4/A: First Merchants Corp Director Clark C. Kellogg Amends Filing to Include Indirect 401(k) Holdings

Director Clark C. Kellogg amended a previous SEC Form 4 filing to include indirect holdings through a 401(k) plan.

Summary

• Clark C. Kellogg, a director of First Merchants Corp, filed an amended Form 4 with the SEC.
• The amendment, dated February 28, 2024, updates a previous filing from October 3, 2023.
• The filing reports a transaction on September 30, 2023, where Mr. Kellogg acquired 814 shares of Common Stock at a price of $27.82 per share.
• Following the transaction, Mr. Kellogg directly owns 9,170.652 shares of Common Stock, which includes 6,248 shares from Restricted Stock Awards.
• The amended filing includes indirect ownership of 1,024.034 shares of Common Stock through a 401(k) plan.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency.

Industry Context

This filing is a routine disclosure of insider transactions and holdings, providing transparency to investors regarding the actions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency.
• The level of detail provided in this filing is consistent with industry norms for insider transaction reporting.
• Comparable companies in the financial sector also have directors and officers who file similar forms when they trade in their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings in the company.
• It assures stakeholders that the director's interests are aligned with theirs through stock ownership.

Key Dates