Form 4: First Merchants Corp: CEO Acquires Phantom Stock
SEC Form 4 Filing
Mark K Hardwick, CEO of First Merchants Corp, reports acquisition of phantom stock equivalent to 28.484 shares of common stock on September 24, 2024.
Summary
- On September 24, 2024, Mark K Hardwick, the Chief Executive Officer of First Merchants Corp (FRME), acquired phantom stock.
- The phantom stock is equivalent to 28.484 shares of FRME common stock.
- The price of the phantom stock is $37.97 per share.
- Following the transaction, Hardwick directly owns 3,144.847 shares of phantom stock.
- The phantom stock will be settled in cash or shares of FRME common stock upon Hardwick's separation from First Merchants.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as officers and directors, trade in their company's stock. This filing indicates a change in beneficial ownership for the CEO of First Merchants Corp.
Key Dates
| Date | Description |
|---|---|
| 09/24/2024 | Date of transaction: Mark K Hardwick acquired phantom stock. |
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