FMBH President adds shares via deferred plan

Q: Was the FMBH share acquisition by Matthew K. Smith an open-market trade?

The acquisition was not described as an open-market trade. The footnote states the shares were acquired via a planned quarterly purchase under the Company’s Deferred Compensation Plan, indicating a scheduled compensation-related credit rather than a discretionary market transaction.

FIRST MID BANCSHARES, INC.

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Form Type

Rhea-AI Filing Summary

FIRST MID BANCSHARES, INC. President Matthew K. Smith reported an indirect acquisition of common stock through a compensation arrangement. On April 2, 2026, an additional 65.0840 shares of common stock were credited at $41.15 per share under the Company’s Deferred Compensation Plan, described as a planned quarterly purchase. Following this transaction, indirect holdings in the plan increased to 2,134.6832 shares, while a separate line shows 22,653.0000 shares held directly as a baseline ownership figure.

Insider Trade Summary

Grant/Award: 65.084 shares

Grant/Award 2 txns

Insider SMITH MATTHEW K

Role President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	65.084	$41.15	$3K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,134.6832 shares (Indirect, By Deferred Compensation Plan); Common Stock — 22,653 shares (Direct)

Footnotes (1)

F1. The shares were acquired via the planned quarterly purchase under the Company's Deferred Compensation Plan.

Key Figures

Shares acquired: 65.0840 shares Acquisition price: $41.15 per share Indirect holdings after transaction: 2,134.6832 shares +1 more

4 metrics

Shares acquired 65.0840 shares Common Stock credited on April 2, 2026 under Deferred Compensation Plan

Acquisition price $41.15 per share Price for shares acquired on April 2, 2026

Indirect holdings after transaction 2,134.6832 shares Total common stock via Deferred Compensation Plan after acquisition

Direct holdings reported 22,653.0000 shares Common stock held directly, shown as a holdings entry

Key Terms

Deferred Compensation Plan, indirect ownership, grant/award acquisition, holding

4 terms

Deferred Compensation Plan financial

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

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

indirect ownership financial

"total_shares_following_transaction": "2134.6832", "direct_or_indirect": "I""

grant/award acquisition financial

""transaction_action": "grant/award acquisition""

holding financial

""transaction_type": "holding""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FMBH President Matthew K. Smith report?

Matthew K. Smith reported an acquisition of common stock through a compensation arrangement. On April 2, 2026, 65.0840 shares were credited to his account at $41.15 per share under the Company’s Deferred Compensation Plan, increasing his indirect holdings in that plan.

How many FMBH shares were acquired under the Deferred Compensation Plan?

The filing shows 65.0840 shares of FIRST MID BANCSHARES common stock were acquired. These shares were added through a planned quarterly purchase under the Company’s Deferred Compensation Plan, rather than an open-market trade, and are reported as indirect ownership.

What are Matthew K. Smith’s indirect FMBH holdings after this Form 4?

After the reported transaction, indirect holdings via the Deferred Compensation Plan total 2,134.6832 shares. This reflects the addition of 65.0840 shares credited on April 2, 2026, under the plan’s planned quarterly purchase mechanism described in the footnote.

How many FMBH shares does Matthew K. Smith hold directly?

The Form 4 shows 22,653.0000 shares of FIRST MID BANCSHARES common stock held directly. This line is presented as a holdings entry, not a new transaction, and represents his baseline direct ownership position as reported in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/06/2026 - 12:34 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMITH MATTHEW K

(Last)

(First)

(Middle)

1421 CHARLESTON AVE

(Street)

MATTOON

ILLINOIS

61938

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST MID BANCSHARES, INC. [ FMBH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/02/2026		A		65.084⁽¹⁾	A	$41.15	2,134.6832	I	By Deferred Compensation Plan
Common Stock								22,653	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

	/s/ Matthew K. Smith	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR