Form 4: First Mid Bancshares SVP, Chief Risk Officer Acquires Shares Under Long Term Incentive Plan

Jordan D. Read, SVP, Chief Risk Officer of First Mid Bancshares, acquired 2,420 shares of common stock at $38.96 per share under the company's Long Term Incentive Plan.

Summary

• On January 27, 2025, Jordan D. Read, the SVP, Chief Risk Officer of First Mid Bancshares, acquired 2,420 shares of common stock.
• The acquisition was part of an award under the company's Long Term Incentive Plan.
• The price per share was $38.96.
• Following the transaction, Mr. Read beneficially owns 7,753.8 shares of First Mid Bancshares common stock.
• The shares vest in three equal installments beginning on December 15, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. An executive acquiring shares under a pre-existing plan is generally a good sign, indicating confidence in the company's future. However, it's not a major event.

Positives

• The acquisition of shares by a high-ranking officer signals confidence in the company's future performance.
• The Long Term Incentive Plan aligns management's interests with those of shareholders.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedule of the shares suggests a multi-year commitment from the executive.

Industry Context

Insider transactions are closely monitored in the financial industry as they can provide insights into management's perspective on the company's prospects. Acquisitions are generally viewed more positively than disposals.

Stakeholder Impact

• The acquisition of shares by an executive can positively influence shareholder sentiment.
• The Long Term Incentive Plan can motivate employees to achieve company goals.

Key Dates