Form 4: First Mid Bancshares Director Receives Equity Grant

First Mid Bancshares Director Robert S. Cook acquired 775 shares of common stock as an annual equity grant.

Summary

• Director Robert S. Cook of First Mid Bancshares, Inc. acquired 775 shares of common stock.
• The acquisition occurred on February 2, 2026, at a price of $43.58 per share.
• These shares were issued as part of an annual equity grant to directors.
• Following this transaction, Mr. Cook directly owns 17,797 shares and indirectly owns additional shares through various entities, including as custodian for children, through deferred compensation, an IRA, an LLC, and by spouse.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting routine director compensation and continued alignment of interests, without significant new information.

Positives

• Director Robert S. Cook received an annual equity grant of 775 shares, indicating continued alignment of director interests with shareholders.
• The grant price of $43.58 per share reflects the company's valuation at the time of the grant.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that director equity grants are a common practice in the banking industry, aligning executive and director incentives with long-term shareholder value. This particular grant to a director of a regional bank like First Mid Bancshares is consistent with typical compensation structures aimed at retaining experienced leadership.

Comparison to Industry Standards

• Annual equity grants to directors are a standard practice across the financial services industry, including regional banks similar to First Mid Bancshares.
• The size of the grant (775 shares) and the price ($43.58) would typically be evaluated against peer group compensation data for directors at institutions of comparable asset size and market capitalization, such as Old National Bancorp (ONB) or Wintrust Financial Corporation (WTFC), to assess competitiveness and alignment with best practices.

Related Party Transactions

• The acquisition of 775 shares by Director Robert S. Cook as an annual equity grant constitutes a related party transaction, which is a standard form of director compensation.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's interests with shareholders, potentially encouraging decisions that enhance long-term stock value.

Key Dates

Recommendation

This Form 4 reports a routine annual equity grant to a director, which is an expected part of compensation and does not provide new material information to warrant a change in investment recommendation. It indicates continued alignment of director interests with shareholders but does not suggest a significant shift in the company's fundamentals or outlook.

Keywords

First Mid Bancshares, FMBH, Robert S. Cook, Director, Equity Grant, Insider Transaction, Form 4, Stock Acquisition, Beneficial Ownership