Form 4: First Merchants Corp Director Clark C. Kellogg Reports Stock Acquisition

Director Clark C. Kellogg reports acquiring 609 shares of First Merchants Corp stock at $37.20 per share on September 30, 2024, and discloses beneficial ownership of common stock through various accounts.

Summary

• On September 30, 2024, Clark C. Kellogg, a director of First Merchants Corp, acquired 609 shares of common stock at a price of $37.20 per share.
• Following this transaction, Kellogg directly owns 11,458.168 shares of First Merchants Corp common stock.
• Kellogg also indirectly owns 1,065.48 shares through a 401(k) plan and 409 shares through the Rosella Kellogg Revocable Trust.
• The report includes restricted stock awards totaling 7,155 shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company insider. The purchase itself could be seen as slightly positive, but without further context, it's difficult to gauge the overall impact.

Positives

• Director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Key Dates