Form 4: First Merchants Corp Director Clark C. Kellogg Acquires Shares

Director Clark C. Kellogg acquired 567 shares of First Merchants Corp common stock at $39.89 per share on December 31, 2024.

Summary

• Clark C. Kellogg, a director at First Merchants Corp, acquired 567 shares of common stock on December 31, 2024.
• The shares were purchased at a price of $39.89 each.
• Following the transaction, Mr. Kellogg directly owns 12,062.209 shares.
• He also indirectly owns 409 shares through the Rosella Kellogg Revocable Trust and 1,074.515 shares through a 401(k) plan.
• The total direct and indirect holdings include 7,294 restricted stock awards.

Sentiment

Score: 6

Explanation: The document is a routine filing and does not indicate any significant positive or negative sentiment. It reflects a director's investment in the company, which is generally neutral to slightly positive.

Positives

• The director's purchase of shares could be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to insider trading activity and is common for directors of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The transaction is typical for directors who may receive stock as part of their compensation or choose to invest in the company.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the director's investment.

Key Dates

Keywords

First Merchants Corp, Clark C. Kellogg, stock acquisition, insider trading, Form 4, director, share purchase