Director Kellogg receives 518-share stock award at First Merchants (NASDAQ: FRME)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

KELLOGG CLARK C reported acquisition or exercise transactions in this Form 4 filing.

FIRST MERCHANTS CORP director Clark C. Kellogg received a grant of 518 shares of Common Stock as compensation. The award was recorded on June 30, 2026 at a reference price of $43.69 per share. After this grant, Kellogg directly holds a total of 15,858.231 shares, which includes previously granted Restricted Stock Awards totaling 7,387 shares, reflecting a primarily compensation-related increase in his equity stake rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KELLOGG CLARK C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	518	$43.69	$23K

Holdings After Transaction: Common Stock — 15,858.231 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 518 shares Grant reference price: $43.69 per share Total shares after transaction: 15,858.231 shares +1 more

4 metrics

Shares granted 518 shares Common Stock grant on June 30, 2026

Grant reference price $43.69 per share Common Stock award valuation

Total shares after transaction 15,858.231 shares Director’s direct holdings following the grant

Restricted Stock Awards included 7,387 shares Portion of holdings composed of Restricted Stock Awards

Key Terms

Restricted Stock Awards, Common Stock, Form 4, grant/award acquisition

4 terms

Restricted Stock Awards financial

"Includes Restricted Stock Awards totaling 7,387 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" for the 518-share grant"

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) reporting this director transaction"

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.

grant/award acquisition financial

"transaction_action: "grant/award acquisition" describing the share grant"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:44 PM Accepted by SEC EDGAR 07/02/2026 - 04:43 PM

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^*

KELLOGG CLARK C

(Last)

(First)

(Middle)

200 EAST 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		A		518	A	$43.69	15,858.231⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes Restricted Stock Awards totaling 7,387 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FRME director Clark C. Kellogg report?

Director Clark C. Kellogg reported receiving a grant of 518 shares of FIRST MERCHANTS CORP Common Stock. The transaction is coded as a grant, award, or other acquisition, indicating compensation-related stock rather than an open-market trade.

Was the FRME insider transaction a purchase or a stock award?

The FRME insider transaction was a stock award, not a market purchase. It is labeled as a grant or award acquisition, meaning the shares were issued as compensation instead of being bought on the open market by the director.

At what price was the FRME stock award to Clark C. Kellogg recorded?

The 518-share award to Clark C. Kellogg was recorded at $43.69 per share. This price serves as the reference value for the grant on June 30, 2026, though no open-market purchase occurred for this compensation-related transaction.

How many FRME shares does Clark C. Kellogg hold after this grant?

After the June 30, 2026 grant, Clark C. Kellogg directly holds 15,858.231 shares of FIRST MERCHANTS CORP Common Stock. This total includes previously granted Restricted Stock Awards totaling 7,387 shares, as noted in the filing footnote.

What does the Restricted Stock Awards footnote mean for FRME director holdings?

The footnote explains that Kellogg’s reported holdings include Restricted Stock Awards totaling 7,387 shares. Restricted Stock Awards are shares granted as compensation that typically vest over time, increasing the director’s equity exposure as vesting conditions are satisfied.