Form 4: Matthew K. Smith Increases Stake in First Mid Bancshares

President Matthew K. Smith acquired 65.084 shares of First Mid Bancshares, Inc. common stock via a deferred compensation plan.

Summary

• Matthew K. Smith, President of First Mid Bancshares, Inc., acquired 65.084 shares of common stock.
• The transaction occurred on April 2, 2026, at a price of $41.15 per share.
• The acquisition was executed through the company's Deferred Compensation Plan.
• Following this transaction, the reporting person holds 2,134.6832 shares indirectly through the plan and 22,653 shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding insider equity ownership.

Positives

• Insider demonstrates continued commitment to the company through ongoing participation in the deferred compensation plan.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

Not applicable as this is a routine insider transaction filing.

Industry Context

StockSavvy.ai notes that routine insider acquisitions via deferred compensation plans are standard corporate governance practices and generally reflect management's alignment with long-term shareholder interests in the regional banking sector.

Comparison to Industry Standards

• The transaction is consistent with standard executive compensation and equity accumulation practices observed in regional financial institutions.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, small-scale acquisition.

Next Steps

• None indicated.

Key Dates

Keywords

First Mid Bancshares, FMBH, Insider Trading, Form 4, Deferred Compensation, Banking