First Merchants Corp (FRME) risk chief granted 700 shares, 224 withheld

Q: What insider transactions did FRME executive Eva D. Scurlock report?

Eva D. Scurlock reported a 700-share common stock grant and a disposition of 224 shares . The grant was recorded at $43.63 per share, while the 224 shares were disposed of at $43.14 per share for exercise-price or tax-liability purposes.

Q: How many FRME shares were granted to the Chief Risk Officer and at what price?

The Chief Risk Officer received a grant of 700 shares of First Merchants common stock at $43.63 per share. This transaction was coded as a grant or award acquisition and is classified as directly owned stock.

Q: Why were 224 FRME shares disposed of in Eva D. Scurlock’s report?

The 224 shares were disposed of at $43.14 per share to satisfy exercise-price or tax-liability obligations. The transaction is coded “F,” meaning payment of an option exercise price or tax liability by delivering or withholding securities rather than an open-market sale.

Q: What does the footnote about Restricted Stock Awards mean for FRME’s Eva D. Scurlock?

A footnote states that the reported holdings include Restricted Stock Awards totaling 2,179.470 shares . This indicates a portion of her reported position consists of restricted stock awards, in addition to other directly held common shares linked to the noted transactions.

Q: Were Eva D. Scurlock’s FRME transactions made under a Rule 10b5-1 trading plan?

No. The Rule 10b5-1 checkbox is explicitly unchecked, indicating these transactions were not carried out under a pre-arranged trading plan. Their timing therefore was not governed by an affirmed automatic selling or purchasing program.

Q: Are Eva D. Scurlock’s FRME holdings reported as direct or indirect ownership?

The transactions for 700 acquired shares and 224 disposed shares are both reported as direct ownership . No nature-of-ownership footnote modifies this, so the positions are shown as directly held rather than through an intermediary entity.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Eva D. Scurlock, Chief Risk Officer of First Merchants Corp, received a grant of 700 shares of common stock on August 3, 2026 at $43.63 per share.

On August 2, 2026, 224 shares of common stock were disposed of at $43.14 per share to satisfy exercise-price or tax-liability obligations. A footnote states that the reported holdings include Restricted Stock Awards totaling 2,179.470 shares. These positions are held directly and the transactions were not made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 476 shares

Net Buy 2 txns

Insider Scurlock Eva D.

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock ^F1	700	$43.63	$31K
Exercise Price or Tax Liability	Common Stock	224	$43.14	$10K

Holdings After Transaction: Common Stock — 28,222.549 shares (Direct)

Footnotes (1)

F1. Includes Restricted Stock Awards totaling 2,179.470 shares.

Key Figures

Stock grant shares: 700 shares Grant price: $43.63 per share Shares disposed for exercise-price or tax: 224 shares +2 more

5 metrics

Stock grant shares 700 shares Common stock grant to Chief Risk Officer on 2026-08-03 at $43.63 per share

Grant price $43.63 per share Price for 700-share common stock grant on 2026-08-03

Shares disposed for exercise-price or tax 224 shares Code F disposition on 2026-08-02 at $43.14 per share

Disposition price $43.14 per share Per-share value for 224-share disposition coded as payment of exercise price or tax liability

Restricted Stock Awards 2,179.470 shares Footnote states holdings include Restricted Stock Awards totaling 2,179.470 shares

Key Terms

Restricted Stock Awards, Rule 10b5-1, exercise-price or tax-liability, direct ownership

4 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 2,179.470 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.

Rule 10b5-1 financial

"The Rule 10b5-1 checkbox is explicitly unchecked for these transactions"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

exercise-price or tax-liability financial

"Disposed of at $43.14 per share to satisfy exercise-price or tax-liability obligations"

direct ownership financial

"These positions are shown as direct ownership rather than through an intermediary"

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 08/04/2026 - 06:05 PM Accepted by SEC EDGAR 08/04/2026 - 06:04 PM

FAQ

What insider transactions did FRME executive Eva D. Scurlock report?

Eva D. Scurlock reported a 700-share common stock grant and a disposition of 224 shares. The grant was recorded at $43.63 per share, while the 224 shares were disposed of at $43.14 per share for exercise-price or tax-liability purposes.

How many FRME shares were granted to the Chief Risk Officer and at what price?

The Chief Risk Officer received a grant of 700 shares of First Merchants common stock at $43.63 per share. This transaction was coded as a grant or award acquisition and is classified as directly owned stock.

Why were 224 FRME shares disposed of in Eva D. Scurlock’s report?

The 224 shares were disposed of at $43.14 per share to satisfy exercise-price or tax-liability obligations. The transaction is coded “F,” meaning payment of an option exercise price or tax liability by delivering or withholding securities rather than an open-market sale.

What does the footnote about Restricted Stock Awards mean for FRME’s Eva D. Scurlock?

A footnote states that the reported holdings include Restricted Stock Awards totaling 2,179.470 shares. This indicates a portion of her reported position consists of restricted stock awards, in addition to other directly held common shares linked to the noted transactions.

Were Eva D. Scurlock’s FRME transactions made under a Rule 10b5-1 trading plan?

No. The Rule 10b5-1 checkbox is explicitly unchecked, indicating these transactions were not carried out under a pre-arranged trading plan. Their timing therefore was not governed by an affirmed automatic selling or purchasing program.

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

The transactions for 700 acquired shares and 224 disposed shares are both reported as direct ownership. No nature-of-ownership footnote modifies this, so the positions are shown as directly held rather than through an intermediary entity.

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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/02/2026		F		224	D	$43.14	27,522.549	D
Common Stock	08/03/2026		A		700	A	$43.63	28,222.549⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes Restricted Stock Awards totaling 2,179.470 shares.

Remarks:

	Paul Cento (Confirming Statement on File)	08/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR