Form 4: FSFG CEO Sells Shares Post-Merger Vesting Acceleration

First Savings Financial Group CEO Larry W. Myers disposed of 3,763 shares of common stock following accelerated vesting due to the merger with First Merchants Corporation.

Summary

• Larry W. Myers, President & CEO and Director of First Savings Financial Group, Inc. (FSFG), reported a transaction involving the disposal of common stock.
• On January 20, 2026, 3,763 shares of FSFG Common Stock were disposed of at a price of $31.85 per share.
• The transaction code 'F' indicates the disposal was likely for tax withholding purposes related to the vesting of equity awards.
• The vesting of various restricted stock awards and stock options was accelerated due to the Agreement and Plan of Merger between First Savings Financial Group, Inc. and First Merchants Corporation.
• Following the transaction, Myers directly owns 97,362 shares of Common Stock.
• Indirect ownership includes 211,853 shares via a 401(k), 31,022 shares via an ESOP, and 84,687 shares via a Spouse's IRA.
• Myers also holds 18,303 stock options with exercise prices ranging from $15.10 to $29.00, all of which had their vesting accelerated due to the merger agreement.

Sentiment

Score: 5

Explanation: Neutral, as this is a mandatory disclosure of an insider transaction, primarily for tax purposes related to a merger, not an operational or financial performance update.

Positives

• The vesting of restricted stock and stock options was accelerated for the reporting person due to the merger agreement, providing immediate liquidity or ownership.

Negatives

• The reporting person disposed of 3,763 shares of common stock, reducing their direct ownership.

Future Outlook

The company is undergoing a merger with First Merchants Corporation, which has led to the acceleration of vesting for executive equity awards, indicating a significant corporate transition.

Industry Context

This transaction occurs within the context of consolidation in the banking sector, where mergers and acquisitions are common strategies for growth and market expansion. The acceleration of executive equity vesting is a typical provision in such merger agreements.

Comparison to Industry Standards

• The acceleration of equity vesting due to a merger agreement is a common practice in corporate transactions, aligning executive incentives with the completion of the deal and providing clarity on executive compensation post-merger.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock transactions and the underlying merger event.
• Management: The acceleration of vesting benefits the executive by making equity awards immediately exercisable or owned.

Next Steps

• Completion of the merger between First Savings Financial Group, Inc. and First Merchants Corporation.

Key Dates

Keywords

FSFG, First Savings Financial Group, Larry W. Myers, insider transaction, Form 4, stock options, restricted stock, merger, First Merchants Corporation, executive compensation