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

Eric S. McRae, EVP and Chief Lending Officer at First Mid Bancshares, acquired shares through the company's Deferred Compensation Plan.

Summary

• Eric S. McRae, an executive at First Mid Bancshares, acquired 113.6424 shares of common stock on January 3, 2025.
• The shares were purchased at a price of $35.59 per share.
• The acquisition was made through the company's Deferred Compensation Plan.
• Following the transaction, Mr. McRae directly owns 27,721.4186 shares and indirectly owns 7,566.1561 shares through the Deferred Compensation Plan, 4,415.9151 shares through a 401k plan, and 2,601.5124 shares through an IRA.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive as it shows executive alignment with the company. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by an executive may indicate confidence in the company's future performance.

Industry Context

This is a routine filing related to executive compensation and is common in the financial services industry.

Comparison to Industry Standards

• Executive stock acquisitions through deferred compensation plans are a common practice in the banking industry.
• Many financial institutions use similar plans to align executive interests with shareholder value.
• The specific number of shares and price are unique to this transaction but the mechanism is standard.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates executive confidence in the company.

Key Dates

Keywords

First Mid Bancshares, FMBH, insider trading, executive compensation, deferred compensation, stock acquisition, Form 4, Eric S. McRae