Form 4: First Mid Bancshares HR Chief's Stock Withholding

First Mid Bancshares' SVP, Chief Human Resources Officer, Rhonda G. Gatons, reported a routine disposition of 456 common shares to cover tax obligations from vested restricted stock.

Summary

• Rhonda G. Gatons, SVP, Chief Human Resources Officer of First Mid Bancshares, Inc. (FMBH), reported a transaction on December 15, 2025.
• The transaction involved the disposition of 456 shares of common stock at a price of $42.29 per share.
• These shares were withheld to satisfy income tax withholding obligations related to the vesting of restricted stock.
• Following this transaction, Ms. Gatons directly owns 9,494 shares of common stock and indirectly owns 1,271.3469 shares through a 401k Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (tax withholding for vested restricted stock) by an insider, which is neutral in terms of company performance or outlook.

Positives

• The transaction is a routine tax withholding event, indicating the vesting of restricted stock, which is a form of compensation.

Negatives

• No specific negative aspects are identified as this is a routine tax withholding transaction.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

This routine insider transaction, a tax withholding related to vested restricted stock, is common across all industries for executives receiving equity compensation. It does not indicate any specific industry trends or competitive positioning for First Mid Bancshares, Inc.

Comparison to Industry Standards

• This type of transaction (shares withheld for tax obligations upon vesting of restricted stock) is a standard practice for executive compensation plans across publicly traded companies.
• It aligns with typical industry benchmarks for managing equity awards and associated tax liabilities, similar to practices seen at regional banks like Old National Bancorp (ONB) or Wintrust Financial Corporation (WTFC).

Management Changes

Corporate Governance

Legal Proceedings

• No litigation or regulatory matters are mentioned in this Form 4 filing.

Related Party Transactions

• No related party dealings beyond the executive's compensation-related stock vesting are disclosed.

Stakeholder Impact

• The impact on shareholders is minimal as this is a routine, non-discretionary transaction related to executive compensation.
• Employees are not directly impacted by this specific filing, though it reflects standard executive compensation practices.
• Customers, suppliers, and creditors are not directly impacted by this insider transaction.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Keywords

First Mid Bancshares, FMBH, Rhonda G. Gatons, SEC Form 4, Insider Transaction, Stock Withholding, Restricted Stock, Tax Obligation, Corporate Officer