Form 4: First Merchants Corp Director Kevin D. Johnson Acquires 588 Shares
SEC Form 4 Filing
Director Kevin D. Johnson of First Merchants Corp acquired 588 shares of common stock at $37.2 per share on September 30, 2024.
Summary
- On September 30, 2024, Kevin D. Johnson, a director of First Merchants Corp, acquired 588 shares of common stock.
- The acquisition price was $37.2 per share.
- Following the transaction, Johnson directly owns 5,584 shares of First Merchants Corp, including restricted stock awards.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction disclosure. A director buying shares is generally a positive sign, but without more context, it's difficult to gauge the significance.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Kevin D. Johnson acquired 588 shares of First Merchants Corp common stock. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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