Form 4: First Mid Bancshares Director Reports Share Transfers

A Form 4 filing reveals First Mid Bancshares director Mary Westerhold's share transfers between trusts, resulting in no net change in her overall beneficial ownership.

Summary

• Mary Westerhold, a director at First Mid Bancshares, reported a transfer of 20,000 shares of common stock into her trust from her husband's trust on November 26, 2024.
• Simultaneously, 20,000 shares were transferred out of her husband's trust, resulting in no net change in her overall beneficial ownership.
• These transactions are exempt from Section 16 reporting requirements as they represent a change in the form of beneficial ownership.
• Ms. Westerhold's total beneficial ownership includes shares held directly, through various trusts, a deferred compensation plan, an IRA, and LLCs, as well as shares held by her spouse's IRA.
• The reported transactions occurred at a price of $42.6 per share.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of share transactions by a company director, which is a common occurrence in the financial industry and is required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors, who trade in their company's stock.
• The reporting requirements are consistent across all publicly traded companies in the United States.
• The transactions reported are typical of those made by insiders for estate planning or tax purposes.

Stakeholder Impact

• The share transfers have no direct impact on shareholders as they do not change the overall ownership of the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Share Transfer, First Mid Bancshares, Director, FMBH, Trusts, SEC Filing