FRME.NASDAQFirst Merchants CORP

4/A: First Merchants Corp Director Michael Becher Amends Filing to Include Dividend Reinvested Shares

Sentiment:

SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)

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Director Michael Becher amends a previous SEC Form 4 filing to include dividend reinvested shares related to First Merchants Corp.

Summary

  • Michael Becher, a director of First Merchants Corp (FRME), amended a previous SEC Form 4 filing.
  • The amendment includes dividend reinvested shares from September 15, 2023.
  • On September 30, 2023, Becher acquired 870 shares of common stock at a price of $27.82 per share.
  • Following the reported transaction, Becher beneficially owns 23,267.589 shares of common stock directly.
  • This total includes 6,890 shares from Restricted Stock Awards.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction (dividend reinvestment) and doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It provides investors with information about the trading activities of company insiders, which can be an indicator of their confidence in the company's prospects.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding insider transactions.

Key Dates

DateDescription
09/15/2023Date of dividend reinvested shares.
09/30/2023Date of transaction: Acquisition of 870 shares at $27.82.
10/03/2023Date of original filing that was amended.
03/14/2024Date of signature on the amended filing.

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