Form 4: First Merchants Corp Executive Steven C Harris Reports Stock Disposal

Steven C Harris, a Senior Vice President at First Merchants Corp, reported the disposal of 304 common stock shares on August 10, 2024.

Summary

• On August 10, 2024, Steven C Harris, a Senior Vice President at First Merchants Corp, disposed of 304 shares of common stock at a price of $35.7.
• Following the transaction, Harris directly owns 17,243.119 shares of common stock and indirectly owns 148.501 shares through a 401k.
• The report also notes that the directly owned shares include 8,913.282 shares from Restricted Stock Awards.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock disposal by an executive, and doesn't inherently indicate positive or negative sentiment. It's a factual report of a transaction.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The disposal of shares by a company executive could be perceived negatively by some shareholders, although it is a relatively small transaction.

Key Dates