Form 4: First Merchants Corp: Director Hardwick Reports Phantom Stock Transaction

Director Mark K Hardwick reports acquisition of phantom stock equivalent to 0.415 shares of First Merchants Corp common stock.

Summary

• On July 10, 2024, Mark K Hardwick, Chief Executive Officer and Director of First Merchants Corp (FRME), reported a transaction involving phantom stock.
• Hardwick acquired phantom stock equivalent to 0.415 shares of FRME common stock.
• The price of the phantom stock was $34.9 per share.
• Following the transaction, Hardwick directly owns 3,116.363 shares of phantom stock.
• The phantom stock will be settled in cash or shares of FRME common stock upon Hardwick's separation from First Merchants.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

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 executives and directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and not a direct purchase or sale of common stock on the open market.

Key Dates