Form 4: First Merchants Corp CEO Reports Stock Transactions

First Merchants Corp's CEO, Mark K. Hardwick, reported the acquisition of 4,684 shares of common stock through a gift, while also holding indirect ownership through a spouse's IRA and a 401(k) plan.

Summary

• Mark K. Hardwick, the CEO of First Merchants Corp, reported a transaction involving the company's common stock.
• On November 13, 2024, Mr. Hardwick acquired 4,684 shares of common stock through a gift.
• The transaction was reported as a gift, with a price of $0 per share.
• Following the transaction, Mr. Hardwick directly owns 105,986.54 shares of common stock, which includes 57,582.869 restricted stock awards.
• He also has indirect ownership of 446 shares through his spouse's IRA and 17,749.099 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading regulations, and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and are required by the SEC.
• The reported transactions are typical for executives who receive stock-based compensation or manage personal investments.
• The level of detail provided is consistent with SEC requirements for Form 4 filings.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine filing related to insider trading regulations.

Key Dates

Keywords

stock transaction, beneficial ownership, Form 4, First Merchants Corp, FRME, CEO, Mark K. Hardwick, common stock, restricted stock, insider trading