Form 4: First Mid Bancshares Executive Acquires Shares Through Incentive Plan

Jeremy R. Frieburg, SVP and Chief Information Officer of First Mid Bancshares, acquired 1,815 shares of common stock through a long-term incentive plan.

Summary

• Jeremy R. Frieburg, a Senior Vice President and Chief Information Officer at First Mid Bancshares, acquired 1,815 shares of common stock on January 27, 2025.
• The shares were acquired through the company's Long Term Incentive Plan at a price of $38.96 per share.
• Following the transaction, Mr. Frieburg directly owns 2,492 shares of First Mid Bancshares common stock.
• The acquired shares will vest in three equal installments, starting on December 15, 2025.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a positive alignment of interests between management and shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a company executive demonstrates confidence in the company's future performance.
• The vesting schedule of the shares aligns the executive's interests with the long-term success of the company.

Future Outlook

The acquired shares will vest over three years, starting December 15, 2025, which suggests a long-term commitment from the executive.

Industry Context

This type of stock acquisition through an incentive plan is common practice for publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Many financial institutions use long-term incentive plans to reward and retain key executives.
• The vesting schedule of three years is a typical timeframe for such plans.
• The acquisition price of $38.96 per share is reflective of the current market value of the stock at the time of the transaction.

Stakeholder Impact

• The stock acquisition by an executive may be viewed positively by shareholders as it aligns management's interests with the company's performance.

Key Dates

Keywords

First Mid Bancshares, FMBH, insider trading, stock acquisition, incentive plan, executive compensation, share ownership, vesting