Director at First Merchants (NASDAQ: FRME) awarded 625 shares

Rhea-AI Filing Summary

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

FIRST MERCHANTS CORP director Michael C. Rechin reported a stock-based compensation grant of 625 shares of common stock at $38.73 per share. This grant increased his directly held position to 89,869.867 shares, which includes Restricted Stock Awards totaling 8,004 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RECHIN MICHAEL C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	625	$38.73	$24K

Holdings After Transaction: Common Stock — 89,869.867 shares (Direct)

Footnotes (1)

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Key Figures

Stock grant: 625 shares Grant price: $38.73/share Total direct holdings: 89,869.867 shares +1 more

4 metrics

Stock grant 625 shares Common Stock award to director Michael C. Rechin

Grant price $38.73/share Price used for the 625-share stock grant

Total direct holdings 89,869.867 shares Shares directly held after the grant

Restricted Stock Awards 8,004 shares Restricted Stock Awards included in total direct holdings

Key Terms

Restricted Stock Awards, Common Stock, Form 4

3 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 8,004 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.

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.

Form 4 Insider Transactions: What Each Field Means →

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)
03/31/2026

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	03/31/2026		A		625	A	$38.73	89,869.867(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 8,004 shares

Remarks:

	Paul Cento (Confirming Statement on File)	04/02/2026
	** 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)

FAQ

What insider transaction did FRME director Michael C. Rechin report?

Director Michael C. Rechin reported receiving a grant of 625 shares of FIRST MERCHANTS CORP common stock. The shares were awarded at $38.73 per share as stock-based compensation, increasing his directly held ownership stake in the company.

At what price were the 625 FRME shares granted to Michael C. Rechin?

The 625 shares of FIRST MERCHANTS CORP common stock were granted at $38.73 per share. This reflects the grant price used in the award, not an open-market purchase or sale, and is disclosed as part of his Form 4 filing.

How many FIRST MERCHANTS CORP shares does Michael C. Rechin hold after this grant?

After the 625-share grant, Michael C. Rechin directly holds 89,869.867 shares of FIRST MERCHANTS CORP common stock. This total includes previously awarded Restricted Stock Awards amounting to 8,004 shares, as noted in the Form 4 footnote disclosure.

Does the FRME Form 4 filing involve an open-market buy or sell?

The Form 4 reflects a grant or award acquisition of 625 shares, coded as “A,” not an open-market buy or sell. It is classified as stock-based compensation, so no open-market purchase or sale transaction is reported in this specific filing.

What portion of Michael C. Rechin’s FRME holdings are Restricted Stock Awards?

The filing notes that his holdings include Restricted Stock Awards totaling 8,004 shares of FIRST MERCHANTS CORP common stock. These restricted shares form part of his overall 89,869.867 directly held shares following the reported 625-share grant.