Director at First Merchants (NASDAQ: FRME) receives 500-share stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

FIRST MERCHANTS CORP director Kevin D. Johnson reported a compensation-related stock award. On June 30, 2026, he received a grant of 500 shares of common stock at $43.69 per share as a non-derivative acquisition. Following this award, his direct holdings total 9,497.512 common shares, which the disclosure notes include 7,132 shares in Restricted Stock Awards. This reflects an equity compensation grant rather than an open‑market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Johnson Kevin D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common	500	$43.69	$22K

Holdings After Transaction: Common — 9,497.512 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 500 shares Grant price per share: $43.69 per share Total shares after transaction: 9,497.512 shares +2 more

5 metrics

Shares granted 500 shares Common stock award on June 30, 2026

Grant price per share $43.69 per share Price for 500-share common stock award

Total shares after transaction 9,497.512 shares Direct common stock holdings after award

Restricted Stock Awards included 7,132 shares Restricted Stock Awards within total holdings

Transaction code A Grant, award, or other acquisition of common stock

Key Terms

Restricted Stock Awards, non-derivative, Grant, award, or other acquisition, Form 4

4 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 7,132 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.

non-derivative financial

"transaction_type": "non-derivative" for the common stock grant"

Grant, award, or other acquisition financial

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

Form 4 regulatory

"INSIDER FILING DATA (Form 4): details Kevin D. Johnson’s award"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 05:07 PM Accepted by SEC EDGAR 07/02/2026 - 05:06 PM

FAQ

What insider transaction did FRME director Kevin D. Johnson report?

Kevin D. Johnson reported receiving a grant of 500 shares of First Merchants Corp common stock. The award was classified as a non-derivative acquisition, reflecting equity compensation rather than an open-market trade, and was priced at $43.69 per share on June 30, 2026.

At what price was Kevin D. Johnson’s FRME stock award recorded?

The 500-share stock award to Kevin D. Johnson was recorded at $43.69 per share. This figure reflects the price per share used for the reported grant and helps indicate the reference value of the compensation on the June 30, 2026 transaction date.

How many FRME shares does Kevin D. Johnson hold after this transaction?

After the June 30, 2026 award, Kevin D. Johnson directly holds 9,497.512 shares of First Merchants Corp common stock. This total includes previously granted Restricted Stock Awards, giving a snapshot of his direct equity position following the reported grant.

Does Kevin D. Johnson’s FRME Form 4 show a stock purchase or sale?

The Form 4 reports a grant or award acquisition, not an open-market purchase or sale. The 500 shares were received as equity compensation, categorized as a non-derivative acquisition, meaning no discretionary buying or selling in the market occurred in this filing.

How many restricted FRME shares are included in Kevin D. Johnson’s holdings?

Johnson’s reported total of 9,497.512 First Merchants Corp shares includes 7,132 Restricted Stock Awards. These restricted shares are typically subject to vesting or other conditions, forming a substantial portion of his overall direct equity compensation position.

What is the significance of transaction code A in Kevin D. Johnson’s FRME filing?

Transaction code A in the filing indicates a grant, award, or other acquisition of shares. For Kevin D. Johnson, it reflects 500 common shares received as equity compensation, distinguishing the event from open-market buying or selling activity in First Merchants Corp stock.

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^*

Johnson Kevin D

(Last)

(First)

(Middle)

200 E 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	06/30/2026		A		500	A	$43.69	9,497.512⁽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 7,132 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