First Merchants Corp (FRME) grants 16,000 shares to president
Rhea-AI Filing Summary
FIRST MERCHANTS CORP President Michael J. Stewart reported a grant of 16,000 shares of common stock on August 3, 2026 at $43.63 per share. On August 2, 2026, 6,059 shares were withheld at $43.14 per share to satisfy exercise price or tax liability. He also reports indirect holdings of 7,234.836 shares in a 401(k) plan, and his holdings include Restricted Stock Awards totaling 49,816.477 shares.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 9,941 shares
Net Buy
3 txns
Insider
Stewart Michael J
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 16,000 | $43.63 | $698K |
| Exercise Price or Tax Liability | Common Stock | 6,059 | $43.14 | $261K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 115,833.864 shares (Direct);
Common Stock — 7,234.836 shares (Indirect, 401(k) Plan)
Footnotes (1)
- F1. Includes Restricted Stock Awards totaling 49,816.477 shares
Key Figures
Common stock grant: 16,000 shares
Shares withheld for tax/exercise: 6,059 shares
Indirect 401(k) holdings: 7,234.836 shares
+1 more
4 metrics
Common stock grant
16,000 shares
Grant/award acquisition of common stock on August 3, 2026 at $43.6300 per share
Shares withheld for tax/exercise
6,059 shares
Code F withholding on August 2, 2026 at $43.1400 per share to satisfy exercise price or tax liability
Indirect 401(k) holdings
7,234.836 shares
Indirect common stock holdings reported through a 401(k) Plan
Restricted Stock Awards included
49,816.477 shares
Restricted Stock Awards included in reported holdings per footnote F1
Key Terms
Restricted Stock Awards, 401(k) Plan, tax liability, exercise price
4 terms
Restricted Stock Awards financial
"Includes Restricted Stock Awards totaling 49,816.477 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.
401(k) Plan financial
"Indirect ownership reported through a 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
exercise price financial
"Payment of exercise price or tax liability by delivering or withholding securities"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did FIRST MERCHANTS CORP (FRME) report for Michael J. Stewart?
Michael J. Stewart reported a grant of 16,000 FRME common shares at $43.63 on August 3, 2026, and a withholding of 6,059 shares at $43.14 on August 2, 2026 to cover exercise price or tax liability.
How large was Michael J. Stewart’s stock grant in the latest FRME Form 4?
He received a grant of 16,000 shares of FRME common stock at a value of $43.63 per share. The transaction is coded as a grant or award acquisition, reflecting compensation rather than an open-market purchase.
What indirect FRME holdings does Michael J. Stewart report?
He reports 7,234.836 FRME shares held indirectly through a 401(k) Plan. In addition, a footnote states his holdings include Restricted Stock Awards totaling 49,816.477 shares, providing context on stock-based compensation he holds.
Were Michael J. Stewart’s FRME transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked (aff_10b5_one is false), so there is no indication these transactions were executed under a pre-arranged Rule 10b5-1 trading plan based on the reported data.