First Merchants Corp (FRME) CRO stock grant and tax-share disposition detailed

Rhea-AI Filing Summary

FIRST MERCHANTS CORP reported mixed equity transactions for Chief Risk Officer Eva D. Scurlock. On August 3, 2026, she received a grant of 4,000 shares of common stock at $43.63 per share, with a footnote stating this amends a previously reported award amount. A separate August 2, 2026 transaction shows 224 shares of common stock at $43.14 per share delivered or withheld for payment of exercise price or tax liability. A footnote also states that her direct holdings include Restricted Stock Awards totaling 5,479.470 shares.

Insider Trade Summary

Net Buyer: 3,776 shares

Net Buy 2 txns

Insider Scurlock Eva D.

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	4,000	$43.63	$175K
Exercise Price or Tax Liability	Common Stock	224	$43.14	$10K

Holdings After Transaction: Common Stock — 31,522.549 shares (Direct)

Footnotes (2)

1. F1. Amended for corrected number of shares awarded
2. F2. Includes Restricted Stock Awards totaling 5,479.470 shares.

Key Figures

Stock grant: 4,000 shares Grant price: $43.63 per share Tax/exercise payment shares: 224 shares +2 more

5 metrics

Stock grant 4,000 shares Common stock granted to Chief Risk Officer on August 3, 2026

Grant price $43.63 per share Price associated with 4,000-share common stock grant

Tax/exercise payment shares 224 shares Shares delivered or withheld for exercise price or tax liability on August 2, 2026

Tax/exercise price $43.14 per share Price for 224-share payment of exercise price or tax liability

Restricted Stock Awards 5,479.470 shares Restricted Stock Awards included in Eva D. Scurlock’s direct holdings

Key Terms

Restricted Stock Awards, Payment of exercise price or tax liability, Grant, award, or other acquisition

3 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 5,479.470 shares."

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

Payment of exercise price or tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

Grant, award, or other acquisition financial

"transaction code description Grant, award, or other acquisition"

FAQ

What did FRME’s Chief Risk Officer acquire in this Form 4/A filing?

Eva D. Scurlock received a grant of 4,000 shares of FIRST MERCHANTS CORP common stock at $43.63 per share. A footnote notes this filing amends the previously reported number of shares awarded under this grant.

What does the 224-share transaction mean in FRME’s Form 4/A?

The 224 shares of common stock at $43.14 per share were delivered or withheld to pay an exercise price or tax liability. This is coded “F,” indicating a non-market disposition tied to option exercise or tax obligations.

How many restricted stock awards does Eva D. Scurlock hold at FRME?

A footnote states that Eva D. Scurlock’s holdings include Restricted Stock Awards totaling 5,479.470 shares. This figure reflects restricted stock within her direct ownership and is separate from the newly granted 4,000-share award.

Is the Form 4/A for FRME correcting an earlier report?

Yes. A footnote explicitly says the filing is amended for corrected number of shares awarded, indicating the 4,000-share grant amount updates or corrects a previously disclosed grant to Eva D. Scurlock.

Were FRME insider transactions made under a Rule 10b5-1 plan?

The filing’s plan-status indicator is unchecked, and no footnote references a Rule 10b5-1 trading plan. The transactions, a stock grant and related tax or exercise-price share delivery, are therefore not identified as plan-based.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/12/2026 - 12:14 PM Accepted by SEC EDGAR 08/12/2026 - 12:12 PM Learn about SEC filing dates

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^*

Scurlock Eva D.

(Last) (First) (Middle)

200 EAST JACKSON ST

(Street)

MUNCIE INDIANA 47305

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2026

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)
08/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/02/2026		F		224	D	$43.14	27,522.549	D
Common Stock	08/03/2026		A		4,000(1)	A	$43.63	31,522.549(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Amended for corrected number of shares awarded

2. Includes Restricted Stock Awards totaling 5,479.470 shares.

Remarks:

	Paul Cento (Confirming Statement on File)	08/12/2026
	** 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)