Form 4: First Merchants Corp Director Lehman Acquires 588 Shares

Director Gary Lehman of First Merchants Corp acquired 588 shares of common stock at $37.2 per share on September 30, 2024, bringing his total holdings to 50,064.392 shares.

Summary

• On September 30, 2024, Gary Lehman, a director of First Merchants Corp, acquired 588 shares of common stock.
• The acquisition price was $37.2 per share.
• Following the transaction, Lehman's total beneficial ownership of First Merchants Corp common stock is 50,064.392 shares, which includes 6,947 restricted stock awards.
• The transaction was reported on October 2, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing 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 provides shareholders with insight into the actions of a company director.
• The purchase could be interpreted as a sign of confidence in the company's prospects, potentially influencing investor sentiment.

Key Dates