Form 4: First Merchants Corp Director Acquires Additional Shares
SEC Form 4 Filing
Director Susan W. Brooks acquired 680 shares of First Merchants Corp (FRME) at $33.29 per share on June 30, 2024.
Summary
- On June 30, 2024, Susan W. Brooks, a director of First Merchants Corp (FRME), acquired 680 shares of common stock at a price of $33.29 per share.
- Following the transaction, Brooks directly owns 7,757.26 shares of First Merchants Corp, which includes 6,936 shares from Restricted Stock Awards.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction, but a director buying shares can be seen as a mildly positive signal.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of the transaction: Susan W. Brooks acquired 680 shares of First Merchants Corp. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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