, 2026, he received 60,669 shares directly and additional blocks of 6,800, 4,039, and 3,400 shares held indirectly through a family trust and his spouse.
According to the merger terms, each Farmers share was converted into 3.40 Richmond Mutual shares, so no cash purchase price was paid for these shares. Some of the reported securities are held by an irrevocable trust where Moore serves as trustee; he receives 50% of the trust income and disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 74,908 shares
Net Buy
4 txns
Insider
Moore James Dalton
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 60,669 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 3,400 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 4,039 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 6,800 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 60,669 shares (Direct);
Common Stock — 4,039 shares (Indirect, Held by Spouse);
Common Stock — 6,800 shares (Indirect, Held by Family Trust)
Footnotes (2)
- F1. The reported shares were received in exchange for shares of common stock of The Farmers Bancorp ("Farmers") in connection with the merger of Farmers with and into Richmond Mutual Bancorporation, Inc. ("RMBI"), pursuant to the Agreement and Plan of Merger. Under the terms of the merger agreement, at the effective time of the merger, each outstanding share of Farmers common stock was converted automatically into the right to receive 3.40 shares of RMBI common stock. Accordingly, no cash purchase price was paid by the reporting person for the shares reported herein.
- F2. The reported securities are held by an irrevocable trust for which the reporting person serves as trustee. Under the terms of the trust, 50% of the trust income is distributable to the reporting person (or, upon the reporting person's death, to the reporting person's spouse), and the remaining 50% of the trust income is distributable to the reporting person's brother (or, upon the brother's death, to the brother's spouse). Upon termination of the trust following the deaths of the foregoing beneficiaries, the trust corpus, including the reported securities, is distributable to the reporting person's son. The reporting person disclaims beneficial ownership of the reported securities except to the extent of the reporting person's pecuniary interest therein.
Key Figures
Direct shares acquired: 60,669 shares
Indirect shares via family trust (first block): 6,800 shares
Indirect shares via spouse: 4,039 shares
+4 more
7 metrics
Direct shares acquired
60,669 shares
Common Stock, held directly after merger-related acquisition
Indirect shares via family trust (first block)
6,800 shares
Common Stock, held indirectly by family trust
Indirect shares via spouse
4,039 shares
Common Stock, held indirectly by spouse
Indirect shares via family trust (second block)
3,400 shares
Common Stock, held indirectly by family trust
Merger exchange ratio
3.40 shares
RMBI shares per Farmers Bancorp share in merger
Trust income share to Moore
50%
Portion of irrevocable trust income distributable to Moore
Trust income share to brother’s family
50%
Portion of irrevocable trust income distributable to brother or spouse
Key Terms
Form 4, Agreement and Plan of Merger, irrevocable trust, pecuniary interest, +1 more
5 terms
Form 4 regulatory
"James Dalton Moore reported acquiring Richmond Mutual common stock on this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Agreement and Plan of Merger regulatory
"The shares were received under the Agreement and Plan of Merger between Farmers and Richmond Mutual."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
irrevocable trust financial
"The reported securities are held by an irrevocable trust for which the reporting person serves as trustee."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of the reported securities except to the extent of the reporting person's pecuniary interest."
common stock financial
"The transactions involve Richmond Mutual Bancorporation, Inc. common stock received in the merger."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did RMBI director James Dalton Moore report on this Form 4 for Richmond Mutual Bancorporation (RMBI)?
James Dalton Moore reported acquiring Richmond Mutual common stock tied to the Farmers Bancorp merger. He reported 60,669 shares held directly and additional indirect holdings through a family trust and his spouse, all received as stock consideration rather than through a cash purchase.
How are James Dalton Moore’s indirect Richmond Mutual (RMBI) holdings structured in this Form 4?
Some reported shares are held by an irrevocable trust for which Moore is trustee, and some by his spouse. The trust distributes 50% of income to Moore and 50% to his brother’s family, and Moore disclaims beneficial ownership beyond his pecuniary interest in these securities.