Form 4: First Merchants Corp Director Michael C. Rechin Reports Share Transactions

Director Michael C. Rechin of First Merchants Corp reported a disposition of 2,352 common shares and holdings of 5,120.252 shares indirectly through a 401k.

Summary

• Michael C. Rechin, a director at First Merchants Corp, reported a transaction involving the company's common stock.
• On December 10, 2024, Mr. Rechin disposed of 2,352 shares of common stock.
• The disposition was a gift and the price was $0.
• Following the transaction, Mr. Rechin directly owns 86,119.867 shares of common stock.
• Mr. Rechin also indirectly owns 5,120.252 shares through a 401k.
• The total includes 7,304 restricted stock awards.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity, with no inherent positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States.
• The reporting requirements are consistent across all companies listed on major exchanges like the NYSE and NASDAQ.
• The level of detail provided in this filing is typical for insider transaction reports, including the number of shares, transaction type, and ownership details.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the trading activities of a company director.
• The information is relevant for investors tracking insider transactions as part of their investment analysis.

Key Dates

Keywords

First Merchants Corp, FRME, insider trading, Form 4, share transaction, director, Michael C. Rechin, stock disposition, restricted stock, 401k