Form 4: First Mid Bancshares Executive Increases Common Stock Holdings Through Deferred Compensation Plan
Insider Transaction Report
Eric S. McRae, EVP and Chief Lending Officer of First Mid Bancshares, Inc., acquired additional common stock through a planned purchase under the company's Deferred Compensation Plan.
Summary
- Eric S. McRae, the Executive Vice President and Chief Lending Officer of First Mid Bancshares, Inc. (FMBH), reported a transaction on July 2, 2025.
- Mr. McRae acquired 105.9295 shares of FMBH Common Stock at a price of $38.966 per share.
- This acquisition was a planned quarterly purchase executed under the Company's Deferred Compensation Plan.
- Following this transaction, Mr. McRae's total beneficial ownership of Common Stock stands at 46,570.2315 shares, held directly and indirectly through a Deferred Compensation Plan, 401k Plan, and IRA.
- No derivative securities, including Series B and Series C Convertible Preferred Stock or various stock options, are beneficially owned by Mr. McRae following this reported transaction.
Sentiment
Score: 7
Explanation: The acquisition of shares by an executive, even through a deferred compensation plan, generally indicates confidence in the company. While not a direct open-market purchase, it still represents an increase in insider ownership.
Positives
- An executive increasing their stake in the company, even through a deferred compensation plan, can signal confidence in the company's future performance and alignment with shareholder interests.
- The acquisition was part of a planned quarterly purchase, indicating a systematic and routine investment approach by the executive.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders may view the executive's increased ownership as a positive signal of management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 01/01/2005 | Start date for options exercisable in four equal annual installments. |
| 01/01/2006 | Start date for options exercisable in four equal annual installments. |
| 01/01/2007 | Date exercisable for a stock option with exercise price $12.11. |
| 01/01/2009 | Start date for options exercisable in four equal annual installments. |
| 01/01/2010 | Start date for options exercisable in 4 equal annual installments. |
| 12/16/2012 | Expiration date for a stock option with exercise price $12.11. |
| 12/16/2013 | Date exercisable for a stock option with exercise price $20.67. |
| 12/14/2014 | Date exercisable for a stock option with exercise price $27.33. |
| 12/11/2017 | Date exercisable for a stock option with exercise price $26.1. |
| 12/16/2018 | Date exercisable for a stock option with exercise price $23. |
| 07/02/2025 | Date of the reported common stock acquisition transaction. |
| 07/03/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
First Mid Bancshares, FMBH, Eric S. McRae, Insider Transaction, Form 4, Deferred Compensation Plan, Common Stock, Executive Ownership, Financial Services, Banking
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.