Richmond Mutual director receives 2,380 RMBI shares
Richmond Mutual Bancorporation, Inc. director Barbara A. Cutillo reported acquiring 2,380 shares of common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Richmond Mutual Bancorporation, Inc. director Barbara A. Cutillo reported acquiring 2,380 shares of common stock. These shares were received in exchange for her common stock of The Farmers Bancorp in connection with the merger of Farmers into Richmond Mutual Bancorporation under an Agreement and Plan of Merger. After this non-cash share exchange, she directly holds 2,980 shares of RMBI common stock.
Insider Trade Summary
Grant/Award: 2,380 shares
Grant/Award
1 txn
Insider
Cutillo Barbara A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,380 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,980 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares acquired: 2,380 shares
Post-transaction holdings: 2,980 shares
Merger exchange ratio: 3.40 shares
+1 more
4 metrics
Shares acquired
2,380 shares
Common Stock received on July 1, 2026 as merger consideration
Post-transaction holdings
2,980 shares
Total RMBI common shares directly owned after the acquisition
Merger exchange ratio
3.40 shares
Each Farmers common share converted into 3.40 RMBI common shares
Transaction price per share
$0.0000
Indicates no cash purchase price for the awarded shares
Key Terms
Agreement and Plan of Merger, effective time of the merger, converted automatically, right to receive, +1 more
5 terms
Agreement and Plan of Merger regulatory
"pursuant to the Agreement and Plan of Merger."
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.
effective time of the merger regulatory
"at the effective time of the merger, each outstanding share"
The effective time of the merger is the exact moment when a planned combination of two companies legally takes effect, usually specified in the merger agreement and reflected by the formal filing or timestamp. For investors, it is the point when ownership, voting rights, financial reporting and control shift—like a light switch flipping that joins two rooms into one—so it determines when shares convert, who controls corporate decisions and which results appear in financial statements.
converted automatically financial
"was converted automatically into the right to receive 3.40 shares"
right to receive financial
"into the right to receive 3.40 shares of RMBI common stock"
common stock financial
"each outstanding share of Farmers common stock was converted"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Richmond Mutual Bancorporation (RMBI) director Barbara Cutillo report on this Form 4?
Director Barbara Cutillo reported acquiring 2,380 shares of RMBI common stock. The shares were received as part of a share-for-share exchange in the merger of The Farmers Bancorp into Richmond Mutual Bancorporation, increasing her direct ownership to 2,980 shares.
What exchange ratio applied in the RMBI and The Farmers Bancorp merger?
Each outstanding share of The Farmers Bancorp common stock was converted into the right to receive 3.40 shares of RMBI common stock. This fixed share-for-share exchange ratio determined how many RMBI shares former Farmers shareholders, including Barbara Cutillo, received in the merger.
Is Barbara Cutillo’s Form 4 transaction an open-market purchase of RMBI stock?
The transaction is not an open-market purchase. It is classified as a grant or other acquisition tied to the merger, where Farmers common shares were automatically converted into RMBI common shares at a 3.40 exchange ratio, with no cash purchase price paid.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates