FRME director receives 554-share stock grant

Becher Michael R reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Becher Michael R reported acquisition or exercise transactions in this Form 4 filing.

FIRST MERCHANTS CORP director Michael R. Becher received a grant of 554 shares of Common Stock as compensation. The award was recorded at a price of $43.69 per share on the transaction date. After this grant, he directly owns a total of 29,699.398 shares.

The reported holdings include 7,898 shares in Restricted Stock Awards, which typically vest over time subject to service or performance conditions. This Form 4 reflects a routine equity compensation grant rather than an open-market purchase or sale, so it mainly updates Becher’s ownership position.

Insider Trade Summary

Grant/Award: 554 shares

Grant/Award 1 txn

Insider Becher Michael R

Role Director

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

Holdings After Transaction: Common Stock — 29,699.398 shares (Direct)

Footnotes (1)

1. F1. Includes Restricted Stock Awards totaling 7,898 shares

Key Figures

Stock grant size: 554 shares Grant price: $43.69 per share Total direct holdings: 29,699.398 shares +1 more

4 metrics

Stock grant size 554 shares Common Stock grant to director on 2026-06-30

Grant price $43.69 per share Reported value for the 554-share award

Total direct holdings 29,699.398 shares Shares owned following the reported transaction

Restricted Stock Awards 7,898 shares Included within direct holdings per footnote

Key Terms

Restricted Stock Awards, Grant, award, or other acquisition, Common Stock, Form 4

4 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 7,898 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"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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.

FAQ

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

What did FRME director Michael R. Becher report in this Form 4?

Michael R. Becher reported receiving a grant of 554 shares of FIRST MERCHANTS CORP Common Stock. This is classified as a grant or award acquisition, updating his equity-based compensation and ownership position rather than reflecting an open-market trade in FRME shares.

How many FIRST MERCHANTS CORP shares does Michael R. Becher own after this transaction?

After the grant, Michael R. Becher directly owns 29,699.398 shares of FIRST MERCHANTS CORP. This total includes both previously held shares and the newly awarded 554 shares, providing an updated picture of his direct equity stake in the company.

Was the FRME Form 4 transaction a market purchase or sale of shares?

The FRME Form 4 shows a grant of 554 Common Stock shares, not a market purchase or sale. The transaction code is “A” for grant, award, or other acquisition, indicating compensation-related stock, rather than shares bought or sold on the open market.

What price is associated with Michael R. Becher’s 554-share stock grant at FRME?

The 554-share stock grant to Michael R. Becher is reported at $43.69 per share. This figure is used for reporting purposes in the Form 4 and reflects the value assigned to the equity award on the transaction date.

How many Restricted Stock Awards does Michael R. Becher hold in FRME?

Footnotes indicate Michael R. Becher’s holdings include Restricted Stock Awards totaling 7,898 shares. These awards are part of his direct ownership and typically vest over time, aligning director compensation with FIRST MERCHANTS CORP’s long-term stock performance.

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

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Accepted by SEC EDGAR 07/02/2026 - 02:44 PM EDT Learn about SEC filing dates

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^*

Becher Michael R

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2026		A		554	A	$43.69	29,699.398(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 7,898 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)