Form 4: First Mid Bancshares Director Westerhold Acquires Shares Through Deferred Compensation Plan

Director Mary Westerhold acquired 358.8907 shares of First Mid Bancshares through the company's Deferred Compensation Plan at a price of $37.374 per share.

Summary

• On October 2, 2024, Mary Westerhold, a director of First Mid Bancshares, Inc. (FMBH), acquired 358.8907 shares of common stock.
• The acquisition was made through the company's Deferred Compensation Plan at a price of $37.374 per share.
• Following the transaction, Westerhold directly owns 2,200 shares and indirectly owns a total of 261,275.6214 shares through various entities including a Deferred Compensation Plan (12,640.6214 shares), an IRA (1,960 shares), LLCs (186,323 shares), Spouse's IRA (45,892 shares) and Trusts (16,454 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction by a director through a pre-existing compensation plan. It doesn't indicate any major positive or negative outlook for the company.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals insider confidence.

Key Dates