Director at FIRST MERCHANTS (FRME) receives 554-share stock award grant

Rhea-AI Filing Summary

RECHIN MICHAEL C reported acquisition or exercise transactions in this Form 4 filing.

FIRST MERCHANTS CORP director Michael C. Rechin received a grant of 554 shares of Common Stock on June 30, 2026, as a stock award valued at $43.69 per share. After this grant, he directly owns a total of 90,423.867 shares, which includes 7,756 shares of Restricted Stock Awards. This filing reflects a routine equity compensation grant rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RECHIN MICHAEL C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	554	$43.69	$24K

Holdings After Transaction: Common Stock — 90,423.867 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 554 shares Grant price: $43.69 per share Total shares after transaction: 90,423.867 shares +1 more

4 metrics

Shares granted 554 shares Common Stock grant on June 30, 2026

Grant price $43.69 per share Value of Common Stock award

Total shares after transaction 90,423.867 shares Director’s direct holdings following the grant

Restricted Stock Awards 7,756 shares Restricted shares included in total holdings

Key Terms

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

3 terms

Common Stock financial

"security_title: "Common Stock""

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.

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 7,756 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.

Grant, award, or other acquisition financial

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 02:59 PM Accepted by SEC EDGAR 07/02/2026 - 02:59 PM Learn about SEC filing dates

FAQ

What insider transaction did FIRST MERCHANTS CORP (FRME) report for Michael C. Rechin?

FIRST MERCHANTS CORP reported that director Michael C. Rechin received a grant of 554 shares of Common Stock. The transaction was coded as a grant or award, indicating equity compensation rather than an open-market purchase or sale by the director.

At what price was the FRME stock award granted to Michael C. Rechin?

The stock award to Michael C. Rechin was valued at $43.69 per share. This price is the reported grant value for the 554 shares of Common Stock he acquired as a compensation award on June 30, 2026, under the company’s equity arrangements.

How many FIRST MERCHANTS CORP (FRME) shares does Michael C. Rechin own after this transaction?

After the June 30, 2026 grant, Michael C. Rechin directly owns 90,423.867 shares of FIRST MERCHANTS CORP Common Stock. This figure includes previously held shares together with the newly granted 554 shares reported in this Form 4 insider transaction filing.

Does the FRME Form 4 for Michael C. Rechin represent a stock purchase or a compensation grant?

The Form 4 for Michael C. Rechin represents a compensation grant, not a market purchase. The transaction code is “A,” described as a grant, award, or other acquisition, indicating the 554 shares of Common Stock were awarded as equity compensation by the company.

How many Restricted Stock Awards does Michael C. Rechin hold at FIRST MERCHANTS CORP (FRME)?

According to the footnote, Michael C. Rechin’s holdings include Restricted Stock Awards totaling 7,756 shares. These restricted shares are part of his overall direct ownership of 90,423.867 shares of FIRST MERCHANTS CORP Common Stock following the reported grant transaction.

Is the Michael C. Rechin FRME transaction a buy or sell signal for investors?

The Michael C. Rechin transaction is an equity grant, not a discretionary buy or sell trade. It reflects routine director compensation via 554 awarded shares, rather than an open-market decision to purchase or sell FIRST MERCHANTS CORP stock for portfolio or timing reasons.

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^*

RECHIN MICHAEL C

(Last) (First) (Middle)

200 E JACKSON STREET

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2026		A		554	A	$43.69	90,423.867(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes Restricted Stock Awards totaling 7,756 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)