Form 4: First Merchants Corp Executive Michael J. Stewart Reports Stock Disposal
SEC Form 4 Filing
Michael J. Stewart, President of First Merchants Corp, reports disposing of 3,662 shares of common stock to cover tax obligations.
Summary
- On August 10, 2024, Michael J. Stewart, President of First Merchants Corp, disposed of 3,662 shares of common stock at a price of $35.7 per share.
- This transaction was to cover tax obligations related to restricted stock awards.
- Following the transaction, Stewart directly owns 101,680.183 shares of common stock and indirectly owns 7,235.359 shares through a 401(k) plan.
- The direct holdings include 40,120.796 shares from restricted stock awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction for tax obligation fulfillment.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Date of stock disposal transaction |
| 08/13/2024 | Date of signature on the report |
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