Form 4: First Mid Bancshares Executive Sells Shares for Tax

First Mid Bancshares EVP, Chief Lending Officer Eric S. McRae disposed of 844 shares of common stock to cover tax obligations related to vested restricted stock.

Summary

• Eric S. McRae, EVP, Chief Lending Officer of First Mid Bancshares, Inc. (FMBH), reported a transaction on December 15, 2025.
• The transaction involved the disposition of 844 shares of common stock at a price of $42.29 per share.
• These shares were withheld to satisfy income tax withholding obligations associated with the vesting of restricted stock.
• Following this transaction, Mr. McRae directly owns 30,829.9897 shares of common stock.
• Indirect beneficial ownership includes 4,530.2476 shares via a 401k Plan, 8,067.2847 shares via a Deferred Compensation Plan, and 2,601.9277 shares via an IRA.

Sentiment

Score: 5

Explanation: The filing reports a routine disposition of shares by an executive to cover tax obligations upon restricted stock vesting, which is a standard compensation event and does not indicate a significant positive or negative sentiment regarding the company's performance or outlook.

Positives

• The vesting of restricted stock indicates the achievement of performance or tenure conditions, aligning executive interests with shareholder value.

Negatives

• The disposition of shares, even for tax purposes, reduces the executive's direct equity stake.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This transaction is a routine executive compensation event, specifically the disposition of shares to cover tax liabilities upon restricted stock vesting. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction represents a minor, routine disposition of shares for tax purposes, which is a standard part of executive compensation and does not significantly impact shareholder value. The underlying vesting of restricted stock can be viewed positively as it often aligns executive incentives with company performance.

Key Dates

Recommendation

The filing details a routine executive stock transaction for tax withholding purposes upon restricted stock vesting. This type of transaction is a standard part of executive compensation and does not provide new information that would warrant a change in investment recommendation for First Mid Bancshares, Inc. (FMBH).

Keywords

FMBH, First Mid Bancshares, Eric S. McRae, Form 4, insider trading, executive compensation, stock sale, restricted stock, tax withholding