Form 4: FMBH Director Acquires Shares via Deferred Plan

First Mid Bancshares Director Mary Westerhold increased her beneficial ownership by acquiring 360.9093 shares of common stock through a planned deferred compensation purchase.

Summary

• Mary Westerhold, a Director of FIRST MID BANCSHARES, INC. (FMBH), acquired 360.9093 shares of common stock.
• The acquisition occurred on October 2, 2025, at a price of $37.0769 per share.
• This transaction was a planned quarterly purchase under the Company's Deferred Compensation Plan.
• Following this transaction, Ms. Westerhold's total beneficial ownership includes 14,434.9835 shares indirectly held via the Deferred Compensation Plan, 1,960 shares indirectly via an IRA, 50,236 shares indirectly via LLC 1, 56,224 shares indirectly via LLC 2, 129,869 shares indirectly via LLC 3 (where she is a co-manager), 45,892 shares indirectly via Trusts 1, 16,454 shares indirectly via Trusts 2 (where she is a co-trustee), and 2,900 shares held directly.
• Transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934 are also reflected in the beneficial ownership totals.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if planned, generally reflects continued confidence in the company's performance and outlook, contributing to a moderately positive sentiment.

Positives

• A Director's acquisition of company stock, even if planned, generally signals confidence in the company's future prospects.
• The acquisition was part of a planned quarterly purchase under a deferred compensation plan, indicating a structured and long-term investment approach by the director.

Future Outlook

This filing does not provide forward-looking statements or guidance beyond the details of the reported transaction.

Management Comments

• The shares were acquired via the planned quarterly purchase under the Company's Deferred Compensation Plan.

Industry Context

Insider buying, even through a planned program, is often viewed by the market as a positive signal, suggesting that those with intimate knowledge of the company believe its stock is undervalued or has strong future prospects. This transaction is a routine disclosure of such an event.

Related Party Transactions

• The acquisition of shares was made through the Company's Deferred Compensation Plan, which is a standard employee benefit arrangement.
• Beneficial ownership is also reported through various LLCs and Trusts where the reporting person has management or trustee roles, indicating related party holdings for disclosure purposes.

Stakeholder Impact

• Shareholders may interpret the director's planned acquisition as a positive signal of management's continued belief in the company's value and future performance.

Key Dates

Keywords

FMBH, First Mid Bancshares, Insider Transaction, Form 4, Stock Acquisition, Director, Beneficial Ownership, Deferred Compensation Plan