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

Amanda D. Lewis, EVP and Chief Deposit Officer at First Mid Bancshares, sold 508 shares of common stock to cover tax obligations related to vested restricted stock.

Summary

• Amanda D. Lewis, an executive at First Mid Bancshares, sold 508 shares of the company's common stock on December 13, 2024.
• The sale was executed at a price of $41.23 per share.
• This transaction was to cover income tax withholding obligations related to the vesting of restricted stock.
• Following the transaction, Ms. Lewis directly owns 7,594 shares of First Mid Bancshares common stock.
• She also indirectly owns 3,070.8254 shares through a 401K plan.

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 number of shares sold and the price are within the typical range for such transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

insider trading, stock sale, executive compensation, Form 4, FMBH, First Mid Bancshares, Amanda D. Lewis