Shaffer Mark E. bought MBIN
August 20, 2026 · Form 4 insider transaction
Shaffer Mark E. bought 328 shares of Merchants Bancorp at $53.50 per share, a transaction worth $17.5K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Direction
Acquired (buy-side)
Shares
328
Price
$53.50
Total value
$17.5K
InsiderShaffer Mark E.
RoleDirector
CompanyMerchants Bancorp (MBIN)
SecurityCommon Stock
Transaction codeA: Grant or award
Transaction dateAugust 20, 2026
Filing dateAugust 24, 2026
Shares owned after709
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
This award represents the equity portion of the Reporting Person's quarterly retainer for service as a director of the Issuer. The number of shares awarded was determined by dividing the dollar value of the equity portion by the price shown, which was the closing price of one share of the Issuer's common stock on the day immediately prior to the most recent scheduled quarterly board meeting, and rounding up to the next whole share.