Merger grants Richmond Mutual (NASDAQ: RMBI) COO 6,256 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Richmond Mutual Bancorporation, Inc.’s Chief Operations Officer Ann Valentino acquired 6,256 shares of RMBI common stock. These shares were received at no cash cost through the merger of The Farmers Bancorp into RMBI, where each Farmers share converted into 3.40 RMBI shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Valentino Carroll Ann
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,256 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,256 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 6,256 shares
Post-transaction holdings: 6,256 shares
Merger exchange ratio: 3.40 shares
+1 more
4 metrics
Shares acquired
6,256 shares
RMBI common stock received by COO Ann Valentino
Post-transaction holdings
6,256 shares
Total RMBI common shares owned directly after transaction
Merger exchange ratio
3.40 shares
RMBI shares per Farmers Bancorp share in merger
Price per share
$0.0000 per share
Reported transaction price, reflecting non-cash stock-for-stock exchange
Key Terms
Agreement and Plan of Merger, effective time of the merger, Common Stock, Grant, award, or other acquisition
4 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
"Under the terms of the merger agreement, 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.
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, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did RMBI report for its COO Ann Valentino?
Ann Valentino, Chief Operations Officer of RMBI, acquired 6,256 shares of common stock. The shares were issued as part of the merger with The Farmers Bancorp, rather than through an open-market purchase or sale, and involved no cash payment by her.
What does the 3.40 exchange ratio mean in the RMBI–Farmers merger?
The 3.40 exchange ratio means each outstanding Farmers Bancorp common share became the right to receive 3.40 RMBI common shares. This fixed stock-for-stock conversion determined how many RMBI shares insiders like Ann Valentino received when the merger became effective.