Form 4: First Mid Bancshares Executive Sells Shares to Cover Tax Obligations

Eric S. McRae, EVP and Chief Lending Officer at First Mid Bancshares, sold 761 shares of common stock to cover income tax obligations related to vested restricted stock.

Summary

• Eric S. McRae, an executive at First Mid Bancshares, sold 761 shares of common stock on December 13, 2024.
• The sale was executed at a price of $41.23 per share.
• This transaction was to satisfy income tax withholding obligations related to vested restricted stock.
• Following the transaction, Mr. McRae directly owns 27,721.4186 shares of common stock.
• He also indirectly owns 4,415.9151 shares through a 401k plan, 7,452.5137 shares through a deferred compensation plan, and 2,601.5124 shares through an IRA.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the financial industry.
• Many executives at comparable financial institutions regularly file Form 4s to report similar transactions.
• The sale of 761 shares is not unusual for an executive at a company of First Mid Bancshares' size.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

First Mid Bancshares, FMBH, insider trading, executive stock sale, Form 4, Eric S. McRae, stock transaction, tax obligations