Form 4: First Mid Bancshares Executive Sells Shares for Tax

First Mid Bancshares EVP, Chief Credit Officer Megan E. McElwee disposed of 411 shares of common stock to cover tax obligations related to vested restricted stock.

Summary

• Megan E. McElwee, EVP, Chief Credit Officer of FIRST MID BANCSHARES, INC. (FMBH), reported a transaction on December 15, 2025.
• The transaction involved the disposition of 411 shares of common stock at a price of $42.29 per share.
• These shares were withheld to satisfy income tax withholding obligations in connection with vested restricted stock.
• Following this transaction, Ms. McElwee beneficially owns 5,761.649 shares of common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine disposition of shares by an executive to cover tax obligations upon the vesting of restricted stock, which is a standard and expected event in executive compensation and has a neutral impact on company sentiment.

Positives

• The transaction indicates the vesting of restricted stock, which is a positive for the executive as it represents earned compensation and aligns executive interests with company performance.

Negatives

• The disposition of shares, even for tax purposes, results in a slight reduction of the executive's direct equity ownership in the company.

Future Outlook

N/A

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, not indicative of broader industry trends or specific company performance beyond the standard operation of its compensation plans.

Comparison to Industry Standards

• The disposition of shares to cover tax obligations upon restricted stock vesting is a standard practice for executives in publicly traded companies, aligning with common compensation and tax management protocols across the financial services industry.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a small, routine, non-discretionary transaction for tax purposes related to executive compensation.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an executive to cover tax obligations upon the vesting of restricted stock. Such a transaction is a standard part of executive compensation and tax management and does not typically provide new information that would alter an investment recommendation for the company.

Keywords

FMBH, First Mid Bancshares, insider transaction, Form 4, executive compensation, restricted stock, tax withholding, stock disposition