Mercantile Bank (MBWM) executive Hoover received 2,832 shares
Insider transactions reported
Brett Hoover (EVP & Chief Hr Officer at Mercantile Bank Corporation, MBWM) reported that they received 2,832 shares, and gave up 950 shares at $49.45 to cover taxes or an exercise price between Dec 19, 2025 and Feb 5, 2026. After these transactions the filing shows 18,520 shares held directly.
- Reporting person
- Hoover Brett
- Role
- EVP & CHIEF HR OFFICER
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Dec 19, 2025 | Shares withheld for taxes or exercise price (F) | Common Stock1 | -950 | $49.45 | $47K | 15,688 direct |
| Feb 5, 2026 | Grant or award (A) | Common Stock2 | +2,832 | - | - | 18,520 direct |
Holdings before and after
- Common Stock: 16,638 to 18,520 direct
Other positions listed
- Common Stock: 1,042 indirect, In 401(k) plan
Footnotes from the filing
- 1. Includes shares acquired since last report of common stock ownership by reinvesting cash dividends under the Issuer's dividend reinvestment plan.
- 2. This award of shares is being made pursuant to the Issuer's performance-based restricted stock award agreement, such that a portion or all of this award of restricted stock may be forfeited in the future if certain performance metrics are not met.
- 3. Includes shares acquired pursuant to the Issuer's 401(k) Plan since last report of common stock ownership.
Transaction codes in this filing
- Grant or award:
- Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
FAQ
What did Hoover report in this MBWM Form 4?
Brett Hoover (EVP & Chief Hr Officer at Mercantile Bank Corporation, MBWM) reported that they received 2,832 shares, and gave up 950 shares at $49.45 to cover taxes or an exercise price between Dec 19, 2025 and Feb 5, 2026. After these transactions the filing shows 18,520 shares held directly.
How many MBWM shares does Hoover hold after this filing?
The filing shows 18,520 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code A mean on an SEC Form 4?
Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
Historical context for MBWM
Across the 6 sessions after earlier MBWM headlines, the stock closed higher 3 times and lower 3 times, with a median move of 0.8% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | MBWM | SPY |
|---|---|---|---|
| Jan 20, 2026 | Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2025 Resultsand 1 other headline that session | +0.8% | -2.0% |
| Jan 2, 2026 | Mercantile Bank Corporation Announces Completion of Merger with Eastern Michigan Financial Corporation | -1.0% | +0.2% |
| Dec 29, 2025 | Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2025 Results Conference Call and Webcast | -0.7% | -0.4% |
| Dec 18, 2025 | Hovde Group reiterated coverage on Mercantile Bank with a new price target | +0.8% | +0.8% |
| Dec 17, 2025 | Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Receipt of All Required Regulatory Approvals for Pending Merger | -1.2% | -1.1% |
| Oct 21, 2025 | Mercantile Bank Corporation Announces Strong Third Quarter 2025 Resultsand 1 other headline that session | +0.6% | -0.0% |
Earlier insider filings at MBWM
- Feb 9, 2026EVP & CFO Christmas Charles E was granted 4,243 shares, increasing direct ownership by 6% to 72,222 units (SEC Form 4)
- Feb 9, 2026EVP, COO, & SECRETARY Setlock Scott P covered exercise/tax liability with 1,187 shares and was granted 3,406 shares, increasing direct ownership by 11% to 23,143 units (SEC Form 4)
- Feb 9, 2026EVP & Chief Experience Officer Randall Tara M covered exercise/tax liability with 1,500 shares and was granted 2,730 shares, increasing direct ownership by 8% to 16,578 units (SEC Form 4)
- Feb 9, 2026EVP&Chief Comm Banking Officer Augustyn Mark S covered exercise/tax liability with 1,461 shares, was granted 4,312 shares and gifted 2,022 shares, increasing direct ownership by 3% to 32,499 units (SEC Form 4)
- Jan 7, 2026Director Schweihofer Steven was granted 321 shares, increasing direct ownership by 6% to 5,603 units (SEC Form 4)
- Market cap
- 30-day
- Sector
- Finance
- Industry
- Major Banks
- Listed since
- 1998
Follow MBWM and get a push notification the moment its next story breaks.