Company: MBINL
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032188
Chunk: 42

Company: Merchants Bancorp
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 42
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| Summary Compensation Table Total Compensation                                                             |      | $   | 2,939,929 |   |     | $ | 2,839,538 |   |     | $ | 1,908,889 |   |     | $ | 1,549,064 |   |     | $ | 1,578,683 |   |     | $                          | 3,698,051 |   |     | $ | 2,768,869 |   |     | $ | 3,038,319 |   |     | $ | 4,922,427 |   |     | $ | 2,984,136 |   |
| Less: Grant Date Value of Stock Awards in Fiscal Year                                                     |      | $   |  (978,531 | ) |     | $ |  (954,001 | ) |     | $ |  (858,507 | ) |     | $ |  (728,014 | ) |     | $ |  (656,264 | ) |     | $                          |  (299,731 | ) |     | $ |  (320,659 | ) |     | $ |  (289,006 | ) |     | $ |  (400,405 | ) |     | $ |  (319,391 | ) |
| Add: Changes in Fair Value of Outstanding and Unvested Stock Awards Granted in Prior Year and Fiscal Year |      | $   | 1,641,765 |   |     | $ | 3,097,108 |   |     | $ | 1,267,218 |   |     | $ | 1,337,970 |   |     | $ |   919,968 |   |     | $                          |   537,971 |   |     | $ |   743,291 |   |     | $ |   477,747 |   |     | $ | 1,373,946 |   |     | $ |   560,709 |   |
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