Form 4: First Merchants Corp: Officer Stephan Fluher Reports Phantom Stock Transaction

Stephan Fluher, Chief Information Officer and Senior Vice President of First Merchants Corp, reports the acquisition of phantom stock equivalent to 1.64 shares of FRME common stock.

Summary

• On July 10, 2024, Stephan Fluher, Chief Information Officer and Senior Vice President of First Merchants Corp (FRME), reported a transaction involving phantom stock.
• Fluher acquired phantom stock equivalent to 1.64 shares of FRME common stock at a price of $34.9.
• Following the reported transaction, Fluher directly owns 823.7 shares of phantom stock.
• Each share of phantom stock is the economic equivalent of one share of FRME common stock and will be settled in cash or shares of FRME common stock upon separation from First Merchants.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.

Future Outlook

The phantom stock will be settled in cash or shares of FRME common stock, at the reporting person's election, upon separation from First Merchants.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates an executive's continued stake in the company's performance.

Key Dates