Form 4: First Merchants Corp: Officer Michael J. Stewart Reports Stock Disposal
SEC Filing
Michael J. Stewart, President of First Merchants Corp, reports the disposal of 2,176 shares of common stock on August 23, 2024.
Summary
- On August 23, 2024, Michael J. Stewart, President of First Merchants Corp, disposed of 2,176 shares of common stock.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Stewart directly owns 99,504.183 shares of common stock and indirectly owns 7,235.359 shares through a 401(k) plan.
- The directly held amount includes 40,120.796 shares from Restricted Stock Awards.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction. There is no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, as required by SEC regulations. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in insider ownership.
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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