Form 4: First Merchants Corp Director Exercises Stock Options
SEC Form 4 Filing
Jean L. Wojtowicz, a director at First Merchants Corp, exercised stock options and acquired 1,500 shares of common stock on June 17, 2024.
Summary
- On June 17, 2024, Jean L. Wojtowicz, a director of First Merchants Corp, exercised non-employee director stock options.
- This transaction resulted in the acquisition of 1,500 shares of common stock at a price of $21.65 per share.
- Following the transaction, Wojtowicz beneficially owns 55,119.443 shares of First Merchants Corp common stock, which includes 8,216 shares from Restricted Stock Awards.
- The stock options were exercisable from January 1, 2015, and expired on July 1, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine exercise of stock options by a director.
Key Dates
| Date | Description |
|---|---|
| 01/01/2015 | Date Non-Employee Director Stock Option became exercisable |
| 06/17/2024 | Date of transaction: stock option exercise and stock acquisition |
| 07/01/2024 | Expiration date of Non-Employee Director Stock Option |
| 06/20/2024 | Date of signature on the Form 4 filing |
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