Form 4: First Merchants Corp: Officer Reports Acquisition of Phantom Stock

Stephan Fluher, Chief Information Officer and Senior Vice President of First Merchants Corp, reports acquiring phantom stock equivalent to 174.092 shares of FRME common stock.

Summary

• On March 24, 2025, Stephan Fluher, the Chief Information Officer and Senior Vice President of First Merchants Corp (FRME), acquired phantom stock.
• The acquisition represents 174.092 shares of phantom stock.
• Each share of phantom stock is equivalent to one share of FRME common stock.
• The price of the phantom stock is $40.47 per share.
• Following the transaction, Fluher directly owns 1,081.638 shares of phantom stock.
• The phantom stock will be settled in cash or shares of FRME common stock upon Fluher's separation from First Merchants.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It simply reports a transaction and doesn't convey any particular sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is an individual executive's acquisition of phantom stock.
• It provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, FRME, First Merchants Corp, Phantom Stock, Insider Trading, Beneficial Ownership, Stephan Fluher, Chief Information Officer