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

Jeremy R. Frieburg, SVP and Chief Information Officer of First Mid Bancshares, sold 73 shares of common stock to cover income tax withholding obligations.

Summary

• Jeremy R. Frieburg, a Senior Vice President and Chief Information Officer at First Mid Bancshares, sold 73 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 satisfy income tax withholding obligations related to the vesting of restricted stock.
• Following the transaction, Mr. Frieburg directly owns 677 shares of First Mid Bancshares stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of 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

• Sales of shares by executives to cover tax obligations are a common practice across the industry.
• Many companies use restricted stock as part of executive compensation packages, leading to similar transactions when vesting occurs.
• The number of shares sold and the price are specific to this individual and company, but the underlying reason is a standard practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive for tax purposes.

Key Dates

Keywords

First Mid Bancshares, FMBH, insider trading, stock sale, executive, Form 4, tax obligations, restricted stock, Jeremy R. Frieburg, Chief Information Officer