Form 4: First Merchants Corp Executive Sells Shares

Michael J. Stewart, President of First Merchants Corp, sold 7,248 shares of common stock at $43.73 per share on December 16, 2024.

Summary

• Michael J. Stewart, President of First Merchants Corp, reported a sale of 7,248 shares of common stock on December 16, 2024.
• The shares were sold at a price of $43.73 per share.
• Following the transaction, Mr. Stewart directly owns 92,664.364 shares of common stock.
• He also indirectly owns 7,235.285 shares through a 401(k) plan.
• The total direct holdings include 40,494.977 shares of restricted stock awards.

Sentiment

Score: 5

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

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, such as First Merchants Corp.
• Similar filings are made by executives at comparable financial institutions like Huntington Bancshares (HBAN) and KeyCorp (KEY) when they trade their company's stock.
• The volume of shares sold and the price are within the typical range for such transactions, and the reporting is consistent with SEC regulations.

Stakeholder Impact

• The transaction may have a minor impact on the stock price, but is unlikely to be significant.

Key Dates

Keywords

insider trading, stock sale, executive, First Merchants Corp, FRME, Form 4, Michael J. Stewart