4/A: First Merchants Corp CEO Mark Hardwick Amends SEC Filing on Share Transactions

First Merchants Corp CEO Mark Hardwick amended a previous SEC filing to reflect changes in his beneficial ownership of company stock, including adjustments to his 401(k) holdings.

Summary

• Mark Hardwick, CEO of First Merchants Corp, filed an amended Form 4 with the SEC.
• The filing details changes in his beneficial ownership of First Merchants Corp stock.
• On November 19, 2024, Hardwick disposed of 1,171 shares of common stock at $0 price.
• Following the transaction, Hardwick directly owns 104,815.54 shares of common stock, which includes 57,582.869 restricted stock awards.
• He also indirectly owns 446 shares through his spouse's IRA and 16,130.638 shares through his 401(k) plan.
• The amendment was made to correct the share balance in his 401(k).

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding stock transactions, which is neither positive nor negative in itself. The amendment suggests a correction of a previous error, which is neutral.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the stock ownership of key executives.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for all publicly traded companies in the US.
• The level of detail provided in this filing is consistent with what is expected for executive stock transactions.
• Similar filings are made by executives at comparable financial institutions such as JP Morgan Chase, Bank of America, and Wells Fargo.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stock ownership.
• The amendment corrects a previous error, ensuring accurate information is available to stakeholders.

Key Dates

Keywords

SEC Filing, Form 4, Beneficial Ownership, Stock Transactions, First Merchants Corp, Mark Hardwick, Restricted Stock, 401k, Insider Trading