Form 4: FMBH EVP McRae Receives 3,850 Shares in Incentive Plan

First Mid Bancshares EVP Eric S. McRae was awarded 3,850 shares of common stock on February 2, 2026, as part of the company's Long Term Incentive Plan.

Summary

• Eric S. McRae, EVP and Chief Lending Officer of First Mid Bancshares, Inc. (FMBH), acquired 3,850 shares of common stock.
• The transaction occurred on February 2, 2026, at a price of $43.58 per share.
• These shares were awarded under the Company's Long Term Incentive Plan.
• The shares will vest in three equal annual installments, beginning on December 15, 2026.
• Following this transaction, Mr. McRae directly owns 34,679.9897 shares.
• Indirect beneficial ownership includes 4,530.2476 shares via a 401k Plan, 8,172.0263 shares via a Deferred Compensation Plan, and 2,601.9277 shares via an IRA.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as it indicates executive alignment with long-term company performance through equity ownership and a standard compensation practice.

Positives

• The award of shares under a Long Term Incentive Plan aligns executive interests with shareholder value creation.
• The vesting schedule encourages long-term commitment and performance from the EVP.

Negatives

• The shares are subject to a vesting schedule, meaning they are not immediately available to the executive.

Risks

• Market value fluctuations could impact the ultimate value of the awarded shares upon vesting.

Future Outlook

The awarded shares are subject to a vesting schedule, with one-third vesting annually starting December 15, 2026, indicating a future commitment and incentive structure for the executive.

Industry Context

StockSavvy.ai notes that long-term incentive plans, often involving restricted stock awards with vesting schedules, are a common practice in the banking sector to retain key executives and align their performance with shareholder interests. This type of award is consistent with industry standards for executive compensation, aiming to foster stability and growth.

Comparison to Industry Standards

• The use of a Long Term Incentive Plan (LTIP) with a multi-year vesting schedule is a standard practice in the financial services industry, comparable to structures seen at regional banks like Old National Bancorp (ONB) or Wintrust Financial Corporation (WTFC), which also utilize equity awards to incentivize executive performance and retention.
• The vesting schedule of 1/3 each year beginning approximately 10 months after the award date is typical for such plans, ensuring a sustained commitment from the executive over several years, similar to vesting schedules observed in executive compensation packages at peer institutions.

Stakeholder Impact

• Shareholders: The award aligns the interests of a key executive with shareholders, potentially leading to better long-term performance.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• The awarded shares will begin vesting on December 15, 2026, with one-third vesting annually thereafter.

Key Dates

Keywords

FMBH, First Mid Bancshares, Eric S. McRae, Insider Transaction, Form 4, Executive Compensation, Stock Award, Long Term Incentive Plan, Common Stock, Banking