First Merchants Corp (FRME) awards 3,000 shares to HR chief
Rhea-AI Filing Summary
First Merchants Corp executive Steven C. Harris received a grant of 3,000 shares of common stock on 2026-08-03 at $43.63 per share. On 2026-08-02, 612 shares of common stock were withheld at $43.14 per share to satisfy an exercise price or tax liability. Harris’s holdings include Restricted Stock Awards totaling 8,910.223 shares and 148.472 shares held indirectly through a 401k plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,388 shares
Net Buy
3 txns
Insider
Harris Steven C
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common F1 | 3,000 | $43.63 | $131K |
| Exercise Price or Tax Liability | Common | 612 | $43.14 | $26K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common — 22,648.558 shares (Direct);
Common Stock — 148.472 shares (Indirect, 401k)
Footnotes (1)
- F1. Includes Restricted Stock Awards totaling 8,910.223 shares
Key Figures
Stock grant: 3,000 shares
Grant price: $43.63 per share
Shares withheld: 612 shares
+3 more
6 metrics
Stock grant
3,000 shares
Grant of common shares to Steven C. Harris on 2026-08-03 at $43.63 per share
Grant price
$43.63 per share
Price per share for the 3,000-share common stock grant on 2026-08-03
Shares withheld
612 shares
Common shares withheld on 2026-08-02 to satisfy exercise price or tax liability at $43.14 per share
Withholding price
$43.14 per share
Per-share value for 612 shares withheld on 2026-08-02
Restricted Stock Awards
8,910.223 shares
Restricted Stock Awards included in Harris’s holdings per footnote F1
401k holdings
148.472 shares
Indirect common stock holdings in a 401k plan as of 2026-08-02
Key Terms
Restricted Stock Awards, tax liability, exercise price, 401k
4 terms
Restricted Stock Awards financial
"Includes Restricted Stock Awards totaling 8,910.223 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.
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.
401k financial
"nature_of_ownership: 401k"
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock grant did First Merchants (FRME) report for executive Steven C. Harris?
Steven C. Harris, Chief Human Resources Officer, received a grant of 3,000 common shares of First Merchants Corp on 2026-08-03 at $43.63 per share. The award is recorded as a grant or award acquisition of non-derivative common stock.
What Restricted Stock Awards does Steven C. Harris hold at First Merchants (FRME)?
Holdings for Steven C. Harris include Restricted Stock Awards totaling 8,910.223 shares of First Merchants common stock. This figure comes from a footnote associated with the reported grant and reflects restricted shares included in his overall equity position.
What indirect 401k holdings are reported for Steven C. Harris in First Merchants (FRME) stock?
The report shows 148.472 shares of First Merchants common stock held indirectly through a 401k plan as of 2026-08-02. These shares are classified as indirect ownership, separate from directly held and restricted stock awards.
Was the reported First Merchants (FRME) insider activity under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox for this insider activity is not marked as affirming plan use. The transactions are presented as a grant and related withholding, without an accompanying statement that they were executed under a pre-arranged trading plan.