First Merchants Corp (FRME) Chief Risk Officer reports stock and options stake

Rhea-AI Filing Summary

First Merchants Corp’s new Chief Risk Officer, Eva A. Scurlock, has filed an initial ownership report showing her equity position in the company. She beneficially owns 23,290.128 shares of common stock, which includes 2,223.109 shares from restricted stock awards. She also holds employee stock options to buy 5,986 and 681 shares of common stock at an exercise price of $21.79 per share, expiring on February 18, 2026, and an additional 4,762 shares at $26.04 per share, expiring on February 15, 2028. All holdings are reported as directly owned.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Scurlock Eva A.

(Last) (First) (Middle)

200 EAST JACKSON ST

(Street)

MUNCIE IN 47305

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026

3. Issuer Name and Ticker or Trading Symbol
FIRST MERCHANTS CORP [ FRME ]

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	23,290.128(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option - Right to Buy	08/18/2016	02/18/2026	Common Stock	5,986	$21.79	D
Employee Stock Option - Right to Buy	02/18/2019	02/18/2026	Common Stock	681	$21.79	D
Employee Stock Option - Right to Buy	02/15/2021	02/15/2028	Common Stock	4,762	$26.04	D

Explanation of Responses:

1. Includes Restricted Stock Awards totaling 2,223.109 shares.

Remarks:

	Jacob Burkett (Confirming Statement on File)	01/14/2026
	** 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 5 (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.
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FAQ

What does the Form 3 filing for FRME disclose about Eva A. Scurlock?

The Form 3 shows that Eva A. Scurlock, Chief Risk Officer of First Merchants Corp, has reported her initial beneficial ownership of the company’s common stock and employee stock options, all held directly.

How many First Merchants Corp (FRME) common shares does Eva A. Scurlock beneficially own?

Eva A. Scurlock beneficially owns 23,290.128 shares of First Merchants Corp common stock, including 2,223.109 shares that come from restricted stock awards.

What restricted stock awards are included in Eva A. Scurlock’s FRME holdings?

The filing notes that her common stock total includes restricted stock awards totaling 2,223.109 shares, which are part of her overall 23,290.128 common shares.

What employee stock options does Eva A. Scurlock hold in First Merchants Corp (FRME)?

She holds three employee stock option grants, each giving a right to buy common stock: 5,986 shares and 681 shares at an exercise price of $21.79 per share, and 4,762 shares at $26.04 per share.

When do Eva A. Scurlock’s FRME stock options expire?

Her options for 5,986 and 681 shares expire on February 18, 2026, and her option for 4,762 shares expires on February 15, 2028.

Are Eva A. Scurlock’s FRME holdings reported as direct or indirect ownership?

All of Eva A. Scurlock’s reported holdings—both common stock and employee stock options—are listed with an ownership form of Direct (D), with no separate indirect ownership entities disclosed.