Form 4: First Mid Bancshares CEO Gifts 13,309 Shares
Insider Transaction Report
First Mid Bancshares' Chairman and CEO, Joseph R. Dively, reported gifting 13,309 shares of common stock on December 3, 2025, under a Rule 10b5-1 plan.
Summary
- Joseph R. Dively, Chairman & CEO of First Mid Bancshares, Inc. (FMBH), reported the disposition of 13,309 shares of common stock.
- The transaction occurred on December 3, 2025, and was a gift, with a reported price of $0 per share.
- Following this transaction, Mr. Dively directly beneficially owns 98,508.9989 shares of common stock.
- Additionally, he indirectly beneficially owns 66,770.1448 shares of common stock through a Deferred Compensation Plan.
- The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The filing is a factual report of an insider stock disposition (gift) and does not contain information that significantly alters the company's operational or financial outlook. The transaction was pre-planned under a Rule 10b5-1 plan, indicating compliance.
Positives
- The transaction was conducted under a Rule 10b5-1(c) plan, indicating pre-planning and adherence to insider trading compliance protocols, which enhances transparency.
Negatives
- A reduction of 13,309 shares in direct beneficial ownership by the Chairman & CEO, Joseph R. Dively, through a gift.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing reports a routine insider transaction and does not provide information related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Adherence | The reported transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, demonstrating adherence to pre-arranged trading plans for insiders. | 12/03/2025 | Enhances transparency and mitigates concerns regarding opportunistic insider trading, aligning with best practices in corporate governance. |
Stakeholder Impact
- Shareholders may note a slight reduction in direct insider ownership by the Chairman & CEO, although the transaction is a gift and not a sale for cash.
Key Dates
| Date | Description |
|---|---|
| 12/14/2004 | Date exercisable for a stock option that expired in 2014. |
| 12/14/2014 | Expiration date for a stock option with an exercise price of $27.33. |
| 12/03/2025 | Date of the reported transaction where 13,309 shares of common stock were gifted. |
| 12/05/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
FMBH, First Mid Bancshares, Joseph R Dively, Insider Transaction, Form 4, Stock Gift, CEO, Director, Common Stock, Rule 10b5-1
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