Form 4: First Merchants Corp CEO Reports Stock Transactions
SEC Form 4 Filing
Mark K. Hardwick, CEO of First Merchants Corp, reports the disposition of 4,016 shares of common stock to cover tax obligations, while still holding a significant number of shares directly and indirectly.
Summary
- On August 10, 2024, Mark K. Hardwick, the CEO of First Merchants Corp (FRME), reported a transaction involving the disposition of 4,016 shares of common stock.
- The shares were disposed of at a price of $35.7 per share.
- Following the transaction, Hardwick directly owns 110,138.464 shares of common stock, which includes 57,050.793 shares from Restricted Stock Awards.
- Additionally, he indirectly owns 17,749.448 shares through a 401(k) plan and 446 shares through a Spouse IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Date of stock transaction (disposal of shares). |
| 08/13/2024 | Date of signature on the report. |
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