Form 4: First Mid Bancshares Director Increases Holdings Through Deferred Compensation Plan

Director Mary Westerhold acquired additional shares of First Mid Bancshares through a planned quarterly purchase under the company's Deferred Compensation Plan.

Summary

• Mary Westerhold, a director at First Mid Bancshares, acquired 376.5012 shares of common stock on January 3, 2025, at a price of $35.59 per share.
• The acquisition was part of a planned quarterly purchase under the company's Deferred Compensation Plan.
• Following the transaction, Ms. Westerhold's total holdings include direct and indirect ownership through various entities such as a Deferred Compensation Plan, IRA, LLCs, and Trusts.
• The total indirect holdings include 13,089.3888 shares through the Deferred Compensation Plan, 1,960 shares through an IRA, 50,236 shares through LLC 1, 56,224 shares through LLC 2, 129,869 shares through LLC 3, 0 shares through a Spouse's IRA, 45,892 shares through Trusts 1, and 16,454 shares through Trusts 2.
• Ms. Westerhold also directly owns 2,200 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects a director's continued investment in the company, indicating confidence. However, it is a routine transaction and not a major event.

Positives

• The director's purchase of shares through the Deferred Compensation Plan indicates confidence in the company's future.
• The increase in holdings demonstrates a long-term commitment to the company.

Industry Context

This filing is a routine disclosure of a director's share acquisition, which is common in the financial industry. It reflects standard practice for executives participating in company compensation plans.

Comparison to Industry Standards

• Director share acquisitions through deferred compensation plans are a common practice across the financial industry.
• Many financial institutions offer similar plans to align the interests of directors and shareholders.
• The specific details of the plan and the number of shares acquired are specific to First Mid Bancshares and its compensation structure.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates

Keywords

First Mid Bancshares, Director, Share Acquisition, Deferred Compensation Plan, Beneficial Ownership, FMBH, SEC Form 4