Form 4: First Mid Bancshares EVP McRae Acquires Shares Through Deferred Compensation Plan

Eric S. McRae, EVP and Chief Lending Officer of First Mid Bancshares, acquired shares of common stock through the company's Deferred Compensation Plan on October 2, 2024.

Summary

• On October 2, 2024, Eric S. McRae, the EVP and Chief Lending Officer of First Mid Bancshares, acquired shares of the company's common stock.
• The acquisition was made through a planned quarterly purchase under the company's Deferred Compensation Plan.
• Mr. McRae acquired 92.7901 shares at a price of $37.374 per share.
• Following the transaction, Mr. McRae directly owns 28,470.4703 shares of common stock.
• He also indirectly owns 7,410.1502 shares through a Deferred Compensation Plan, 4,390.8197 shares through a 401k Plan, and 2,601.422 shares through an IRA.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and the acquisition of shares by an executive is generally viewed as a slightly positive sign, but not significantly so.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. Executives often receive stock options or participate in stock purchase plans as part of their compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company executive.

Key Dates