Charles E. Christmas - Dec 28, 2022 Form 4 Insider Report for MERCANTILE BANK CORP (MBWM)

Role
EVP AND CFO
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Stock symbol
MBWM
Transactions as of
Dec 28, 2022
Transactions value $
$0
Form type
4
Date filed
12/30/2022, 03:12 PM
Previous filing
Dec 19, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBWM Common Stock Award $0 +158 +0.24% $0.00 65.2K Dec 28, 2022 Direct F1
transaction MBWM Common Stock Award $0 +626 +0.96% $0.00 65.8K Dec 28, 2022 Direct F2
transaction MBWM Common Stock Award $0 +2.43K +3.69% $0.00 68.2K Dec 28, 2022 Direct F3
holding MBWM Common Stock 453 Dec 28, 2022 By spouse in IRA
holding MBWM Common Stock 44.1K Dec 28, 2022 401(k) Plan F4
holding MBWM Common Stock 1.88K Dec 28, 2022 401(k) Plan for spouse F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2019 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
F2 These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2020 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
F3 These shares are not a new award, rather they represent an adjustment to the number of shares that are anticipated to be earned at the end of the three-year performance period for the 2021 performance grants based upon an evaluation of performance metrics conducted at December 28, 2022.
F4 Includes shares acquired pursuant to issuer's 401(k) Plan since last report of common stock ownership.