FIRST MERCHANTS director sells 5,000 FRME shares
FIRST MERCHANTS CORP director and officer Larry W. Myers reported an open-market sale of 5,000 shares of common stock at $41.50 per share on February 26, 2026.
Rhea-AI Filing Summary
FIRST MERCHANTS CORP director and officer Larry W. Myers reported an open-market sale of 5,000 shares of common stock at $41.50 per share on February 26, 2026. After this sale, he directly held 109,491 common shares.
The filing also reports indirect holdings, including 152,182.74 shares credited to his 401k account and 71,983 shares held in a spousal IRA. A footnote explains the amendment corrects the number of shares credited to the 401k account following a vendor conversion from First Savings Financial Group, Inc. to First Merchants Corporation in May 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares
Net Sell
3 txns
Insider
Myers Larry W
Role
First Vice President
Sold
5,000 shs ($208K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $41.50 | $208K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 109,491 shares (Direct);
Common Stock — 71,983 shares (Indirect, Spousal IRA);
Common Stock — 152,182.74 shares (Indirect, 401k)
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
Shares sold: 5,000 shares
Sale price: $41.50 per share
Direct holdings after sale: 109,491 shares
+2 more
5 metrics
Shares sold
5,000 shares
Open-market sale on February 26, 2026
Sale price
$41.50 per share
Common stock transaction price
Direct holdings after sale
109,491 shares
Common stock held directly post-transaction
401k holdings
152,182.74 shares
Common stock credited to 401k account
Spousal IRA holdings
71,983 shares
Common stock held in spousal IRA
Key Terms
open-market sale, 401k, Spousal IRA, indirect ownership, +1 more
5 terms
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
401k financial
"number of shares credited to the 401k account of the reporting person"
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.
Spousal IRA financial
"nature_of_ownership": "Spousal IRA""
indirect ownership financial
"ownership_type": "indirect""
Form 4/A regulatory
"INSIDER FILING DATA (Form 4/A)"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Larry W. Myers report at FIRST MERCHANTS CORP (FRME)?
Larry W. Myers reported selling 5,000 shares of FIRST MERCHANTS CORP common stock in an open-market transaction at $41.50 per share. This Form 4/A reflects that sale and provides updated post-transaction share holdings across his direct and indirect accounts.
What indirect FIRST MERCHANTS CORP (FRME) holdings are reported for Larry W. Myers?
The Form 4/A shows 152,182.74 FIRST MERCHANTS CORP shares credited to Larry W. Myers’ 401k account and 71,983 shares held in a spousal IRA. These positions are reported as indirect ownership, separate from his directly held common stock.
Why was this FIRST MERCHANTS CORP (FRME) Form 4/A filing amended?
The Form 4/A was amended to correct the number of FIRST MERCHANTS CORP shares credited to Larry W. Myers’ 401k account. The footnote explains this correction follows a vendor conversion from First Savings Financial Group, Inc. to First Merchants Corporation in May 2026.
What was the sale price in Larry W. Myers’ FIRST MERCHANTS CORP (FRME) transaction?
Larry W. Myers’ reported open-market sale involved 5,000 FIRST MERCHANTS CORP common shares at a price of $41.50 per share. This price reflects the per-share consideration received in that specific transaction on February 26, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
