FRME director granted 536 FIRST MERCHANTS shares

Halderman Howard reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Halderman Howard reported acquisition or exercise transactions in this Form 4 filing.

FIRST MERCHANTS CORP director Howard Halderman received a stock grant of 536 common shares on an award basis. The shares were valued at $43.69 per share on the transaction date. After this grant, his directly held position increased to 29,772.944 common shares.

The holding figure includes restricted stock awards totaling 7,643 shares, which typically vest over time and are subject to continued service or other conditions. This filing reflects a compensation-related equity award rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 536 shares

Grant/Award 1 txn

Insider Halderman Howard

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	536	$43.69	$23K

Holdings After Transaction: Common Stock — 29,772.944 shares (Direct)

Footnotes (1)

1. F1. Includes Restricted Stock Awards totaling 7,643 shares

Key Figures

Stock grant size: 536 shares Grant valuation price: $43.69 per share Shares after transaction: 29,772.944 shares +1 more

4 metrics

Stock grant size 536 shares Common Stock grant on June 30, 2026

Grant valuation price $43.69 per share Value used for the stock award

Shares after transaction 29,772.944 shares Total direct holdings following the grant

Restricted stock included 7,643 shares Restricted Stock Awards within total holdings

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 7,643 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 insider transaction did FIRST MERCHANTS CORP (FRME) report for Howard Halderman?

Howard Halderman received a grant of 536 shares of FIRST MERCHANTS CORP common stock. The award is classified as a grant or other acquisition, reflecting equity-based compensation rather than an open-market trade, and increases his directly held ownership stake in the company.

At what price was the FRME stock grant to Howard Halderman valued?

The 536-share grant to Howard Halderman was valued at $43.69 per share. This price represents the per-share value used for the award on the transaction date, helping investors gauge the approximate dollar value of this director compensation grant.

How many FIRST MERCHANTS CORP shares does Howard Halderman hold after this Form 4 transaction?

Following the 536-share grant, Howard Halderman directly holds 29,772.944 shares of FIRST MERCHANTS CORP common stock. This total reflects his updated ownership position as reported in the filing and includes both unrestricted and restricted stock awards in his direct account.

Does Howard Halderman’s FRME position include restricted stock awards?

Yes. The filing notes that his holdings include restricted stock awards totaling 7,643 shares. Restricted stock typically vests over time or upon meeting conditions, so these shares are part of his reported ownership but may not be fully vested yet.

Was the FRME transaction by Howard Halderman an open-market purchase or a grant?

The transaction was a grant or award acquisition, coded as “A” on the Form 4. This indicates the shares were received as equity compensation from FIRST MERCHANTS CORP, not bought or sold in the open market by the director.

Is this FRME Form 4 transaction considered a buy or a sell for Howard Halderman?

The FRME Form 4 shows an acquisition through a grant, not a buy or sell trade. The transaction direction is recorded as “acquire” due to a stock award, which increases his holdings without an open-market purchase or sale.

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

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Accepted by SEC EDGAR 07/02/2026 - 04:42 PM 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^*

Halderman Howard

(Last) (First) (Middle)

200 E 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		536	A	$43.69	29,772.944(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 7,643 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)