Form 4: First Merchants Corp Executive Vice President John Martin Reports Stock Disposal
SEC Form 4 Filing
John Martin, Executive Vice President and Chief Credit Officer of First Merchants Corp, disposed of 1,221 shares of common stock on August 10, 2024, to cover tax obligations.
Summary
- On August 10, 2024, John Martin, an Executive Vice President and Chief Credit Officer at First Merchants Corp, disposed of 1,221 shares of common stock.
- The transaction was executed at a price of $35.7 per share.
- Following the transaction, Martin directly owns 61,824.811 shares of First Merchants Corp, which includes 25,918.101 shares of restricted stock awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself doesn't necessarily indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure related to insider trading regulations. It provides transparency into the transactions of company executives and their holdings in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
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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