What price per share is associated with the First Merchants (FRME) stock award?

The Form 4 reports a value of $43.69 per share for the 518-share stock award. This figure typically reflects the fair market value on the grant date and is used for reporting, rather than indicating an open-market purchase price.

First Merchants director granted 518 shares

First Merchants Corp director Paul G. Fultz received an award of 518 shares of common stock on June 30, 2026.

Filing Impact

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Filing Sentiment

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Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

First Merchants Corp director Paul G. Fultz received an award of 518 shares of common stock on June 30, 2026. The Form 4 classifies this as a grant or award acquisition, not an open-market purchase, with a reported fair value of $43.69 per share. After this grant, he holds 518 shares directly, all described in the footnote as Restricted Stock Awards.

Insider Trade Summary

Grant/Award: 518 shares

Grant/Award 1 txn

Insider Fultz Paul G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	518	$43.69	$23K

Holdings After Transaction: Common Stock — 518 shares (Direct)

Footnotes (1)

F1. Includes Restricted Stock Awards totaling 518 shares

Key Figures

Shares granted: 518 shares Reported share value: $43.69 per share Shares owned after grant: 518 shares +1 more

4 metrics

Shares granted 518 shares Restricted Stock Awards granted on June 30, 2026

Reported share value $43.69 per share Value used for the 518-share grant

Shares owned after grant 518 shares Total direct holdings following the transaction

Transaction code A Classified as grant, award, or other acquisition

Key Terms

Restricted Stock Awards, Common Stock, Grant, award, or other acquisition

3 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 518 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.

Common Stock financial

"security_title: "Common Stock" for the reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did First Merchants (FRME) report for Paul G. Fultz?

First Merchants reported that director Paul G. Fultz received an award of 518 shares of common stock. The Form 4 classifies this as a grant or award acquisition, not a market purchase, increasing his directly held shares to 518.

Was the First Merchants (FRME) transaction a stock purchase or a grant?

The filing shows a stock grant, not a purchase. It uses transaction code A, defined as a grant, award, or other acquisition, and a footnote explains the 518 shares are Restricted Stock Awards held directly by the director.

How many First Merchants (FRME) shares does Paul G. Fultz hold after the Form 4?

After the reported transaction, Paul G. Fultz holds 518 shares of First Merchants common stock. The entire amount reflects Restricted Stock Awards, and this figure represents his direct ownership immediately following the June 30, 2026 grant event.

Does the First Merchants (FRME) Form 4 indicate any stock sales by Paul G. Fultz?

The Form 4 does not show any stock sales by Paul G. Fultz. It reports only a single acquisition transaction coded as a grant or award, increasing his directly held common shares to 518, with no dispositions or derivative exercises listed.

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

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Accepted by SEC EDGAR 07/02/2026 - 02:53 PM EDT

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^*

Fultz Paul G

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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	06/30/2026		A		518	A	$43.69	518⁽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 518 shares

Remarks:

	Paul Cento (Confirming Statement on File)	07/02/2026
	** 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