First Merchants insider updates share holdings
FIRST MERCHANTS CORP director and First Vice President Larry W. Myers filed an amended Form 3 to update his common stock holdings after a 401k vendor conversion.
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Form Type
3/A
Rhea-AI Filing Summary
FIRST MERCHANTS CORP director and First Vice President Larry W. Myers filed an amended Form 3 to update his common stock holdings after a 401k vendor conversion. As of the reported date, he holds 114,491 shares directly, 71,983 shares through a spousal IRA, and 152,182.74 shares in a 401k plan.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Myers Larry W
Role
First Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 114,491 shares (Direct);
Common Stock — 152,182.74 shares (Indirect, 401k);
Common Stock — 71,983 shares (Indirect, Spousal IRA)
Footnotes (1)
- F1. Amended to correct the number of shares credited to the 401k account of the reporting person following the vendor conversion from First Savings Financial Group, Inc. to First Merchants Corporation in May 2026.
Key Figures
Direct common stock: 114,491 shares
Spousal IRA common stock: 71,983 shares
401k common stock: 152,182.74 shares
3 metrics
Direct common stock
114,491 shares
Direct ownership as of transaction date
Spousal IRA common stock
71,983 shares
Indirect ownership via spousal IRA as of transaction date
401k common stock
152,182.74 shares
Indirect ownership via 401k; corrected after vendor conversion
Key Terms
Spousal IRA, 401k, vendor conversion, Form 3/A
4 terms
Spousal IRA financial
"nature_of_ownership: "Spousal IRA""
401k financial
"nature_of_ownership: "401k""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
vendor conversion financial
"following the vendor conversion from First Savings Financial Group, Inc. to First Merchants Corporation"
Form 3/A regulatory
"Amended to correct the number of shares credited"
An amended Form 3 (Form 3/A) is a corrected or updated disclosure filed with regulators that revises an insider’s initial report of their ownership in a public company — typically for officers, directors or large shareholders. Investors use it like a corrected inventory list: it clarifies who owns how many shares and whether earlier reports had errors, helping assess insider confidence, possible conflicts and the accuracy of ownership records that can affect stock valuation and trust.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the FIRST MERCHANTS CORP (FRME) Form 3/A filing show?
The Form 3/A shows updated common stock holdings for Larry W. Myers. It corrects the number of shares credited to his 401k following a vendor conversion, and lists his direct and indirect ownership positions as of the reported date.
Why did Larry W. Myers amend his Form 3 for FIRST MERCHANTS (FRME)?
The amendment corrects the number of shares credited to his 401k account. A footnote explains this change followed a vendor conversion from First Savings Financial Group, Inc. to FIRST MERCHANTS CORP in May 2026, requiring an update to the reported holdings.
What indirect FIRST MERCHANTS (FRME) holdings are reported for Larry W. Myers?
He reports 71,983 shares held through a spousal IRA and 152,182.74 shares in a 401k plan. These positions are classified as indirect ownership and are disclosed separately from his directly owned common stock on the amended Form 3.
Does the FRME Form 3/A show insider buying or selling activity?
The Form 3/A functions as a holdings report and correction, not as a transaction record. It updates the share counts, particularly in the 401k account after a vendor conversion, without identifying specific purchases or sales in the transaction codes provided.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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