Form 4: First Mid Bancshares EVP Acquires Shares

Sentiment:

Insider Transaction Report 3 October 2025 11:21 AM

📋All filings for First Mid Bancshares, INC

First Mid Bancshares' EVP, Chief Lending Officer Eric S. McRae, acquired 95.7706 shares of common stock through a planned deferred compensation purchase.

Summary

Eric S. McRae, Executive Vice President and Chief Lending Officer of FIRST MID BANCSHARES, INC. (FMBH), acquired 95.7706 shares of common stock.
The acquisition occurred on October 2, 2025, at a price of $37.0769 per share, totaling approximately $3,550.00.
The shares were acquired via a planned quarterly purchase under the Company's Deferred Compensation Plan.
Following this transaction, Mr. McRae beneficially owns a total of 46,766.9286 shares of common stock.
This total beneficial ownership includes 8,015.7047 shares indirectly through the Deferred Compensation Plan, 31,648.111 shares directly, 4,501.2901 shares indirectly through a 401k Plan, and 2,601.8228 shares indirectly through an IRA.
No changes in beneficial ownership of derivative securities (convertible preferred stock or stock options) were reported in this filing, with all derivative holdings showing 0 shares beneficially owned following the reported transaction.

Sentiment

Score: 6

Explanation: The filing reports a routine, planned acquisition of common stock by a key executive through a deferred compensation plan, which is a neutral to slightly positive signal of continued insider investment and alignment with company performance.

Positives

The acquisition of shares by a key executive, even if planned, demonstrates continued insider investment and alignment with shareholder interests.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

The shares were acquired via the planned quarterly purchase under the Company's Deferred Compensation Plan.

Industry Context

This is a routine insider transaction filing (Form 4) for a financial institution executive, reflecting a planned acquisition of company stock. Such transactions are common and typically do not indicate significant shifts in broader industry trends.

Related Party Transactions

The acquisition of shares occurred through the Company's Deferred Compensation Plan, which is an arrangement between the executive and the company.

Stakeholder Impact

Shareholders may view the executive's continued investment as a positive sign of confidence in the company's future prospects.

Next Steps

Continued participation in the company's Deferred Compensation Plan for future planned acquisitions.

Key Dates

Date	Description
01/01/2005	Start date for exercisability of stock options granted on 12/16/2013 (first of four equal annual installments).
01/01/2006	Start date for exercisability of stock options granted on 12/14/2014 (first of four equal annual installments).
01/01/2007	Grant date for stock options with an exercise price of $12.11.
01/01/2009	Start date for exercisability of stock options granted on 12/11/2017 (first of four equal annual installments).
01/01/2010	Start date for exercisability of stock options granted on 12/16/2018 (first of four equal annual installments).
12/16/2012	Expiration date for stock options granted on 01/01/2007.
12/16/2013	Grant date for stock options with an exercise price of $20.67.
12/14/2014	Grant date for stock options with an exercise price of $27.33.
12/11/2017	Grant date for stock options with an exercise price of $26.1.
12/16/2018	Grant date for stock options with an exercise price of $23.
10/02/2025	Date of common stock acquisition by Eric S. McRae.
10/03/2025	Signature date of the reporting person's attorney-in-fact.

Recommendation

hold

This Form 4 reports a routine, planned acquisition of shares by an executive through a deferred compensation plan. While it indicates continued insider investment, it does not present new information significant enough to alter an existing investment thesis or warrant a change in recommendation.

Keywords

FIRST MID BANCSHARES, FMBH, Insider Transaction, Form 4, Stock Acquisition, Deferred Compensation Plan, Eric S. McRae, Chief Lending Officer, Common Stock

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