Form 4: First Merchants Corp Executive Chad Kimball Reports Stock Disposal
SEC Form 4 Filing
Chad Kimball, Chief Risk Officer of First Merchants Corp, reports the disposal of 1,068 shares of common stock to cover tax obligations.
Summary
- On August 23, 2024, Chad Kimball, the Chief Risk Officer of First Merchants Corp, disposed of 1,068 shares of common stock.
- The transaction was executed at a price of $38.42 per share.
- This disposal was to cover tax obligations related to restricted stock awards.
- Following the transaction, Kimball directly owns 14,126.76 shares of First Merchants Corp, including 11,293.76 restricted stock awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock disposal for tax purposes, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of stock disposal transaction |
| 08/26/2024 | Date of signature on the report |
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