Company: MBINL
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032188
Chunk: 37

Company: Merchants Bancorp
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 37
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 must stipulate that the Chief Executive Officer will hold shares of stock received for at least a 12-month period after vesting requirements are satisfied, unless the Chief Executive Officer incurs a termination of service, in which case the holding period ends on the termination date. 25 The 2017 Plan allows for acceleration of vesting and exercise privileges of grants if a change in control occurs and a participant incurs a termination of service without cause following the change in control. Our awards do not currently provide for vesting upon death, disability, or retirement, although it would be permitted under the 2017 Plan. If a participant’s employment is terminated for any reason, then all unvested awards expire at the date of termination, unless otherwise approved by the Committee. The Committee approved of allowing Mr. Macke’s unvested awards to continue to vest after his retirement on such awards original vesting schedule. Grants of Plan-Based Awards The following table provides information on the incentive compensation and equity grants awarded to our NEOs in 2024. All such grants were made under our 2017 Plan, which is described above.

| Name                    |     | Grant Date 
 (1)(2)     |     | All other stock   
 awards: Number of 
 Units             |        |     | Grant Date Fair    
 Value of Stock and 
 Option Awards ($)  |         |
|:------------------------|:----|:-----------|:----|:------------------|-------:|:----|:-------------------|--------:|
| Michael F. Petrie       |     | 12/31/2023 |     |                   | 22,981 |     | $                  | 978,531 |
| Michael J. Dunlap       |     | 12/31/2023 |     |                   | 20,562 |     | $                  | 875,530 |
| Michael R. Dury         |     | 12/31/2023 |     |                   |  5,334 |     | $                  | 227,122 |
| John F. Macke (3)       |     | -          |     |                   |      - |     |                    |       - |
| Martin A. Schroeter (4) |     | -          |     |                   |      - |     |                    |       - |
| Sean A. Sievers         |     | 9/9/2024   |     |                   |  2,261 |     | $