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

Jason M. Crowder, SVP and General Counsel at First Mid Bancshares, sold 380 shares of common stock to cover income tax withholding obligations.

Summary

• Jason M. Crowder, a Senior Vice President and General Counsel at First Mid Bancshares, sold 380 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. Crowder directly owns 7,783.4408 shares and indirectly owns 8,619.939 shares through a Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document describes a routine transaction for tax purposes, which is neither positive nor negative for the company's overall outlook.

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.
• Similar transactions are regularly reported by executives at comparable financial institutions.
• The number of shares sold and the price are consistent with typical transactions of this nature.

Stakeholder Impact

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

Key Dates

Keywords

First Mid Bancshares, FMBH, insider trading, stock sale, executive, Jason M. Crowder, tax withholding, restricted stock