First Mid Bancshares (FMBH) director adds shares through deferred comp plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST MID BANCSHARES, INC. director Mary Westerhold reported updated holdings of common stock, including a routine compensation-related acquisition. She received 272.8186 shares at $48.7864 per share through a planned quarterly purchase under the Company's Deferred Compensation Plan, a non-market grant classified as an award or other acquisition.
After this transaction, her Deferred Compensation Plan account holds 15,638.6831 shares indirectly. The Form 4 also lists multiple indirect positions through trusts, LLCs, and retirement accounts, plus 3,675 shares held directly, with several entries reflecting holdings or transactions not required to be reported under Section 16.
Positive
- None.
Negative
- None.
Insights
Routine deferred compensation share accrual with updated indirect holdings.
Director Mary Westerhold acquired 272.8186 shares of FIRST MID BANCSHARES, INC. common stock at $48.7864 per share via a planned quarterly purchase under the company's Deferred Compensation Plan. This is a compensation mechanism, not an open-market trade.
The filing also updates her direct and indirect holdings, including shares held by trusts, LLCs, and retirement accounts, with some entries noted as not required under Section 16. Overall, this appears to be routine reporting and compensation accrual rather than a directional bet on the stock.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Westerhold Mary
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 272.819 | $48.7864 | $13K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,638.683 shares (Indirect, By Deferred Compensation Plan);
Common Stock — 3,675 shares (Direct, null)
Footnotes (1)
- The shares were acquired via the planned quarterly purchase under the Company's Deferred Compensation Plan. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended The reporting person is a co-manager of the LLC. The reporting person is a co-trustee of these trusts, and the members of her immediate family are beneficiaries of the trusts. The reporting person disclaims beneficial ownership of the common stock held by the trusts except to the extent of her pecuniary interest therein.
Key Figures
Deferred comp acquisition: 272.8186 shares
Plan purchase price: $48.7864 per share
Deferred comp holdings: 15,638.6831 shares
+5 more
8 metrics
Deferred comp acquisition
272.8186 shares
Grant/award acquisition under Deferred Compensation Plan on 2026-07-02
Plan purchase price
$48.7864 per share
Price for Deferred Compensation Plan acquisition on 2026-07-02
Deferred comp holdings
15,638.6831 shares
Indirect holdings by Deferred Compensation Plan after transaction
Direct holdings
3,675 shares
Directly held common stock after reported holdings update
Trusts 1 holdings
45,892 shares
Indirect ownership by Trusts 1 after holdings entry
Trusts 2 holdings
16,454 shares
Indirect ownership by Trusts 2 after holdings entry
LLC 3 holdings
129,869 shares
Indirect ownership by LLC 3 after holdings entry
IRA holdings
1,960 shares
Indirect ownership by IRA after holdings entry
Key Terms
Deferred Compensation Plan, Section 16, co-manager, co-trustee, +2 more
6 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.
Section 16 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
co-manager financial
"The reporting person is a co-manager of the LLC."
A co-manager is one of several investment banks or brokerage firms that work together to sell a company's new stock or bond offering to investors. Think of them as teammates who help market, allocate and distribute the securities; their involvement can broaden buyer reach, share risk and affect how quickly and smoothly the offering is sold, which matters to investors because it can influence price stability and availability of shares or bonds.
co-trustee financial
"The reporting person is a co-trustee of these trusts, and the members of her immediate family are beneficiaries"
pecuniary interest financial
"The reporting person disclaims beneficial ownership of the common stock held by the trusts except to the extent of her pecuniary interest therein."
IRA financial
"By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What are Mary Westerhold’s deferred compensation holdings in FMBH after this transaction?
Following the reported acquisition, Westerhold’s Deferred Compensation Plan account holds 15,638.6831 shares of FIRST MID BANCSHARES common stock indirectly. This balance reflects the new 272.8186-share quarterly purchase at $48.7864 per share combined with previously accumulated plan holdings disclosed in the Form 4 filing.
Does the Form 4 show direct and indirect ownership for Westerhold in FMBH stock?
Yes, the filing shows 3,675 shares held directly, plus several indirect positions. Indirect holdings include shares held by trusts, multiple LLCs, an IRA, a Deferred Compensation Plan account, and a spouse’s IRA account, providing a detailed breakdown of her various ownership channels in FIRST MID BANCSHARES stock.
What do the Form 4 footnotes say about Westerhold’s FMBH transactions?
Footnotes state the shares were acquired through a planned quarterly purchase under the Deferred Compensation Plan and that some entries reflect transactions not required under Section 16. They also explain her roles as co-manager of an LLC and co-trustee of certain trusts holding FIRST MID BANCSHARES shares.