4/A: First Merchants Corp Director Michael Becher Amends Filing to Include Dividend Reinvested Shares
SEC Form 4/A (Amendment)
Michael Becher, a director at First Merchants Corp, amended a previous SEC filing to include dividend reinvested shares.
Summary
- This is an amended SEC Form 4 filing by Michael R Becher, a director of First Merchants Corp (FRME).
- The amendment, dated March 14, 2024, updates a previous filing from January 3, 2024.
- The filing reports a transaction on December 31, 2023, where Becher acquired 653 shares of common stock at a price of $37.08 per share through dividend reinvestment.
- Following the transaction, Becher directly owns 23,951.462 shares of First Merchants Corp common stock, which includes 7,084 shares of restricted stock awards.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction (dividend reinvestment) by a director, indicating confidence in the company. There are no red flags or negative implications.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | Date of transaction: Acquisition of 653 shares through dividend reinvestment. |
| 01/03/2024 | Date of original filing that was amended. |
| 03/14/2024 | Date of amended filing. |
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